PwC urges reforms amid Covid recovery

MINING WEEKLY | Advisory firm PricewaterhouseCoopers (PwC) have urged miners to adopt strategies to mitigate against further economic and social risks post the Covid-19 crisis.

PwC’s forecast for 2020 suggests the global top 40 miners would take a modest hit to earnings before interest, taxes, depreciation, amortisation and impairment of approximately 6%, following a strong financial performance in 2019, which saw revenue increase by 4% to $692-billion and market capitalisation increasing by 19% to $898-billion.

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