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Mining Market Trends & Disconnect Impact - PWC Review 2012

Explore the latest mining market conditions on the TSX and TSXV, based on PWC's insights. Discover the disconnect between record profits and declining market capital, the impact on shareholder demands, long-term demand fundamentals, and offer trends in Canada. Delve into key industry issues and the future outlook for mining financing and investments. Stay informed with the National Mining Group Chair, Carmen L. Diges, as we navigate through the complexities of the mining sector.

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Mining Market Trends & Disconnect Impact - PWC Review 2012

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  1. Canada Mining Update: June 2012

  2. Current Market Conditions Toronto Stock Exchange (“TSX”)

  3. Current Market Conditions TSX – Mining Financings

  4. Current Market Conditions Toronto Venture Stock Exchange (“TSXV”)

  5. Current Market Conditions TSXV – Mining Financings

  6. The Disconnect • PWC Review of Global Trends 2012 – based on top 40 mining cos • 2011 = record profits of $133B, record cash-flows BUT market capital ↓ 25% • ↑ shareholder demands for heightened capital discipline • Invested $98B in capital projects (2011), $140B planned in 2012 • Top 40 returned 156% more to shareholders in 2011 over 2010 • Only 6 of top 40 saw market cap ↑ Source: PWC – Mine - 2012

  7. What is the impact of the Disconnect? • Long-term demand fundamentals remain robust • Key issues facing supply over next 5 years • Structural changes to costs bases • ↑ resource nationalism • Timing issues • Capital requirements in light of financial markets • How long can the disconnect continue? Source: PWC – Mine - 2012

  8. Offer Trends • In Canada, governments are actively promoting resource development • BC • Ring of Fire • NWT • Bill 14 (Quebec) • Clean Mining Alliance

  9. Carmen L. Diges, LL.M, CFA • Chair, National Mining Group

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