The mining industry faces a confidence crisis. Confidence over whether costs can be controlled, return on capital will improve and commodity prices will not collapse, among others. Regaining confidence depends on how the mining industry responds to its rising costs, increasingly volatile commodity prices and other challenges such as resource nationalism.
Join John Gravelle, mining leader for the Americas at PwC Canada on June 14 at 2 p.m. EST for our live web Q&A to discuss the confidence crisis miners are currently facing.
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China has provied demand for commodities and capital to develop projects - it now has taken a role a regulator for the industry as it was the last government to approve the Glencore/Xstrata transation. Thoughts?
Last question from me John...What is your take on the situation(s) in Peru and Chile (just to name these two)? Lots of senior miners struggling to move their projects forward. That does not give much hope for juniors that invested millions and now they cannot seem to get any traction due to laws giving local communities the final say. Companies are spending MILLIONS in one quarter on social and that might bring them nothing. Is that investor money spent well?