Living in La La Land
Mining news story featuring commentary from Jacques Erasmus, Global Head of Mining at KPMG International
Survival mode: Platinum producers face a major struggle in these trying times
Interview with Jacques Erasmus, Global Head of Mining at KPMG International
Is a copper shortage in the pipeline?
Low copper prices have led to big cuts in exploration and development but what does the next phase of cycle look like?
Mining executives expect medium-term growth despite weak economy
Fewer than half of the senior mining and metals executives voice any level of confidence in the prospects for the global economy over the next two years.
KPMG Global Metals and Mining survey
Given the tight relationship between the fortunes of the global economy and that of the global metals and mining industry, it does not bode well that fewer than half of the senior metals executives responding to the survey which is reflected in the KPMG International’s 2016 Global Metals & Mining Outlook” voice any level of confidence in the prospects for the global economy over the next two years.
Metal execs turning lemons into lemonade
A survey reflected in the KPMG International’s 2016 Global Metals & Mining Outlook noted that less than half of the executives responding depicted low levels of confidence in the prospects of the global economy over the next two years.
Mining execs are making the best of a difficult situation
While confidence in the global economy is low, KPMG's 2016 Global Metals & Mining Outlook survey suggests that most metals executives believe they can survive and maybe even grow in the medium term.
Executives are making the best of a difficult situation
Growing existing market share and entering into new markets top strategies.
Executives believe they can survive lower metals outlook – KPMG
Fewer than half of senior metals executives responding to KPMG International’s 2016 Global Metals & Mining Outlook survey voiced any level of confidence in the prospects for the global economy over the next two years.
Can the draft mining sector help to stimulate growth?
CNBC Africa interview with Yoliswa Msweli, Associate Director, Social Investment Services Lead, KPMG in South Africa.
African mining has potential to grow stronger
Africa is the most mineral-rich continent in the world and has the potential to become a mining mecca.
The good, the bad and the ugly of African capital markets
Article by Robbie Cheadle, (CA) SA Associate Director – JSE Advisory Services, Mergers & Acquisitions at KPMG in South Africa
Higher gold price ensures stable South African sector
The record high gold price in rand terms has proven to be a stroke of luck for South African companies functioning within the global gold sector.
Mining Magazine: Resourceful thinking - less fire-fighting and more planning in the procurement process
This article appeared in the April 2016 issue of the Mining Magazine and appears here with publisher's permission.
Metals mining: CIO Review
CIO Review - India Edition
KPMG mining risk survey: Settling the dust
KPMG in South Africa last week launched its mining risk survey. This comes after the firm hosted its first Mining Executive Forum in South Africa in 2015.
Falling demand at Mining Indaba
ALL eyes will be on SA’s third mines minister in three years when he addresses the annual Mining Indaba in Cape Town on Monday morning against the backdrop of enormous regulatory uncertainty, global turmoil in commodity prices and a host of cost and labour pressures in the industry.
Professional services firm KPMG’s head of mining in South Africa Jacques Erasmus says South Africa’s once mighty and economy dominating mining industry is, at present, in dire straits and is fraught with crisis and increased investor scrutiny.
For an industry so accustomed to volatility, mining has faced many challenges over the past couple of years. The fall in commodity prices does not make it any easier as shareholders push for lower costs and greater returns on investment. It makes the case for innovation even more compelling.
As plunging commodity prices squeeze South Africa's mining industry, CNBC Africa's Godfrey Mutizwa caught up with Lord Michael Hastings, Global Head of Citizenship at KPMG International, to get insights on how creating value can be a game changer for the industry.
The mining industry was the most underperforming business industry globally for a fourth consecutive year, South African Institute of Mining and Metallurgy fellow Michael Solomon revealed on Wednesday.
For significant service to the mining industry through executive roles in the resources sector, and as a role model and mentor to women.
We want inclusive workplaces where all are welcome and feel included. Regardless of colour, religion, sexual preferences or gender. Or, for that matter, even if you have a strange sense of humour, you still want to be accepted.
Sabina Shugg talks about receiving a Member of the Order of Australia as part of the 2015 Queen's Birthday honours list.
With the change in commodity prices affecting the mining sector globally, financial reporting on operations has become significant for companies as this has an impact on how mining companies strategise to keep their companies operational.
Against the backdrop of growing investor concern in Africa's mining sector, professional services firm KPMG will be hosting the Mining Executive forum on 9 and 10 September 2015.
Plummet goes the oil price, falling more than 50 percent since last year. Tapering due to efficiency measures and weakening economies in various regions like Asia and the US certainly helped this.
Mohammed Jada Tax Partner in R & D Tax and Incentives KPMG - Video
South Africa, which continues to be challenged to build a more robust and sustainable mining industry, is rolling out the red carpet today to reassure investors regarding opportunities in the sector.
Zambia’s decision to triple royalty rates on open pit mining from 6% to 20%.
THE annual Mining Indaba, which begins in Cape Town today, was an opportunity for South Africa to restore confidence among investors amid signs the country's mines minister had made a good initial impression, said BDLive.
Mixed perceptions around the importance of Cape Town’s Mining Indaba.
Despite the challenges of continued decline in commodity prices and the lack of return on investment, there remains a great opportunity on the continent for mining to grow, professional services firm KPMG South Africa CEO Moses Skosana said on Thursday.
A recent survey revealed that major global mining companies had suffered impairment losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle.
The ‘Mining Financial Reporting Survey 2014’ by KPMG has revealed that major global mining companies have suffered losses of $70-billion in 2013/14, reflecting the impact of the current low commodity price cycle.
The major global mining companies surveyed by KPMG’s Mining Financial Reporting Survey 2014 reported an impairment loss of $70 billion in the 2013/2014 financial year — signaling the impact of the low commodity price cycle currently being experienced.
The 25 largest mining companies recorded a $70bn loss on impairments in 2013/14.
The falling commodity prices have had significant impact on the global economy both at a macro and microl level, in this respect there has been concern that the oil and gas industry has developed faster than legislation.
Delays in the development of potential oil and gas projects owing to the sharp downturn in oil and gas prices could potentially lead to a cutback in reforms and regulatory processes and cause the urgency to create an attractive investment destination for oil and gas players to diminish.
As mining industry bigwigs meet in Cape Town this week to talk investment in Africa, there is a palpable sense of what are politely being called “challenging times.
According to KPMG Africa's extractive industries have more to offer investors. Joining CNBC Africa is Robbie Cheadle, associate director of mergers and acquisitions advisory services at KPMG in South Africa.
Is the mining industry ready to invest in electric vehicles on a large scale?
The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets.
Amidst the challenges facing South Africa’s gold sector, the country remains a significant player in the international gold market, echoes Daniel Hooijer, gold commodity lead partner for KPMG in South Africa.
A drop in gold recycling and limited production growth by mining compa- nies were the main contributors to the drop in supply of the precious metal during 2013, says professional service firm KPMG gold commodity lead partner Daniel Hooijer.
The heady days of the resources investment boom are long gone, but KPMG Australia thinks there’s plenty of life left in the sector after agreeing to buy Perth-based resources management consultants Momentum Partners.
The wealth of data available to companies can quickly outstrip their ability to deal with it: KPMG has been focusing on developing solutions to utilise information in a meaningful manner, to help costs and develop an integrated approach to operations
The AMCU strike at three of South Africa’s top platinum producers is likely to dominate the debate at the Mining Indaba from 3 to 6 February in Cape Town.
Underdeveloped infrastructure and infrastructure spending deficit remains a major obstacle to growth for Africa and this could not be truer than for the mining sector plagued by insufficient pit-to-port infrastructure.
Improved dialogue and effective implementation of the national infrastructure development plan could position South Africa’s mining sector to capitalise on the next growth super cycle, say stakeholders
As stakeholders sit down to resolve the current impasse among platinum producers, workers and the Association of Mineworkers and Construction Union (AMCU), KPMG on Monday reiterated the need for improved dialogue.
As mining companies attempt to manage their asset life cycle in this new landscape, their three main strategic priorities are growth, performance and compliance.
Over the past four years, KPMG firms have successfully emerged as a leading force in mid cap M&A, having built up a significant network of local M&A teams and investment banking professionals, hired from major investment banks around the world.
Disappointing returns over the previous commodity supercycle have resulted in declining investor confidence in the global mining industry, subsequently reducing capital inflows and negatively impacting on the African mining industry, professional services firm KPMG global head of mining Wayne Jansen tells Mining Weekly.