Global Capital Confidence Barometer - Mining & Metals
This survey gauges corporate confidence in the economic outlook and identifies boardroom trends and practices in the way mining companies manage their capital agendas.
Global mining and metals tax survey
Our survey offers insights into the challenges facing tax directors, with dramatic changes in the mining and metals space.
Proposed amendments to IFRS 11 Joint Arrangements
This edition of IFRS Developments summarizes the proposed changes to IFRS 11 Joint Arrangements and explores potential implications for mining & metals entities.
Global mining & metals transactions:
2012 trends, 2013 outlook
As traditional sources of capital and M&A contracted, a new investor class emerged. Our report explores the 2012 trends and outlook for 2013.
Mining services: mind the funding gap
With the fall in commodity prices, slowing project work and equity market weakness, we examine the outlook for the 84 ASX listed mining services companies.
Global Steel Report – 2011 trends, 2012 outlook
Growth in steelmaking capacity still exceeds demand, with significant over-capacity putting pressure on operators’ profitability. We explore the challenges and growth opportunities.
Refining IFRS: spin-off transactions
In this issue, we explore some of the financial reporting challenges and the key areas of judgement for mining & metals entities.
African Mining Investment Environment Survey 2011
As Africa embarks on its growth trajectory, the value that lies beneath will be unlocked by investors who understand the environment. Get the facts.
Mining Eye
Get insights from our weekly share index that tracks the combined performance of the top twenty mining companies on AIM by market weight.

Mining & Metals

Mining and metals

With a strong but volatile outlook for the sector, the global mining and metals industry is focused on future growth through expanded production, without losing sight of operational efficiency and cost optimization.

The sector is also faced with the increased challenges of changing expectations in the maintenance of its social license to operate, skills shortages, effectively executing capital projects and meeting government revenue expectations.

Ernst & Young’s Global Mining & Metals Center brings together a team of professionals to develop practical alternatives, provide tailored solutions to the issues you face and help you achieve your potential. Our international team of over 2,000 mining and metals specialists offers industry insight and support in more than 144 countries.

Business risks facing the mining and metals sector

Mining and metals businesses face risks that are becoming more extreme and more complex, with resource nationalism, skills shortage and infrastructure as the top three, and sharing the benefits as the newcomer.

While the demand outlook remains strong, the price peaks have passed so there is a much greater imperative for mining and metals companies to remain nimble and sure-footed in how they manage these fast-changing risks.

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Fraud and corruption in mining and metals (690 KB)

Major trends in transactions and financing

Balance sheets are strong overall, with many companies facing the dilemma of how best to utilize their capital – buy, build or return?

We can help you to make better and more informed decisions about how to strategically manage your capital and transactions.

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Competing for growth in the steel sector

Growth in steelmaking capacity still exceeds demand, with significant over-capacity putting pressure on operators’ profitability.

Significant challenges in today’s global steel sector include:

a shift to emerging markets
rowth in market volatility and margin pressure
lack of operational agility
a need for business models to evolve

We work with steelmakers to tackle the significant challenges facing this sector and examine how our clients can best compete for growth.

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Resource nationalism

Resource nationalism is one of top risks facing mining and metals companies in recent years and the issue seems to be picking up pace as governments aim to transfer even more value from the mining and metals sector.

Many governments around the world have now gone beyond taxation in seeking a greater take from the sector, with a wave of requirements introduced such as mandated in-country beneficiation, additional export levies and limits on foreign ownership.

We closely follow developments in resource nationalism, analyzing how they affect our mining and metals clients and what they can do to counter the risk.

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Unique issues faced by mining and metals companies applying IFRS

The «Refining IFRS» series aims to examine the complex, but unique, issues faced by mining and metals companies applying IFRS.

These publications focus on recent and current developments in the global mining and metals marketplace.

You may also benefit from our Good Mining Guide, an illustrative set of consolidated financial statements prepared in accordance with International Financial Reporting Standards (IFRS) for Good Mining (International) Limited (Good Mining), a fictitious group of mining companies.

Good Mining specifically focuses on IFRS issues and the relevant disclosures as they relate to the mining and metals sector.

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