Ernst & Young Industries Mining and Metals - Ernst & Young - Japan

Rare earth elements are critical in the production of a variety of high tech and green energy technologies. The report looks at market fundamentals, how they are different from other mined commodities, and how it shapes the opportunities and challenges associated with restoring and growing the rare earths industry outside of China.

The US Financial Reform Bill or Dodd-Frank Act includes specific provisions that affect the mining and metals industry, including disclosure of government payments for natural resource extraction special reporting for companies that use or consume certain “conflict minerals” that may be produced in the Democratic Republic of the Congo (DRC) and surrounding countries. The legislation also provides for specific reporting of US mine safety violations.

Extractive industries have historically featured significantly in bribery prosecutions, and the new guidance issued in the UK emphasises the Board level responsibility for this issue, which should attract the attention of board members across the mining and metals sector.

Ernst & Young’s series on mining companies listed on global exchanges provides an overview of the top 100 mining companies listed by capitalization. We examine the size and scale of the companies, as well as their commodities, financial health and future prospects.
Papers available include:

• ASX miners - pausing for breath
• AIM miners - survival of the fittest
• TSX miners - Canada’s mining and metals industry is on the rise

Prepared in accordance with IFRS, Good Mining is an illustrative set of consolidated financial statements for a fictitious company named Good Mining. This report, for the year ended 31 December 2010, specifically focuses on the mining sector and is complementary to the Good Company illustrative financial report.

Fourteen raw mineral materials have been identified as being critical to European industry. What are the supply risks for consumers and producers of these minerals? Our report assesses the European mining and metals ability to respond to this supply chain challenge.

To meet rising metals demand, companies are operating in territories that are increasing their exposure to corruption. Companies are also dealing more and more with fraud, due to scaled back control measures put in place since the financial crisis. See which indicators will help you detect and prevent fraudulent and corrupt practices.