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

Navigating the mine field

With the prospect of a global economic slowdown, falling metals prices, increasing uncertainty about demand and tightening of capital markets, the global mining and metals industry is facing a new era of both challenges and opportunities.

Our Global Mining & Metals Center connects a team of over 1,000 mining and metals industry professionals, including geologists, mining engineers, mineral economists and metallurgists. At the Center, we use our wide experience of working with the world’s largest mining and metals companies to help you to address your key business issues.

This might involve helping you to overcome current sector issues such as rising costs, where we can help you to streamline operational and business processes and improve productivity on key profit drivers.

In this environment of increased sector consolidation, we can assist you with your divestment strategies and the realization of full value at exit. If you are looking to expand your operations to new regions, you can draw on our deep understanding of how to manage operational risks — both political and otherwise.

Read more about our services or visit the Global Mining & Metals Library for further related reading and thought leadership.

Mining and metals in adversity

Our latest paper examines whether things are really as bad as they seem for mining and metals companies and considers some of the potential changes that may have to take place in order for the sector to fully recover. Download Mining and metals in adversity (4 mb).

Global transactions - the year when cash was king

2008 was a year of two halves for mining and metals: The year started with dizzying optimism and ended with the collapse of commodity prices, causing the industry to become polarized between the haves and have-nots. This report, 2008: the year when cash was king (pdf, 189 kb) examines the challenges, issues and trends surrounding deal-making in the mining and metals sector last year. It includes an analysis of mergers and acquisitions, initial public offerings, bonds, loans and project finance.

Refining IFRS

Our "Refining IFRS" series aims to examine the complex, but unique, issues faced by mining and metals companies applying IFRS. The issues are considered in the context of recent and current developments in the global mining and metals marketplace.

Illustrative financial statements for Good Mining

This publication provides an illustrative set of consolidated financial statements, prepared in accordance with IFRS in issue at 31 December 2008, for Good Mining (International) Limited, (pdf, 441kb) a fictitious group of mining companies.

Operational risk in the mining sector: a competitive difference

This paper (pdf, 389kb) explores the strategies companies are adopting as they further develop their risk frameworks, including a risk culture, risk convergence, enterprise risk management and economic capital models.

Strategic business risk 2008/2009

The mining and metals sector is renowned for risk taking, which provides both challenges and opportunities.This paper considers the top 10 strategic business risks facing mining and metals companies (pdf, 399kb), including skills shortages, industry consolidation, climate change concerns and access to secure energy.

AIM and ASX miners - the bigger the better

These papers provide a brief overview of the AIM (pdf, 980kb) and ASX (pdf, 775kb) listed companies, and discuss the impact of the global financial crisis on the companies, the knock-on funding challenges and options available, as well as the opportunities that have arisen.

Exploring IFRS

Ernst & Young probes deeper into some of the issues mining companies will face under IFRS reporting, including financial statement and business impacts, the conversion approach and lessons learned from mining companies that have already transitioned to IFRS.

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Cover: Industry 360 Vol IV

 Industry 360º,
 Volume IV in print
 and online

The financial crisis. Climate change. IFRS. Read our points of view on these hot topics and more -- in print (4.6mb) or visit Industry 360° online.


Mining EYe and Mining EYesight series

Ernst & Young’s Mining Eye is a weekly share index tracking the combined performance of the top twenty mining companies on AIM by market weight. A quarterly report provides key analysis and commentary on these AIM listed Mining shares.

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