Mining Investors Demand Sustainable Cost Reductions, PwC Says

Investors are demanding the world’s biggest mining companies produce sustainable cost reductions and not just defer spending after the industry’s profit fell to the lowest in a decade, PricewaterhouseCoopers LLP said.

The 40 largest miners “have acted on short-term cost reduction strategies but stakeholders are watching to ensure that results were not simply achieved from deferring spending,” the firm said in a report. “Mining companies have historically found sustained productivity improvement to be difficult.”