Market

PWC says mining sector looking to joint ventures to lower risk

Companies need to continue finding ways to grow.

Valor Econômico
24/04/2014 15:16
Visualizações: 931 (0) (0) (0) (0)

 

PWC says mining sector looking to joint ventures to lower risk
After a year of accounting write-downs, cost cutting, internal adjustments and asset sales, the global mining sector will go through a period of collaboration among companies, according to PriceWaterHouseCoopers’ chief executive for the mining sector, John Gravelle.  Mr. Gravelle, who spoke in an interview with Valor, says that recent discussions among executives in the sector have shown that companies have been increasingly opting for joint ventures to finance their projects.  
“There’s an idea of ‘not assuming risks’ across the entire mining sector,” he says. “Still, companies need to continue finding ways to grow and guarantee their future.”  Mr. Gravelle notes projects for nickel, platinum, copper and gold have recently spurred promising joint ventures in North and South America, and that such operations should make attractive bets for investors with available funds on hand, especially from Asia. 
Although metals commodities prices have been low, the executive expects that continuing development in countries regions like China, India and Africa will contribute to an acceleration of demand for the sector in coming years.  

After a year of accounting write-downs, cost cutting, internal adjustments and asset sales, the global mining sector will go through a period of collaboration among companies, according to PriceWaterHouseCoopers’ chief executive for the mining sector, John Gravelle.  Mr. Gravelle, who spoke in an interview with Valor, says that recent discussions among executives in the sector have shown that companies have been increasingly opting for joint ventures to finance their projects.  


“There’s an idea of ‘not assuming risks’ across the entire mining sector,” he says. “Still, companies need to continue finding ways to grow and guarantee their future.”  Mr. Gravelle notes projects for nickel, platinum, copper and gold have recently spurred promising joint ventures in North and South America, and that such operations should make attractive bets for investors with available funds on hand, especially from Asia. 


Although metals commodities prices have been low, the executive expects that continuing development in countries regions like China, India and Africa will contribute to an acceleration of demand for the sector in coming years.  

 

Most Read Today
see see
BOGE2026
Smart Control Gains Prominence at Bahia Oil & Gas Energy...
09/06/26
BOGE2026
Bahia Oil & Gas Energy Concludes Historic Edition and Se...
06/06/26
Branded Content
Boaventura Energy Complex drives Brazil’s energy future ...
06/06/26
BOGE2026
Mayekawa do Brasil present at Bahia Oil & Gas Energy
06/06/26
BOGE2026
Benel Marks Presence at Bahia Oil & Gas Energy and Annou...
02/06/26
BOGE2026
Bahiagás Highlights Bahia’s Leading Role in the Energy T...
30/05/26
Investments
Petrobras Announces Investments of More Than R$ 70 Billi...
30/05/26
BOGE2026
Oil States Reinforces Commitment to Innovation and Opera...
29/05/26
BOGE2026
PetroReconcavo Discusses the Future of Oil and Gas at Ba...
29/05/26
BOGE2026
Lumina Group Makes Its Presence Felt at Bahia Oil & Gas ...
29/05/26
BOGE2026
Bahia Brings Together Industry, Innovation, and Business...
28/05/26
Royalties
Amounts related to March production for concession and t...
28/05/26
BOGE2026
Oil & Gas Expansion Boosts Demand for Industrial Waste T...
28/05/26
BOGE2026
BRAVA Energia Marks Presence at Bahia Oil & Gas Energy 2...
27/05/26
IBP
Brazil Can Expand Its Prominence as a Global Energy Supp...
27/05/26
Investments
Petrobras and Transpetro announce R$ 2.8 billion in inve...
27/05/26
International Company News
Jumbo orders a new class of versatile heavy lift vessels
27/05/26
BOGE2026
The Largest Oil and Gas Event in the North and Northeast...
25/05/26
BOGE2026
With production on the rise, independent players lead di...
25/05/26
ANP
ANP Workshop Debates Boosting Oil and Gas Exploration in...
25/05/26
BOGE2026
ANP participates in Bahia Oil & Gas Energy 2026, in Salvador
25/05/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.