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: 932 (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
Fenasucro
Future Fuel consolidates Brazilian pioneering role and b...
20/05/26
Partnership
Radix partners with Repsol Sinopec Brasil and PUCRS to c...
20/05/26
Communication
The behind-the-scenes story of communication and adverti...
20/05/26
Result
Total oil production under production-sharing regime hit...
20/05/26
BOGE2026
Global geopolitics’ impact on the local oil sector to be...
19/05/26
International Women's Day
IBP celebrates International Women at Sea Day and reinfo...
19/05/26
Pre-Salt
Mero Field in the Santos Basin Pre-Salt Receives Unprece...
14/05/26
Results
Petrobras reports net profit of R$ 32.7 billion in the f...
14/05/26
Partnership
Halliburton and Shape Digital establish strategic collab...
06/05/26
ROG.e 2026
ROG.e 2026 will bring together CEOs from TotalEnergies, ...
06/05/26
International
At OTC Houston 2026, Firjan SENAI SESI expands its reach...
06/05/26
International
At OTC Houston 2026, Firjan SENAI holds international ed...
04/05/26
Recognition
BRAVA Energia receives top global industry award for Atl...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
04/05/26
Pre-Salt
PPSA closes 2025 with a net profit of R$ 30.1 million
04/05/26
Results
With 5.531 million boe/d, Brazil continues with record o...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
02/05/26
Environment
Brazil appears among world's largest methane emitters in...
30/04/26
PPSA
Federal Government receives R$ 917.32 million from Tupi ...
07/04/26
Study
Brazil increases dependence on thermal power, but lack o...
07/04/26
Permanent Offer
Permanent Production Sharing Offer (OPP): ANP publishes ...
07/04/26
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.