GineersNow Engineering Magazine November 2016 Issue No 009
GineersNow Engineering Magazine November 2016 Issue No 009 Caterpillar Inc: A look at the company's social impact. Exclusive interview with Jean Savace, Vice President and Chief Technology Officer of Caterpillar Inc. Exclusive: Mining industry, social good, philanthropy, CSR, social impact, social innovation. Special Feature Stories: HVACR, Oil & Gas, Construction, Heavy Equipment, Machinery, Tools, Civil Engineering, Mechanical, Electrical, Plumbing, MEP, Water, Wastewater, Renewables, Energy, Petroleum, Heavy Equipment, Rental Equipment, Contractors, EPC. Country Focus: United States, Canada, United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, United Kingdom, Singapore, Hong Kong, Philippines, Malaysia, Indonesia, India, Australia More engineering stories at https://www.gineersnow.com/topics/magazines
GineersNow Engineering Magazine November 2016 Issue No 009
Caterpillar Inc: A look at the company's social impact. Exclusive interview with Jean Savace, Vice President and Chief Technology Officer of Caterpillar Inc.
Exclusive: Mining industry, social good, philanthropy, CSR, social impact, social innovation.
Special Feature Stories: HVACR, Oil & Gas, Construction, Heavy Equipment, Machinery, Tools, Civil Engineering, Mechanical, Electrical, Plumbing, MEP, Water, Wastewater, Renewables, Energy, Petroleum, Heavy Equipment, Rental Equipment, Contractors, EPC.
Country Focus: United States, Canada, United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, United Kingdom, Singapore, Hong Kong, Philippines, Malaysia, Indonesia, India, Australia
More engineering stories at https://www.gineersnow.com/topics/magazines
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Photo by ProjectsIQ<br />
WORLD’S 40<br />
BIGGEST MINING<br />
COMPANIES<br />
Listed in PwC’s report called Mine<br />
2015 showed the largest mining<br />
companies in 2015. <strong>No</strong>t only<br />
that, the report also presented<br />
devastating statistics about the<br />
mining industry.<br />
Mine 2015 indicated that the<br />
top companies suffered their first<br />
collective net loss in history which<br />
accounts to $27 billion; a decline<br />
in collective market capitalization<br />
of 37%; the lowest return on<br />
capital ever; asset impairment<br />
totalling $53 billion; record high<br />
leverage of 46%, and operating<br />
expenditure cuts of $83 billion.<br />
The top 40 list is composed of<br />
re-entries, that moved up and<br />
down, and new entrants. The<br />
market capitalization threshold<br />
of the companies remained<br />
consistent at $4.5 despite the<br />
said declining statistics.<br />
Twelve Chinese companies are on<br />
the list and six are from Canada.<br />
Two notable companies that fell<br />
off the list are Canada’s First<br />
Quantum and Teck Resources.<br />
It’s not entirely bad news<br />
though, as there is a sector that<br />
had an increase in market value,<br />
which was the rare earths with<br />
the world's top producer of the<br />
17 elements jumping 23 places<br />
in the ranking.<br />
Here are the top 40 biggest<br />
mining companies as of 2015:<br />
72<br />
NOVEMBER <strong>2016</strong><br />
Mining <strong>Engineering</strong> and Its Importance
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