Global mining market value evaporated

Since 2011, a record high, due to the collapse of the price of mineral products, the market value of the global energy mining companies have lost $. The mining company's market value fell by 73%, oil and gas company's market capitalisation fell 49%.

This round of decline will continue how long, long time to digest the metal, coal and iron ore inventory, becoming the focus of attention of the 2016 South African mining conference. The meeting attracted more than 6000 representatives from around the world to participate, including corporate executives, bankers, brokers, analysts and reporters. The following are the results of their conclusions.

The worst is yet to come?

Anglo American group CEO Mark Cutifani (Cutifani Mark) believes that 2016 is not necessarily the worst year, ore prices are likely to fall for a long time, the Anglo American group has a good summer to the east of the preparation.

Cutifani said that since 33 months ago, he served as the Anglo American group company CEO, the company's income at a rate of $per month decline.

Suffering or exercise?

Mining industry has been divided into two extremes: part of the suffering in the struggle, while the other part has been out of the downward trend, ready to meet the next round of prosperity.

A former boss of Rio Tinto, the Vedanta Resources PLC (Vedanta Resources) CEO's, Tom Albanese) can not determine at present is not the bottom. Mr Albanese told Bloomberg Television Interview, said Vedanta and other counterparts, now in debt, and now a good business future rebound soon.

oversupply

All mineral products, from iron ore to copper excess is a major challenge facing the current mining. Global economic recovery is slow to lead to excess metal. Mine after the closure of the cost of the environment has also made it difficult to stop production, mining downstream time stretched.

BHP Billiton split South32 CEO Graham Kerr (Graham Kerr said that excess supply of most of mineral products, mining industry needs a long time to adjust, can meet the needs of sustainable development in the future.

Gold, a few bright spots

Gold is the best performance this year, the mineral company has brought some hope. Gold's safe haven properties have made it free from industrial metals and commodities.

Randgold resources (randgold resources) CEO Mark Bristow mark Bristow said that global economic trend is unknown, a surge in the price of gold investors buying spree physical gold and gold shares. This year, the RAND gold company stock price has risen by 40%.

Gold's South Africa is the largest gold producer Sibanye (sibanye gold) CEO Neil, Fulangneiman (Neil Froneman) said, gold strong, gold companies looking to do deals.

Mergers and acquisitions will emerge

Furlong Neiman believes that the timing of mergers and acquisitions of gold companies have matured, this opportunity is not always there, but only once every 15-20 years.

Ore prices fell to force mineral company to sell quality is not high in the mining and refining plant. South Africa's Mineral Resources Minister revealed that the Anglo American group is selling half of its assets in the next two weeks could announce the sale of its coal assets in South africa.

British law firm (Berwin Leighton Paisner Bowen) believes that private Holdings Company is considering shot. Private equity deals will rise sharply, as mining giants save cash and assets that are not needed. 2015, private equity transactions in the mining industry amounted to $3 billion 200 million.

Stock flooding

Blackstone fund investment in natural resources director evy Hambro (evy Hambro believes that in order to keep the debt balance sheet, mining company will sell a large amount of stock, then there will be awash with stock.