Original article by Peter Ker
The Australian Financial Review – Page: 17 : 5-Jun-18

The mining and construction sectors were a major contributor to the 5.9 per cent growth in the profits of Australian companies during the March quarter. However, data from PwC shows that the capital expenditure of the world’s 40 largest mining companies remains at its lowest level for a decade. Chris Dodd of PwC expects miners to continue to be cautious with regard to capital investment. Glencore CEO Ivan Glasenberg recently expressed a similar view.

CORPORATES
PRICEWATERHOUSECOOPERS AUSTRALIA (INTERNATIONAL) PTY LTD, GLENCORE PLC, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, AUSTRALIAN BUREAU OF STATISTICS