High costs, rising investment hit 2024 profits of top 40 global mining companies
Globally, the mining sector – except the gold industry – had a challenging 2024, with declining revenues and earnings before interest, taxes, depreciation and amortisation (Ebitda) as the industry grappled with rising costs and tightening margins. During 2024, revenue, excluding trading, declined to $689-billion, from $697-billion in 2023, while Ebitda decreased 5% to $193-billion, from $204-billion in 2023, and net profit remained at $92-billion.
Globally, the mining sector – except the gold industry – had a challenging 2024, with declining revenues and earnings before interest, taxes, depreciation and amortisation (Ebitda) as the industry grappled with rising costs and tightening margins. During 2024, revenue, excluding trading, declined to $689-billion, from $697-billion in 2023, while Ebitda decreased 5% to $193-billion, from $204-billion in 2023, and net profit remained at $92-billion.
