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SD-GOLD ranks 24th in 40 of world’s largest mining companies
Recently, the Price Waterhouse Coopers (PWC) issued the Mine 2017, in which 40 of the world’s largest mining companies were listed on the basis of calculation of market value on December 31, 2016. SD-GOLD ranked 24th in the list by virtue of its excellent performance, rising 14 places compared with the previous year and ranking 2nd of 11 Chinese mining listed companies in the list, preceding only by China Shenhua.
This is the 14th time for PWC releasing the global mining report, in which PWC analyzes 40 listed mining companies with largest market value, covering the financial conditions from April 1, 2015 to December 31, 2016. The global mining industry of 2016 rebounded from the recession of 2015 featured with commodity price rising rapidly and estimate value of world’s top 40 mining companies rebounding. Total revenue of the top 40 mining companies is USD496 billion, increased by 1% compared with USD4910 billion of previous year; total EBITDA amounts to USD107 billion compared with USD92 billion in previous year. The report shows that up to December 31, 2016, total market value of top 40 mining companies is increased by 46% compared with the same period of last year, while the threshold for being on the list remains USD4.5 billion and the number of Chinese companies on the list drops to 11 from 12 of last year.
Furthermore, SD-GOLD ranks 1635th on the list of “top 2,000 of world’s enterprises in 2017”released by Forbs and ranks 6th among the China’s non-ferrous metal companies on the list. The list ranks the enterprises mainly referring to the operation revenue, profits, assets and market value, in which the market value is calculated from the closing price on April 7, 2017.