PwC Sees Mining CEO Bonuses under Pressure, Reports

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Average total cash compensation declines.

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Big4, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers PwC reports that according to the 2012 Mining Industry Salary Survey by Coopers Consulting and PwC, Canadian mining company CEOs saw their average total cash compensation decline in 2012. reports that the average annual base salary for Canadian mining CEOs was $490,000 in 2012, almost unchanged from $486,000 in 2011. Meanwhile the average annual CEO bonus paid in 2012 dropped 31% to $370,000 from the $540,000 reported in 2011. also notes in 2012, across the full range of salaried staff positions found at a mine site, over 80% of positions continue to be eligible for some form of incentive plan, such as an annual cash bonus, gainshare plan or productivity improvement plans. This is a significant change compared to ten years ago when eligibility hovered at only 59%.

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Kristy Short
(734) 481-0186

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