Tracking the trends 2009: top 10 issues in mining
The financial crisis that came to define the latter half of 2008 brought unprecedented uncertainty and turmoil. While no strangers to cycles of boom and bust mining companies did not foresee the liquidity crisis that pushed economies into recession and devastated commodity price levels after a series of record highs.
Tracking the trends 2009 is a summary report that identifies the ten most pressing global challenges facing the mining industry in 2009 and offers thoughts and strategic advice toward addressing them. From volatile markets and operating cost pressures to regulatory compliance and carbon permitting, the report is intended to help executives chart their companies’ courses over the coming months.
One thing seems clear: many of the industry’s underlying fundamentals are essentially unchanged. As stockpiles fall, global demand may still outstrip supply. Material and talent shortages still abound even if there have been reverses in some pockets of the industry. Companies must also continue to contend with the rising costs of regulatory compliance and sustainable development in an environment of heightened scrutiny. And while some companies may be in a position to pursue global diversification to resolve some of these challenges, political and regulatory instability in many developing nations continues to raise the stakes of expansion.
There is neither a magic bullet nor a one-size-fits-all solution to the challenges mining companies face. But there is opportunity. Between managing costs, mitigating shortages, reducing risk, streamlining consolidation and improving compliance, the mining sector can continue laying the foundation for growth despite current economic conditions.
To read in full download Tracking the trends 2009 below
For more information, please read the Deloitte press release, Mining sector: the top 10 issues for 2009 according to Deloitte.
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