Tracking the trends 2012
The top 10 trends mining companies may face in the coming year
While the issues facing mining companies appear familiar year-to-year, the factors influencing the industry are moving to a new level of extremity. Amid constant commodity price gyrations and a widening talent gap, costs associated with wages, taxes and capital investments have reached new peaks. As miners expand to farther reaches of the world, they also face heightened levels of community involvement and environmental oversight — particularly as extreme weather events continue to take a toll, concerns around water mount and volatility across the industry rises.
To help mining companies manage these risks, Deloitte’s global network of mining professionals identified ten of the top trends emerging in the sector. This fourth annual report, Tracking the trends 2012, reviews the challenges industry stakeholders must address and suggests alternatives miners can adopt in response.
Suggestions run the gamut and include strategies to bring costs under control, manage commodity price volatility, enhance corporate social responsibility, bridge the talent gap, improve capital project management, attract financing, mitigate the risks of diversification and plan for unforeseeable events amid greater volatility. It also lays out a framework for improved collaboration as a way to streamline global operations, vault regulatory hurdles and strengthen both government and community relations.
Download Tracking the trends 2012 today to gain insight into leading industry practices, a perspective on emerging mining industry trends and valuable guidance to help you validate your strategic direction in the year to come.