Traditionally, companies in the global metals and mining sector have viewed energy as a necessary cost of doing business, an overhead item to be managed in line with the budget. But over the past several years, the very notion of energy has changed. Whether because of expense, unreliable supply, or environmental concerns, traditional sources are no longer a simple answer. Today, companies are presented with more options. Choice is certainly good, but it also requires that companies shift their thinking and begin to consider energy not as an expense but as an asset, one that can be managed strategically to create shareholder value and competitive advantage.
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