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Tracking the trends 2023

The indispensable role of mining and metals

The products of the mining and metals industry support and enable many sectors globally, from civil infrastructure to transport, and from technology to agriculture. As the energy transition accelerates, the demand for metals and minerals will grow. The mining and metals sector is well placed to positively influence social, environmental and economic development by creating a healthy, regenerative ecosystem inclusive of people, planet and industry.

Valuing nature: generating a strategic advantage through natural capital

Mining companies should work to integrate nature, and environmental, social and governance (ESG) targets into strategies, operations and project valuations.

 

Conscious circularity: the role of mining in a circular economy

Adopting circular principles could help companies generate competitive advantage through lower costs, fewer regulatory constraints, better ESG scores and securing a social license to operate.

Making change more holistic: using systems thinking to drive next-level operational excellence

In a complex global world, systems thinking could help mining companies see the bigger picture and understand macro-level disruptions such as climate change, while also showing how micro-level changes in companies or operations could contribute to large scale improvements.

Collaborate, incubate, accelerate: speeding successful innovation for greater value

Companies of all types can collaborate to tackle problems, such as decarbonization, that transcend the capability of any one organization.

The power of cloud: building an industry that thrives through change

Cloud computing could help mining and metals companies accelerate technological innovation during times of disruption.

Future-proofing mining and metal supply chains: using a cyber lens to build resilience

By taking a fresh look at risk and fortifying their own supply chains, mining and metals companies could help safeguard global raw material supplies, support other important industries, and enable continued societal progress.

Rethinking external talent pathways: solving complex workforce challenges through collaborative solutioning

Bringing together stakeholders across various parts of the mining and metals ecosystem, from governance to educational entities and private bodies, may help to shape a multifaceted solution to talent sourcing and have long-term, sustainable impacts on the workforce.

Layering safety for greater sustainability: making workforce health and safety fit for the future

When companies can provide both physical and psychological safety, production improvements, successful innovation, and provision of talent could follow.

Transparency equals trust: using tax and economic contribution reporting to change perceptions of mining

Voluntary transparency reporting demonstrates value beyond compliance. This is vital to changing the sometimes negative perceptions of mining and metals companies, particularly with local communities. 

Driving down embodied carbon in metals: supporting the decarbonization of economies

Value chain decarbonization is one of the biggest challenges that the sector faces. Many mining and metals organizations are forming partnerships with downstream companies to develop and accelerate breakthrough cleantech.

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