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Research:
Research
31 Jan 2023
10 minute read

Tracking the trends 2023

The indispensable role of mining and metals

Tracking the trends 2023
19 MB PDF

The top 10 issues shaping the future of mining

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.

This year, Tracking the trends highlights 10 trends that show the indispensable value that the mining and metals sector can deliver. In each of these 10 trends, our global network of mining and metals professionals offer their expertise, insights, and examples of how mining and metals organizations can not only gain a competitive advantage but make a positive difference in the world.

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

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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.

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

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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.

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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.

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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.

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

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

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

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What lies ahead for the mining industry in 2022?Explore the top 10 trends that will shape the industry in the next 12-18 months.

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  • Read the 2023 press release

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