New Realities Facing the Mining and Metals Industry
20 July 2016
Working within the new realities in mining
Changing global geo-political and economic conditions have resulted in a dramatic slowdown in the resources sector. An imbalance between the supply and demand of commodities is forcing mining companies to focus on short-term demands, while attempting to maintain line of sight to their long-term business objectives.
With this as context, building a sustainable enterprise is paramount for survival. Companies are focused on decreasing unit costs and improving operational efficiencies. Successful, sustainable enterprises:
- Integrate life-cycle thinking into their existing assets to optimize the overall return on investment
- Actively engage with their stakeholders to develop and sustain a social license to operate
- Take a holistic view to mine planning and consider technical and non-technical factors in making decisions
- Have an overriding commitment to Health and Safety that is effectively integrated throughout the business
ERM understands the challenges and implications companies face in this sector. Having been deeply involved in the sector for many decades, ERM has successfully assisted clients to navigate through the multiple downturns companies have experienced. As a result, we can help you develop a clear strategy and associated tactics for your operations at Group, Division and Site levels.
Learn more about current trends and how ERM helps our mining and metals clients (513Kb PDF)