Deloitte: Top 10 Issues For Miners in 2015

Deloitte has released its 2015 edition of Tracking the trends, which takes a look at issues miners will face over the next year. The report acknowledged that mining companies continue to face tough market conditions, but stated that embracing longer term thinking and getting back to basics to “clarify what they stand for,” could help companies face those challenges.

As quoted in the press release:

There is no doubt that mining companies operate in complex geographies where they face increasing challenges in responding to regulatory and compliance requirements. At the same time, they have an imperative to adapt to changing market conditions while adopting new innovations as they seek to produce more for less cost. These conditions remain regardless of whether we are in a downturn, or a recovering market.

The issues identified in Deloitte’s report included:

• Back to basics – The pursuit of operational excellence
• Innovation is the new key to survival—It’s about more than cost control
• The new energy paradigm—Reducing power project costs
• Dwindling project pipelines—Walking the supply/demand tightrope
• Financing’s great disappearing act—The implications reverberate across the market
• Survival of the juniors—Navigating troubled waters
• Seeking new skillsets—Shifting industry realities for a new generation of talent
• Riding the waves of geopolitical uncertainty—From best guess planning to embracing uncertainty
• Rising stakes around stakeholder engagement—Companies struggle to balance competing interests
• Engaging with government—Finding new ways to communicate and collaborate

Click here to read the full press release from Deloitte.