Productivity the Top Risk for Miners, EY Mining and Metals

Mineweb reported today on Ernst and Young’s annual report titled “Business risks facing mining and metals 2014-2015.” The report stated that productivity is now the top risk faced by miners.

As quoted in the publication:

The 2014 top 10 strategic business risks in the global mining and metal sector are: 1) productivity, 2) capital allocation and access, 3) social license to operate, 4) resource nationalism, 5) capital projects, 6) price and currency volatility, 7) infrastructure access, 8) sharing the benefits, 9) balancing talent needs, and 10) access to water and energy.

EY Global mining and Metals Leader Mike Elliot said:

Boards and CEOs are now realizing that regaining lost productivity and gaining new ground is critical for long-term profitability and requires a whole-of-business response. It’s transformational and takes a lateral and broad-thinking management to pull it off successfully.

Click here to read the full Mineweb article.