Deloitte just released an outstanding report, Tracking the Trends 2012, on the top 10 issues mining companies may face in the coming year. Some of the top challenges include rising capital costs, commodity price chaos, government taxes, and growing labor shortages. Many of these issues have a familiar ring. However, the Deloitte reports warns that: “The factors influencing the global mining industry are moving to a new level of extremity.”
The report is full of practical suggestions to tackle the top challenges, including new strategies to:
- Bring costs under control
- Manage commodity price volatility
- Improve capital project management
- Attract financing
- Mitigate the risks of diversification and
- Plan for unforeseeable amid greater volatility
Other key takeaways include:
- Many opportunities remain to use automation as a tool to fight cost inflation
- Improved forecasting is needed to handle greater commodity price volatility
- Key challenges have reached a new level of extremity and require improved collaboration across the entire global enterprise
Vale, Rio Tinto, American Anglo, and many other leading mining companies are fostering improved collaboration by using Triple Point’s end-to-end mining software solution, QMASTOR Pit-to-Port, to provide an integrated view of their global supply chain. This enables them to improve operations and maximize profit through efficient use of resources. What are you doing to ensure consistent practices and communication across your entire global enterprise? Could an integrated view of your mining operations drive profits to a new level in 2012 and beyond?
Read the full Deloitte report.