Key View Covid-19 will bring rising risks of a change in mining regulations towards higher royalties and taxes on miners, as the pandemic will heighten political risks and strain ... Australia in particular stands out amongst the top performers, second highest in our index, due to its Mining Industry Value to GDP ratio of 10.4%, nearly in line ...Web

Commodity price risk remains the top risk the industry faces, while the new addition of global pandemic risk at number two is unsurprising. Economic downturn and uncertainty rounds-out the top three, reflecting …Web

Latin America emerges as a key resource nationalism hotspot. Resource nationalism has long been a concern for the mining industry. When prices rise, such as last year, so do government and societal demands. Yet a notable change in 2021 was the increase in ESG-related nationalism, with an expectation for miners to maintain a social license to ...Web

Green recovery packages from governments and the global green infrastructure investment drive will act as double-edged swords for the metals and mining industry, boosting demand and prices of certain metals while pressuring corporate strategy. Ultimately, companies with larger ESG risks will find it more difficult to attain financing, …Web

Like other economic sectors, the South African mining industry continues to face many headwinds, but it remains resilient. Some of the key challenges facing the industry which are not unique to South Africa include: geopolitical uncertainty; costs; productivity and environmental social governance considerations.Web

Africa Botswana Ghana Political and Country Risk. With the global economy on the brink of recession, 2023 is set to be a challenging year across sub-Saharan Africa. Rising interest rates and runaway inflation have already sent Ghana into financial meltdown, and will put many other debt-burdened governments under greater stress this year.Web

Nothing indicates this will abate. In fact, global mining executives have ranked ESG as the top industry risk for 2022. While climate action has taken centre stage, awareness of social ...Web

Analysis: Top 10 risks and opportunities 1. Environmental, social and governance (ESG) Many of the ESG risks raised in our survey this year are not new, but …Web

Mining, Metals & Minerals Industry Landscape The industry is feeling the impact & continuing to look for cost effective ... a risk transfer mechanism is unable to be implemented if the risk is unknown. Key is to develop & implement an Enterprise Risk Management approach in accordance with the company size, strategic objectives, culture ...Web

Optimizing from market to mine. The global pandemic has accelerated an industry shift to data, automation and AI. The mining and metals sector needs to overcome stubborn resistance to modernization by embracing cross-functional collaboration, integration of big data and, above all, charting a proper path to experimentation and rapid …Web

The nature of these risks can be classified into: financial; regulatory; operational; and geopolitical. Mining companies who fail to address these risks effectively face greater risk exposure and are more likely to be impacted by supply disruptions. Mining companies today face challenges on several fronts when it comes to addressing supply riskWeb

The share of mining industry in world GDP is about one third (about $10 trillion), and the indicators for the structure of the economically active population are 1/5, that is, about 17% of the world's population. The mining industry has always been associated with major investments and a high level of risk, and this is due to its specifics.Web

Meanwhile, an increasingly uncertain world weighs on mining executives' considerations when assessing the risk landscape. In 2022, global instability abounds, whether driven by rising geopolitical tensions, genuine conflict, or sector-wide energy transition. This instability will drive volatility in prices.Web

Rather than focusing on complex risks in isolation, we should examine the connections between forces of influence and control. These forces are broadly divided into 'proximate' and 'remote', and provide a way to navigate the future challenges facing the industry. The 16 th edition of the World Economic Forum's Global Risks Report ...Web

It's not surprising then that the top three risks and opportunities this year for the mining and metals sector are: environment and social; decarbonization; and license …Web

Once a pariah, the mining industry is now very active in the sustainability space and played a key role in the development of the SDGs. In this paper, we first examine two key texts in evolving institutional frameworks: the Mining, Minerals and Sustainable Development (MMSD) Project and the recent Mapping Mining to the SDGs, highlighting …Web

D isruption is fast reshaping the mining and metals sector's perception of where the biggest challenges – and paths to growth – may lie, according to our annual review of risks and opportunities in the global mining and metals sector (pdf).The climate crisis and rising stakeholder expectations are increasingly significant forces of change. …Web

Mining Companies Assessment of key risks and processes for the Energy Sector Our experience in the Energy sector is presented into 6 categories below. Eachcategory has its unique challenges to the businessand resulting risks. Thekeysrisks identified are from industry risk sensingand through interactions with our clients. To address the key ...Web

Miners should take time to redefine their risk appetite, identify gaps in their risk and control framework, and ensure their risk management methodology covers strategic, …Web

1. Remote possibilities enabled by digitalization. 3. Collaboration is key to drive the change. plays into another of the key trends impacting mining in 2022 and beyond: collaboration. There is an increasing recognition that industry-wide sustainability and productivity goals cannot be achieved alone. Collaboration across the supply chain ...Web

Past events in the mining industry. Cyber-attack cases in the mining industry have been reported as far back as 2010 3. It was alleged that mining giants BHP, Rio Tinto and Fortescue were victims to corporate espionage from hackers. Financial loss is a key consideration for mining companies when it comes to cyber-attacks.Web

Key Challenges Facing South African Mining. Trade risk. South Africa ranks in the top 20 of most carbon-intensive global economies on an emissions-per-GDP basis. Indirect electricity-use-related emissions (Scope 2) make up the bulk (~77%) of total Scope 1 and Scope 2 emissions in the mining sector.Web

In December 2022 at the US-Africa Leaders' summit in Washington, Ghana accused neighbouring Burkina Faso of having contracted Wagner in exchange for a mining concession, dangerously close to Ghana's border. The growing hold of the Wagner group over African countries is a risk for western companies already operating in those areas.Web

The COVID-19 crisis has exposed the siloed nature of mining companies and highlighted the need for integrated operations. This is likely to accelerate the adoption of digital technologies, artificial intelligence, and analytics in the mining industry. We examine what future mining jobs will be like in intelligent, integrated operations.Web

The Big Picture: 2023 Metals and Mining Industry Outlook Download Full Report. This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global. As 2023 approaches, we examine some of the key challenges, opportunities and trends facing the global metals …Web

The mining and metals companies need to surmount various challenges, including meeting rising ESG and social expectations, transitioning towards low-carbon value chains, among others, to fully leverage the potential of the sector. Minerals are non-renewable and limited natural resources that constitute vital raw materials in numerous …Web

ESG issues named as two of the top three global mining risks; ... "The world is increasingly recognising the importance of the mining sector as a key element in securing the future. Given the global COVID-19 pandemic impacts have receded, it is notable that the top risks facing the mining industry generally come from outside rather than ...Web

Mining activities have always raised environmental and social concerns due to their impact on natural resources and people. During the last decade, the stakeholder base expected to respond to these sustainability concerns has broadened from directly involved parties to a range of indirect stakeholders along the downstream mineral value …Web

related macroeconomic risks are front of mind for mining executives. This is leading the industry players to focus on their own house, getting the basics in order and reducing costs or looking at technology to drive growth, productivity, and greater efficiency. Equally noteworthy is the challenge for capital. In the past,Web

Top 10 risks for the mining industry 01: Environmental risks including new regulations. The non-stop rise of ESG is reflected in environmental risks jumping... 02: Commodity price risk. Falling from top …Web

01: License to Operate... LTO remains the key issue for miners. The disruption of 2020 has reshuffled rankings, but license to operate (LTO) remains the number one issue for miners, with 63% of EY's survey respondents flagging it as a top three risk. EY expect the issue to become even more important as stakeholders broaden and develop a ...Web

industry has invested substantially in controls to prevent and detect risk, but there is more work to be done in order to make risk a part of everyone's daily job. This paper identifies eight key drivers of value from strategy through to sustainability and examines the risks inherent in each of these areas. If mining businesses are to safeguardWeb

Most states have comprehensive environmental regulations for the mining industry. Federal regulations aimed directly at the mining industry have not yet been put into a place, but broad-based statutes such as the …Web

In our 2022 Mining & Metals market sentiment survey, 24 percent of respondents viewed ESG issues as the biggest threat, rising to approximately 40 percent when climate-related activism and regulation is …Web

top risks facing the mining industry generally come from outside rather than within. "Bread and butter" industry risks such as commodity prices, permitting risks and access to …Web