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These are the top 10 global mining trends for 2015 –

January 15, 2015

Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the global resources sector, the annual “tracking the trends” report by Deloitte shows.

As in the past years, the consultancy firm outlines the top 10 challenges, as well as the possible solutions to them, which can be summarized as:

The 10 trends and solutions identified in the report are:

  1. Back to basics: the pursuit of operational excellence – To heighten operational excellence, miners must re-think their traditional operational processes and consider their cultural approach to costs.
  2. Innovation is the new key to survival: it’s about more than just cost control – Miners must overcome their traditionally conservative tendencies by embedding innovation into corporate DNA; thinking big, testing small and scaling fast; leveraging emerging technologies; becoming part of an innovation ecosystem; and preparing for new operational realities.
  3. The new energy paradigm: reducing project power costs – Miners should consider a new approach to energy including the use of unconventional fossil fuels and gaining stakeholder buy-in for developing renewable energy facilities.

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