Tracking the trends 2014
Ten of the top issues mining companies will face in the coming year
Welcome to Deloitte’s sixth annual global mining report
Ongoing market volatility will force mining companies to change the way they do business if they wish to remain viable. That’s the core message delivered in Tracking the trends 2014, Deloitte’s sixth annual global mining report.
While long-term demand fundamentals remain strong, inflation, falling commodity prices, supply-demand imbalances and decreased productivity levels are just some of the challenges mining firms will continue to face in the next year. Simply waiting out the market swing is not an option. Rather, pursuing innovation will help both juniors and big companies weather current headwinds.
Mining the numbers
Dig through our top 10 issues and trends to find the numbers you need to know:
- At least 1/3 of the mining workforce is set to retire within the next 10 years;
- Record impairment charges of US$75 billion over the last two years underscore capital allocation issues and problems in the project pipeline;
- Fatal injuries fell 24% between 1993 and 2011, but it’s not keeping pace with the 51% decline seen in non-fatal injuries.