Tracking the trends blog series
Our leaders share their views on the top strategies and potential disruptors for the mining industry.
Closing the trust deficit in mining
On 1 February 2021, Deloitte launched the 13th edition of the annual global mining trends report, Tracking the Trends. As we set out to identify this year’s top mining trends, we purposely avoided focusing in on the immediate response to COVID-19. Instead, we tried to look beyond the pandemic and see how longer-term trends in the industry were being impacted and what new trends might be emerging. In doing so, a central narrative emerged, namely the issue of trust between the mining industry and its wider set of stakeholders. But what does this really mean, and how can mining companies actively build trust across their stakeholder ecosystem?
Innovation: The best answer to transparent provenance
By Tim Biggs, UK Mining & Metals Leader
With the recent spike in demand for electric vehicles, socially conscious consumers are questioning the provenance of battery materials used to produce these vehicles. Mining companies are under pressure to create a more transparent interface with their customers—an aspect outlined in our Tracking the trends 2019 report.
In this blog, Tim Biggs explains that with the complex supply chains of today, traceability of minerals could be a challenge. He recommends mining companies to invest in technologies like blockchain that can trace a mineral from its origin to destination.
Breaking free: the need to rethink mining strategy
By Andrew Swart, Global Mining & Metals Consulting Leader
With critical shifts reshaping every facet of the mining industry, companies must move beyond their legacy outlooks—as outlined in our 2019 Tracking the trends report. Surrounded by new voices and paradigms such as the growing M&A activity and increasing desire for provenance, it is important for companies to be clear about their long-term strategy and their ability to deliver on the value proposition. In this blog, Andrew Swart discusses how companies can challenge their strategic outlooks across key dimensions. He also outlines aspects for executives to consider when rethinking their mining strategies.
Start spreading the news: how to address mining’s image problem
Second in the series by Tim Biggs, UK Mining Leader
Mining companies have frequently been the target of criticism—some of it fair, some of it not so fair. From protests to publicity, a range of stakeholders have used a number of outlets to draw attention to mining activities.
Increasingly, criticism is coming from an unusual source—the shareholder. More and more we are hearing
How can mining companies win the trust of their key stakeholders?
Commodities of the future: Predicting tomorrow's disruptors
First in the series by Phil Hopwood, Global Leader, Mining
Miners have always had to have a certain level of skill when it came to fortune-telling. It’s a long planning horizon in this industry so being able to predict the commodities of the future is critical. And while the future may be cloudy for a range of commodities, it's looking bright for those linked to electric vehicles (EVs).
The EV market is set to grow exponentially in the next 20 years. Government policies in Europe, China, and the Unites States, along with declining battery prices, appear set to encourage automakers to establish competitive prices for EVs—which should spur EV demand and offset downside risks from infrastructure and driving range limitations.
Explore how the boom of EVs will impact the mining industry.