tracking the trends 2021

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Tracking the trends 2021

The top 10 issues transforming the future of mining

Closing the trust deficit

2020 took the world by surprise. COVID-19 cut through most companies’ best laid plans, forcing leaders across the mining sector to refine their strategic objectives, recommit to their stakeholders, and reset their priorities. Tracking the trends 2021 looks beyond the pandemic and focusses on how the longer-term trends in the industry are impacted and what new trends are on the horizon. A central narrative emerged from this year’s report, namely the issue of trust between the mining industry and its wider set of stakeholders.

The industry is at an important juncture. Mining holds the key to a lower carbon future through many of the minerals it mines, yet the industry is capital starved. It has the potential to create widespread meaningful employment, yet it’s often not the first choice for talent. And while mining companies have played a significant role through the COVID-19 crisis by flying in personal protective equipment (PPE), leveraging their healthcare infrastructure, and keeping workers safe, many governments continue to look towards the industry for additional taxes and royalty payments.

In many ways, these dichotomies still exist because of a deficit in trust. From investors and employees to the communities where they operate, how can mining companies rebuild trust? In this year’s report, we share our perspective on what companies should consider to increase or rebuild trust among their extended ecosystem of stakeholders.

Now in its 13th year, Tracking the Trends 2021 takes a look at the mining sector and considerations for improvement as we lay a foundation for tomorrow. Our global mining professionals once again share real-world case studies and practical examples that mining companies can leverage in building a path forward.

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2021 mining industry trends

Trend 1: Building resilience amid volatility
Scenarios for strategic leaders

      

Trend 6: Creating an agile supply chain
Overcoming the vulnerabilities exposed by global shocks  

Trend 2: M&A in an altered world
Winning back investor trust  

       

Trend 7: The path towards integrated operations
Positioning miners to pivot in the face of change

Trend 3: ESG—Getting serious about decarbonization
From strategy to execution

 

Trend 8: Advancing the future of work
Redefining leadership and adapting the workplace culture

Trend 4: ESG—Overcoming the social trust deficit
Linking social investments to sustainable outcomes

 

Trend 9: On the road to zero harm
Creating the next generation of integrated predictive safety systems

Trend 5: ESG—Corporate governance adding to competitive advantage
Emerging risks mandate greater oversight

 

Trend 10: Meeting demand for green and critical  minerals
Mining’s role in the transition to a clean energy future

Tracking the trends 2020

The mining sector continues to grapple with complex challenges—from an uncertain geopolitical landscape and technological disruption to increased demands from communities and investors. How can mining companies succeed and lead from the front? Can executives go beyond just good managerial skills to differentiate themselves and prepare their teams to embrace change?

This 12th edition of the Tracking the trends report reveals the top 10 trends that should be on every mining company's agenda for 2020.

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