Embracing technology is critical for mining companies, says Deloitte
Report also flags the volatility of the macro-economic environment with trade tensions between the US and China coupled with operational uncertainty
As the global commodity market comes out of a decade-long slump, boards of mining companies face a different world with fresh challenges that threaten how they generate value for all stakeholders and not just shareholders as they did in the past, Deloitte says. In a report, Tracking the Trends 2019, Deloitte’s mining specialists map out key areas of concern for boards to consider and offer suggestions on how to deal with them. One of the most pressing is the volatility of the macro-economic environment with trade tensions between the US and China coupled with uncertainty at operational level stemming from disruptions coming from new technology and digital processes, as well as rising community activism, government interventions and labour demands. The report states that the increasing importance of artificial intelligence and higher use of computers and digital applications to manage and operate mines, handle supply logistics more effectively and lower costs, will all require tech-s...
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