2.2 HIGHLIGHTS OF PERFORMANCE OF THE MINING INDUSTRY IN 2020 ... Provide thought leadership for the solution of national issues related to mining 2.0 OVERVIEW OF THE GLOBAL GOLD INDUSTRY IN 2020 The outbreak of COVID-19 and the sequel containment efforts had varying effects on the traditional classes of demand for gold in 2020. Firstly, the

The top 10 issues facing mining leaders right now February 22, 2022 Deloitte's analysts have released their top 10 key trends set to affect the mining industry and its licence to operate in the near term.

TheStreet's 'Investor Playbook: The Resource Transition' discusses the future of the metals and mining industry, including three key issues.

Mining companies continue to contend with price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of access to financing, according to advisory firm Deloitte's 'Tracking the Trends 2015' report. Nevertheless, there is evidence of recovery in 2015 if miners can successfully address the top issues facing the industry. Nevertheless, the mining …

global mining destinations, Africa claims eight of the ten least-attractive countries. In 2024, miners face issues such as the rapid pace of change, in everything from trade policy to pricing, which makes long-term planning extremely difficult. The energy industry is in flux around the world, with specific challeng-es in South Africa.

While the mining industry remains one of the world's largest industrial sectors, there are a number of concerns regarding its long-term viability. ... Yet the question remains as to how effectively these reforms can counter …

A list of the top 10 risks and opportunities for mining and metals companies in 2025 and, for comparison, where they ranked in 2024. Four risks fell out of the top 10 in this latest survey — governance, cyber, digital and …

The mining industry has long been one of the most challenging sectors to operate in. While advances in technology can help overcome them, they are still present and must be addressed. Additionally, new challenges are developing as the world changes, so mining companies need to be constantly looking for ways to improve their operations.

Human Capital Considerations. Perhaps the greatest concern now facing the gold industry is the degree and rapidity of shrinkage in personnel. Chart 3 reveals that, over a twenty-year period since 1984, the number of unskilled personnel employed by the South African gold mining industry has fallen from 450,000 to 130,000 due to restructuring in the sector.

Table 1: Ghana Mining Industry Value Global Overview of the Mining Sector Amid an accelerating industrywide transformation, the world's Top 40 miners posted stellar financial results for 2021. Revenues rose by 32%, and net profits soared by 127% on the back of high commodity prices and prudent cost management. When these gains are added to their

SYNOPSIS. Mining companies globally are currently facing severe economic and financial challenges. In addition to global challenges, the South African mining industry has to face other operational challenges that are unique to the country and which threaten the survival and competitiveness of the industry.

With the global economic concerns putting pressure on many national and international trade concerns and entities, especially in the trade of high-value luxury goods, it is important to consider ...

the top 10 risks facing the industry. Political uncertainty and economic instability are unlikely to ease in the short to medium term. The majority (54%) of surveyed companies agreed on the need to embrace new ways of doing business, while two-thirds (64%) agreed the industry needed further consolidation. Further M&A will

"The natural resources industry is facing a complex, volatile and constantly shifting range of challenges. ... While survey respondents put them in the top 10 risks, at number 8 and number 9, respectively, the risks may warrant being higher on the list. Storms, cyclones, wildfires and other events can disrupt operations, as mining assets are ...

10 Universal Mining Problems. December 1, 2024. ... many of us are guilty of believing that the problems we're facing are unique to us ... The industry is also very process …

This is high on the agenda for many industries, but mining is under severe scrutiny. Mining contributes a significant amount to global greenhouse gas emissions and miners are under increasing pressure to decarbonize their operations. ''The mining sector itself will also face pressure from governments, in…

"The natural resources industry is facing a complex, volatile and constantly shifting range of challenges. ... While survey respondents put them in the top 10 risks, at number 8 and number 9, respectively, the risks may …

The top risks identified through the survey were risks that most mining executives in South Africa and, in many parts of Africa, have been struggling with over the past couple of years, Erasmus notes. The top 10 risks include: 1. Access to energy and water 2. Increased unionisation and high wage demand 3. Commodity price risk 4.

Mining is, by its very nature, a challenging business. Mines are large, complex and risk-laden industrial enterprises run by people who have to manage them through commodity price cycles, find replacements for dwindling mineral reserves, convert them into renewable energy sources and, in many cases, find and operate them in challenging jurisdictions with poorly developed …

0–1% 2–4% 5% 6–9% 10–12% 15% Capital allocation to finance digital initiatives (% of respondents) Source: EY survey of over 250 global mining and metals participants 4 Top 10 business risks facing mining and metals in 2019–20

Mining Review reported that Nigeria's mining locales are not strangers to security threats, ranging from illegal mining to community conflicts and even armed banditry. These issues deter investments and generate an unstable business atmosphere. Additionally, the sector grapples with pressing environmental and social challenges.

One of the most serious problems for the mining industry in Kenya is the production of tailings that hold strategic metals. The material is already ground, which means the most energy-consuming ...

Despite the loosening of some investors' purse strings, funding and cash flow lead the list of challenges facing the mining industry, according to Ernst & Young. Here are the top …

Rising from fourth to second on EY's list of the top 10 business risks/opportunities facing the global mining and metals sector, issues of geopolitics were amplified by Russia's invasion of ...

The following 10 mining industry trends provide a toolkit to help companies not only profit from whatever the future might bring, but to leave a positive social impact as their legacy. 10: Aligning capital allocation to ESG

-10-8-6-4-2 0 2 4 6 8 10 % 2020 2021 2022 (Forecast) Figure 1.0: Real GDP Growth Rate in Economic Blocs and Selected Countries Source: Constructed based on data from various sources (2022) 2.0: Domestic Economic Developments in 2021 In Ghana, the progressive easing of COVID-19 restrictions due to the relative availability of

Click through to see the top 10 risks drawn from KPMG's Global Mining Outlook 2022 report. 10: Regulatory and compliance changes/burden In a welcome move, the pandemic has disappeared from the top 10, after leaping …

By Dr. Kariuki Muigua, PhD (Leading Environmental Law Scholar, Natural Resources Lawyer and Dispute Resolution Expert in Kenya)* Africa hosts 30% of the earth's mineral reserves, including 40% of gold, 60% of cobalt, and 70% of platinum deposits, and produces about 30% of the world's gold, 70% of the world's platinum, 28% of the world's …

Besides the South African mining industry being of paramount importance, it has experienced local and global socio-economic problems that have led to its reduction in competitiveness and performance (Phakathi, 2017). ... challenges facing the industry is risks and uncertainties. According to Trench et al. (2014), mining risks can be classified ...

Here are the top 10 risks: The COVID-19 pandemic means demand is up, but so are the costs of inputs, shipping, talent and decarbonization programs. Reducing costs and improving productivity is a balancing act for miners that must achieve short-term gains while …