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What is the future of mining industry?

valid until: 04 Aug 2023date published: 04 Aug 2022

The mining industry is changing in fundamental ways. A new generation of miners is quickly putting themselves in a position to supply essential minerals. These miners give their all to fulfilling the changing stakeholder expectations. In this mining business that is undergoing fast change, they have enjoyed the benefits of moving promptly. In order to give greater value throughout the whole supply chain, they are also investigating new business models and innovative collaborations. The tough challenge of change does not have a single solution. But four crucial areas should be the attention of the largest miners in the world:
Analyzing their exposure to important minerals and determining their current location.
Reviewing the deal strategy and looking for chances to collaborate with end users and original equipment manufacturers or to own more of the supply chain (OEMs).
Building stakeholder trust and enhancing mining's social license to operate by putting more of an emphasis on ESG.
Deploying capital and cash flow wisely and quickly enough to fulfil the demands of the transition to net zero.
The miners that can effectively negotiate the shifting market dynamics, as well as the fast-rising demand for essential minerals and the energy transition, will be best positioned to add value and profit from these developments in the mining industry.

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What is the future of mining industry?