Mining is a strange sort of industry. It is actually a cluster of processes that enables the world to obtain materials and minerals that cannot be created or manufactured or grown through agriculture. By definition it is the extraction and management of minerals from the earth’s surface, and it has been the core industry of most economies in the world.
Sustainability has in recent years become the biggest dilemma the mining industry faces. The most worrying factors are: Environmental regulations and nationalism have created a major impact. Resources are becoming scarce and more costly to access. Shortage of skilled labor is another major concern.
The commodity boom peaked just over a decade ago. Since then the headwinds have been growing in strength. The mining industry has been forced to re-calibrate and re-think. Some of the key recalibration action points revolve around these aspects