Social aspects of business risk in the mineral industry …
In the early 2020s, loss of acceptance of the Finland business operation by the local community and/or society in 2 Luleå University of Technology, 97187 Luleå, Sweden general was identified as the biggest risk facing the mining 3 Geological Survey of Finland, PL 96, 02151 Espoo, Finland industry (EY 2020).
Top 10 business risks and opportunities – 2020
Top 10 business risks facing mining and metals (Chapter breaker) 1. Chapter 1. License to operate (LTO) is the No. 1 risk for the second year in a row. License to operate and disruption run through this year's risks, as social responsibility and broader stakeholder demands intensify.
Risks and opportunities for mining and metals in 2024 | EY
Source: EY mining and metals business risks and opportunities survey data 2024. A bar chart showing which ESG factors are facing the most scrutiny from investors in 2024, as chosen by the respondents to the survey. Local community impact and tailings and waste management are the top two in this example.
Social aspects of business risk in the mineral …
In the early 2020s, loss of acceptance of the business operation by the local community and/or society in general was identified as the biggest risk facing the mining industry (EY 2020). This paper discusses the social aspects of business risk in the mineral industry, which comprises mineral exploration and mining.
Mining and metals business risks report 2021
Global mining executives rank license to operate (LTO), high- impact risks, productivity and rising costs as the top three risks facing their business over the next 12 months, according to the Global mining and metals Top 10 Business Risks and Opportunities - 2021. The survey of more than 250 global mining executives' shortlists …
Mining Risk Review 2023
The 2023 Mining Risk Review looks at the mounting challenges facing the mining industry, particularly from a risk management perspective. Just when we thought one global black swan …
The risks and opportunities facing the mining sector in 2023
According to Ernst & Young (EY), environmental, social and governance (ESG) remains the greatest business risk/opportunity facing the global mining and metals sector in 2023. EY releases a report ...
Top Risks Facing the Mining Sector
Most Underrated Risks: "Weather/natural disasters and climate change significantly threaten mining organisations. 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 …
6 Challenges that Mining Industry is Facing Now
The mining industry all over the world is facing complex challenges from all directions. Environmental and climate change pressures, trade wars and geopolitics, changing and uncertain demand, technology changes, and a global maintenance skills shortage to name a few. ... The risks haven't changed a great deal over the decades …
Risks and opportunities for mining and metals in …
Top 10 business risks and opportunities for mining and metals in 2024. By. EY Global Mining & Metals Leader. Top miners continue to make progress on a range …
The top risks – and opportunities – for global mining
The top five mining risks 2021. Commodity price risk (No 1, 2020) concerns reflect ongoing volatility. Global pandemic risk (unplaced 2020) Economic downturn/uncertainty (No 6, 2020) Community relations and social licence to operate – (No 4, 2020) strengthening in ESG agendas. Environmental risks, including new regulations …
Top three business risks facing mining and metals
Here are the top 3 business risks facing the mining and metals industry: 1. License to operate. EY surveyed over 250 sector participants from around the world, and found 'License to operate' rocket to first position, with over half of respondents nominating it as the number one risk. There are a number of reasons why it has taken poll position:
Mining industry challenges: Five initiatives for CEOs | McKinsey
Mining and metals companies today must contend with various geopolitical risks, supply chain risks, and target-market risks, but many do so from a strong financial position. For their companies to thrive in this decade, mining CEOs must think holistically and establish a plan-ahead team, focusing on the factors associated with value creation.
Risks and opportunities for mining
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
Top 10 business risks and opportunities for mining and …
According to EY's latest report on the mining sector, opportunities for mining and metals companies will continue to outweigh risks in 2022. In brief. For the first time in our annual report on the sector, mining and metals companies rank environment and social issues as their number one risk. Decarbonization is a major disrupter, dominating ...
Business risks facing mining and metals 2013–2014
Business risks facing mining and metals 2013–2014. Business risks facing mining and metals 2013–2014. by Thabiso Bolebano. See Full PDF Download PDF. Free Related PDFs. Stadler, A et al (2015) Doubling Australia's Energy Productivity by 2030 - Re-energising the mining sector to improve its competitiveness - Full report. Commonwealth …
Breaking free: weathering the risks facing mining in 2017
Ernst & Young's (EY) latest mining risk report identifies the top ten risks facing the industry, including cash optimisation, access to capital and productivity. EY global mining & metals leader Miguel Zweig tells Julian Turner why companies must break free of pro-cyclical, short-term behaviour to succeed. Chris Lo February 27, 2017.
Top 10 business risks and opportunities for mining …
According to EY's latest report on the mining sector, opportunities for mining and metals companies will continue to outweigh risks in 2022. In brief. For the first time …
These are the top risks miners face
In Business risks facing mining and metals the analysts claim that 2014 has been the year in which CEOs begin to realize that regaining lost productivity is critical for long-term profitability.
Global forces shaping the future of mining and how …
May 14, 2021. The mining industry faces many challenges as the world moves towards more sustainable sources. Image: REUTERS/Wolfgang Rattay. Aidan Davy. There are many reports analysing the risks facing …
Top 10 business risks and opportunities for mining and metals …
Ongoing disruption has presented miners with new risks and opportunities. How they respond will be critical to success in 2021. In brief. Disruption has reordered the rankings of the global mining and metals sector's top business risks and opportunities, though license to operate remains no. 1. Changes enacted to respond to COVID-19 have ...
Access to capital the top current challenge for the mining …
Capital allocation and access to investments have rocketed to the top of the business risk list for mining and metals companies globally, up from number eight in 2012, shows Ernst & Young's ...
Top 10 business risks and opportunities for mining and …
A list of the top ten risks and opportunities for mining and metals companies in 2024 and, where they ranked in 2023. ... board — but only 40% of boards in the EY Global Board Risk Survey 2023 are confident they understand the biggest cyber risks facing the organization. "Understanding the current cyber risk landscape and the threats …
Mining industry risks, and future critical minerals and …
The mining industry is at a crossroads with the growing demand for exploration and exploitation of critical minerals for the energy transition to reverse the …
The top 10 South African mining risks according to executives
7. Controlling operating costs. 8. Capital allocation. 9. Infrastructure access. 10. Access to new projects. The risks of access to energy and water, increased unionisation and high wage demand, and community relations and social licence to mine are risks that African mining executives have been trying to manage for some time now.
Zimbabwe
The Chamber of Mines reported the mining industry generated $5.6 billion in 2022 compared to $5.1 billion in 2021, and it projected 10.4 percent sector growth in 2023. Foreign currency retention requirements have challenged mineral exporters, particularly at times when the parallel-market exchange rate diverged greatly from the …
Top 10 business risks facing mining and metals
13Top 10 business risks facing mining and metals in 2019–20. Fraud and corruption have re-emerged as a significant risk for many mining and metals companies. We don't believe this is a result of more fraud and corruption taking place, it is just that the capacity to identify it has become more sophisticated.
Top risks facing the mining industry | Metals Mine
From miningreview. The demand for natural resources sourced in the mining industry is growing as the world's population continues to grow. This means that operators in the mining industry are doing a tough balancing act with the ever-increasing demand for raw materials against the limitations of Earth's finite resources while …
Top Risks Facing the Mining Sector | GreenEconomy.Media
Most Underrated Risks: "Weather/natural disastersandclimate changesignificantly threaten mining organisations. 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 ...
ESG, geopolitics ranked top risks for mining, EY survey shows
Global mining and metals executives view environment, social and governance (ESG), geopolitics and climate change as the top three risks facing their business over the next 12 months, according to this year's ranking of the new survey, Top 10 business risks and opportunities for mining and metals in 2023, by EY. "We've …
