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CSR initiatives are morphing into stakeholder engagement programs , while social license to operate becomes a pivotal strategic issue alongside consumer awareness , geographic risk , and access to input commodities . Mining companies must take a wide view to set corporate strategy and create competitive portfolios capable of generating value across multiple scenarios – critical as the industry embraces a new stage of growth . Andrew Swart , Global Mining & Metals Consulting Leader , Deloitte Canada , concludes : “ When done well , strategic planning cycles consider a range of issues in addition to producing at lowest cost , including the role of individual assets in the portfolio , the path to value creation , the balance between risk and return … These key choices should ultimately drive a mining company ’ s investment allocation strategy , the partnerships it creates , and the capabilities it decides to build .”

APRIL 2019