PROFILE
improve efficiencies was paramount . But there ’ s only so much you can do to drive out costs .
The important thing is for companies to keep at it even when commodity prices rise and take innovation beyond isolated technology solutions .
• OVER THE LAST FEW YEARS IT CAN BE SAID THAT THE INDUSTRY HAS FACED SIGNIFICANT DOWNTURNS , WITH LARGE FOCUSES ON REDUCING COSTS AND INCREASING PRODUCTIVITY – HOW HAS THIS ATTITUDE BEEN REFLECTED ACROSS THE INDUSTRY ? Cost-cutting can only take you so far before you hit diminishing returns . This means the low-hanging fruit is gone and so are the easy wins . Many players in the industry recognized this and sought out new technologies to improve efficiency and boost productivity . But to truly get to the next layer of efficiency gains , miners will have to foster innovation by adopting the right systems , technologies , and culture .
“ MINERS NEED TO BE VERY SENSITIVE ABOUT THE DANGEROUS IMPACT OF MINING ON THE COMMUNITIES THAT SURROUND THEM . REHABILITATION AND RELINQUISHMENT OF CLOSED MINES TO COMMUNITIES IS EXTREMELY IMPORTANT AND THIS IS SOMETHING MANY MINERS ARE ALREADY FOCUSING ON ”
PHIL HOPWOOD
GLOBAL MINING INDUSTRY LEADER AT DELOITTE
10 June 2017