Mining Industry like other industries has to adapt with changes in order to survive in the competitive world. There is no doubt that mining industry plays a vital role in the world stage.
As we have half past 2015, we have already witnessed mining industry face many hurdles in terms of increasing operational costs to declining ore grades. Therefore, 2015 has proved to be a challenging year for the mining companies in the world.
By following the 10 latest trends in mining industry reported by Deloitte in 2015, companies can go a long way in keeping the industry vibrant, active and alive.
- Expanding The Search For Talent
Of course new talents are required for the growth of mining. Students who are learnt in best schools and are skilled in computer technology must be identified and welcomes into the industry.
- Dealing With ever Shifting Political Landscape
Every country’s political factors play a vital role in everything from taking permission to establish a drilling site to what resources can be used. Proactive efforts to lobby for clear policies will go a long way in making the political landscape easier to navigate.
- Balancing The Expectations Of Stakeholders With The Interest Of The Mining Company
Well, this is a very important aspect of the mining industry. It will be of a great help in seeking stronger relationships with communities, mining associations and investors. Whatever, go though in the industry must be kept transparent. Be it a new plan implementation or the beginning to phase out an older one, message must be conveyed through social media or any other means is a must.
- Communication And Collaboration With Government
Without government’s interference, international mining cannot function. Companies have to develop rapport and lines of communication to keep all the parties in the loop of discussion. Meanwhile, it is also beneficial in shaping the public policy by understanding the needs and demands of local customers.