What are the characteristics of successful mining and metals companies in a low-carbon, low waste and goal driven future?
The beauty of the above question is that there is no clear answer. Although the core goal of mining will remain the same in the future: Mining metals and minerals and supplying them to downstream industries, many factors that affect the way mining companies observe, perceive and act in the past have changed in recent years.
At present, mining companies achieve this goal in different ways, and there are few opportunities for leaders to restructure, create new value and establish ecological partnerships, so as to create a more responsible and attractive future for the industry.
Although some pioneers recognized the need for change 10, 15 or even 20 years ago and redefined their organization and business accordingly. However, for many companies, fundamental changes are really needed in 20202021. Covid-19 epidemic has a continuous impact on the working environment, the continuous promotion of digital transformation, the growing demand for the combination of ESG commitment and unified business functions, and the urgent need to adjust to cope with the rapidly changing business and operating environment. These factors provide many choices for the company.
Of course, the biggest potential driving force and opportunity for change lies in the transformation of green energy. The 2021 United Nations Climate Change Conference (cop26) was held in Glasgow in November, which emphasized the indispensable role of mining in supplying metals and materials for a low-carbon future. 1. At present, the positioning of mining companies in response to this change will determine their sustainability, and may gain or break their competitive advantage in the next decade.
There is no doubt that large-scale change is a difficult task, so the focus of this issue (issue 14) of trend tracking report is to realize transformation. The following 10 trends provide guidance to help companies start thinking and move towards a vision of future success.
In the trend tracking report, Deloitte's global expert team shared insights and case studies to promote the dissemination of ideas and explore how to develop traditional mining and metal businesses through new business models, capital allocation, flexible work practices and data-driven technologies, so as to create enterprises that meet the requirements of the 21st century; These enterprises can not only survive, but also realize profits and have a positive impact on society no matter how changeable the future is.
The next decade will usher in the most exciting and transformative decade in mining history. We look forward to discussing these trends with companies in the industry and providing support for their transformation. Thank you for your support in the industry.
