Canadian mining companies are having to rethink their strategies due to social, economic and political forces, according to a Deloitte Touche Tohmatsu Ltd. report released today.
Tracking the trends 2012 provides an analysis of the top 10 trends expected to affect the mining sector in the year ahead.
Jürgen Beier, deputy mining leader, Deloitte Canada, said, “The mining sector is facing a perfect storm of converging global forces.
“Confronted with unrelenting cost inflation, unprecedented commodity price volatility, ever-tightening regulation and mounting labour shortages, mining executives must be willing to seek unconventional solutions.”
Some of the trends identified by the report were:
- the cost of doing business;
- commodity price chaos;
- taxes targeting the mining sector;
- restless stakeholders and their demand for heightened corporate social responsibility;
- labour shortages;
- capital project risks;
- tougher regulations worldwide.
JenniferHarrison
@JHarrisonBIV