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CANADIAN MINING PERSPECTIVE: The 10 biggest challenges for the industry Mining and metals companies are left scrambling to achieve cost containment following the remarkable drop in commodity... Industry consolidation remains a top risk this year, with a new class of acquirers emerging from the
17/11/2014#0183;#32;By Warren Beech, partner and head of mining at law firm Hogan Lovells The various challenges being faced by the South African Exploration and Mining Industry are generally summarised into 8 key challenges, namely: the global financial crisis, and the impact that this has had on global demand, regulatory and legislative uncertainty, infrastructure, ports, rails, []
Additionally, a change in mining practices has led to a renewed emphasis on the importance of consistent ventilation systems to ensure that workers are kept safe from dangerous fumes. 3. Access to Capital. Access and allocation of capital is often cited as one of the biggest issues facing the mining industry, especially for its juniors.
Commodities may be broadly moving back into global market balance and even surplus, but the mining sectors challenges are far from over. In a world of deeper mines, more complex ore bodies, rising energy costs, social and geopolitical risks, infrastructure shortages and resource nationalism, mining companies remain under exceptional pressure to control costs, heighten efficiency and improve safety performance.
The sixth and final problem facing the metals and mining industry is the need for building the treatment process for water reuse. Mining sites are often situated in locations where water is already limited and where local people and officials, unsurprisingly, try to stop mines using water from these sources.
21/11/2017#0183;#32;Top 4 Challenges Facing The Mining Industry 1. Market Volatility And Weak Global Demand. The global commodities boom in the early 2000s was driven primarily by the... 2. Resource Scarcity and Quality. One of the major challenges facing the mining industry today is that there are fewer... 3. Talent
When the commodities markets crashed, one of the first areas of expenditure to be curtailed in a big way was exploration. Unfortunately, capex on exploration has not yet been replaced despite the recovery of commodity values. Therefore, a key challenge facing mining businesses in 2018 will be finding the capital to invest in exploration activity.
Five common challenges facing the mining industry | Aggreko
Innovations with high startup costs or that may impact cash flow or license to operate are often dismissed. Furthermore, mining companies are disinclined to collaborate with each other because of concerns about maintaining a competitive advantage and
1. Inadequate capital making Kenya not to benefit from mineral resources because mining is left to multinational companies who pocket all the money to recover mining cost. 2. Areas where mineral deposits are inaccessible due to poor transport and infrastructure which makes prospecting and mining
Productivity. Many experts agree the largest issue facing mining is productivity. With most of the easilyaccessible high grade ores almost tapped out, companies are faced with the challenge of either mining low grade ore bodies or mining in difficult or remote regions.
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