T O P 10
01
Rethinking mining strategy
CSR initiatives are morphing into stakeholder engagement programs, while social license to operate becomes a pivotal strategic issue alongside consumer awareness, geographic risk, and access to input commodities. 96
Mining companies must take a wide view to set corporate strategy and create competitive portfolios capable of generating value across multiple scenarios – critical as the industry embraces a new stage of growth. Andrew Swart, Global Mining & Metals Consulting Leader, Deloitte Canada, concludes: “When done well, strategic planning cycles consider a range of issues in addition to producing at lowest cost, including the role of individual assets in the portfolio, the path to value creation, the balance between risk and return… These key choices should ultimately drive a mining company’s investment allocation strategy, the partnerships it creates, and the capabilities it decides to build.”
APRIL 2019