Deloitte has identified ten trends that will impact the industry over the next 12 to 18 months, as well as the role they can play in guiding companies to achieve their objectives as they seek to capture the value generated by the industry
The first trend, according to the Delloite study, relates to the need to place the objective at the center of the mining and metallurgical industry, creating a social dynamic, in a context in which the demand for critical metals exceeds the short-term supply . The study suggests the need for the mining and metallurgical industry to prospect in previously unexplored regions. It emphasizes that, although many mineral and metal suppliers are already influential forces for economic development, there is an opportunity to become even more relevant in the progress of this industry.
Managing in a period of uncertainty and developing the ability to thrive in the face of disruption is the second trend highlighted by Deloitte, which highlights that geopolitical tensions, talent shortages and pressures to achieve results, the challenges of adopting Gen AI, are creating an uncertain business environment. Deloitte highlights the need to negotiate for future-focused growth, rethinking investments in minerals and metals, in order to increase access to resources that are critical for sustainability and accelerate new production capacity. Another constant point in trends is the need to work to improve pollution levels and create strategies that encourage solid and healthy transitions.
“Mining and metallurgical companies are positioned to lead the way in terms of sustainability, investing not only in reducing gas emissions into the atmosphere, but also in creating action plans to ensure the correct climate transition”, highlights the study. According to Deloitte, it is necessary to collaborate with governments to rethink regulations, unlocking critical resources through licensing, as in many parts of the world, mine licensing processes last years or even decades.
Return to basics, driving growth through exploration investments, addressing workforce challenges through a skills-based approach, equipping mining and metals companies for future needs and unlocking new value from existing assets, balancing complex priorities and satisfying demand through operational optimization, are the other trends that will influence the mining sector in 2024.
According to Frederico Correia, partner at Deloitte, cited in the study, in the diamond sector, Angola is a good example of development and innovation, with visible results at the production level and with real economic and social impact, as can be seen through the growth of the eastern region. from the country.