The year 2017 showed an overall positive
growth for the mining industry that also reflected in 2018. Many factors
contributed to this growth. The market saw a recovery in commodity prices.
Companies revived their strategies for cost saving in the past few years, which
had helped in strengthening the balance sheets. Also, the overall global
economic growth improved that drove the industry. However, the investments in
the industry remained low.
Mining
Industry Major Projects Review-Q1 2018, a report by GlobalData gives a review of the
major mining projects for the first quarter. It details out the developments
that happened in the quarter for the ongoing projects as wells as the projects
that commenced in the quarter. An in-depth analysis of the total development
projects with respect to country, commodity and companies is also given. The
report covers almost entire global geography i.e. Asia Pacific, North America,
South America, Europe, Middle East, Africa, Oceania and Former Soviet Union.
The sector is critical to the global economy.
Almost all industries directly or indirectly are linked to mining in their
value chains. From rare earths to the most exploited commodities like coal and
iron ore, everything comes from mining. Yet the industry faces its own set of
challenges. The prominent ones are its capital intensive nature and the price
volatility. Any fluctuations in the global commodity prices results in the
exploration process taking a hit. Added to this are the costs for advanced
technological requirements to optimise the operations. Another contributing
factor to the investors’ nervousness are the aging metal ores. Depleting
resources and the need for deeper mines means more capital and more
unpredictable returns. However, the current price recovery has helped
strengthen investors’ confidence and the industry is experiencing a rise.
The companies have also started focussing on
other aspects of the business. With cost saving being a constant part of the
strategy, they are now focussing on things like increasing the operational
safety at the sites. Companies are also consciously measuring the steps when it
comes to engaging in aggressive investments. Experts believe that while the
industry still has to deal with traditional business challenges; they need to
shift their focus on effective digitalization of operations. Companies have
already started moving in that direction but there is a long way to go.
The year 2018 is expected to show a positive
growth for the industry globally. Companies will need to look at the future
market opportunities. Disruptions are occurring across industries and if the
mining sector keeps abreast to their needs, the opportunities are plenty. A
good example of this is the EV revolution that have created a need for nickel,
lithium, cobalt, etc. Companies will need to diversify their portfolios
considering the future demand and commodities of future. The new developments
that take place might witness a hint to the same.
The companies covered in the report are:
Glencore plc, Rio Tinto, Anglo American Plc, Barrick Gold Corporation,
Antofagasta Plc, Teck Resources Ltd, Japan Oil, Gas and Metals National
Corporation, BHP Billiton Ltd, Ivanhoe Mines Ltd, Coal India Ltd, Votorantim
S.A., Mitsubishi Corporation, Minera Costa Rica Dos, Platinum Group Metals Ltd,
Mnombo Wethu Consultants CC
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