Legal Work Abounds From Mining Industry Challenges September 5, 2019 Economic conditions in the relatively poor areas of Appalachia—West Virginia, Kentucky and some parts of Tennessee and Virginia—have been at the epicenter of political and sociological debates for decades, due to the region’s dependence on coal. The nature of the mining industry presents unique challenges for workforce safety. Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Five common challenges facing the mining industry 1. “Mining companies need to broaden their strategic outlooks. Aspermont Media is a company registered in England and Wales. 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 between risk and return, and how the company is differentiating itself in the eyes of its stakeholders,” says Hopwood. As technology evolves, so too does mine safety. 136738101. Drastic measures had to be taken including suspending operations, divestment of non core assets and other cost-cutting measures to protect earnings. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. Learn how Deloitte’s more than 286,000 people make an impact that matters at www.deloitte.com. sdutton@deloitte.com. NEW YORK, NY, USA, 29 January 2019—Released today, Deloitte Global’s 11th annual mining report, Tracking the trends, explores key trends facing mining companies as they navigate how to operate in a market characterized by constant disruption in the Fourth Industrial Revolution. For information, contact Deloitte Touche Tohmatsu Limited. Despite key challenges facing the SA mining industry in 2019, I believe that with continuous conversation, engagement, and the building of trust among … The Portfolio Committee on Mineral Resources met with its stakeholders to receive input on the challenges and opportunities faced by the mining industry. “These key choices should ultimately drive a mining company’s investment allocation strategy, the partnerships it creates, and the kinds of capabilities it decides to build. Aug 8, 2019. Although that bubble has long since burst, many mining companies are still grappling with its strategic legacy. Less than two years later, these strategies have, broadly speaking, paid off. Online. The US mining industry will not fare as well in 2019, as Fitch forecasts thermal coal prices declining on top of a structural decrease in thermal coal consumption by the country. Every year, KPMG asks mining executives about the state of their industry, key trends, and their expectations for their organizations. The mining industry is still recalibrating to a set of strong headwinds after the commodity boom peaked in 2011. Gain deeper insight with a Mining Magazine Premium Subscription including unrivaled research reports from Mining Magazine Intelligence. © 2020. 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