By Vikas Kumar Keshri, Business Consultant, YASH Technologies The mining industry is entering a new era with various fast-evolving challenges. Miners face rising costs while battling multiple environmental, yield, and compliance issues. According to McKinsey, the mining narrative is significantly more complex and nuanced. “2021 was a record year, and 2022 has been another: in recent months, prices for many mined commodities have hit record levels. (On the other hand), demand for selected commodities is expected to increase with consumer spending growth by 2030.” Emerging megatrends, including the energy shift that has propelled commodities prices upwards, have also provided an advantage for leading miners as they plan their strategies to tackle this decade of unprecedented challenges. Several of the world’s top miners expectedly had fantastic financial results for 2021. Add these gains to their strong performance in 2020, and you have a decade of victory amidst volatility. Will these top revenue makers carry the momentum into the next decade? A recent PWC forecast suggests increasing revenue and rising costs will bring in margin pressure. Circa 2022: Global GDP growth forecasts are coming down due to high energy costs, supply chain disruptions, lockdowns in China, and waning consumer confidence. However, […]
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