2 | Our Industry Issue of Consideration
Trends in the Mining Industry Mining companies face various challenges, from uncertain geopolitical landscapes to keeping up with the ongoing technology revolution, and the following important trends have been identified for the industry to leverage and navigate into the future: 1. The social investor – Embedding value beyond compliance into corporate DNA 2. Getting partnerships and joint ventures right – Looking beyond structure to governance 3. Seize opportunity amid uncertainty – Why miners should prepare for the next downturn now 4. Dynamically managing risk – From risk registers to strategic risk management 5. The path to decarbonization – Miners’ role in reducing emissions
Mining in Greece Your View
The Mining Industry According to a quantitative survey conducted in August 2019 to 500 members in the Municipality of Aristotle, 61% has a positive opinion about the mining industry. Based on the Foundation for Economic and Industrial Research’s (IOBE) 2018 ‘Report on the mining industry’s contribution to the Greek economy’ (http://iobe.gr/ research_dtl.asp?RID=161), as well as the Greek Mining Enterprises Association’s 2017 Annual Report, the mining industry creates significant value for our national economy and more specifically: • 108,000 job positions
6. On the road toward intelligent mining – Reviewing lessons learned
• €2.4 trillion in industry potential
7. Modernizing core technologies – Considerations around cloud, cyber, and revitalizing the core
• €6 billion in state budget annually
8. The intersection of talent and community – Proactively planning for the social impact of digital 9. Leadership in an Industry 4.0 world – Preparing to manage the mining workforce of the future 10. Tax tribulations – Concerns over ‘transfer mispricing’ put miners in the spotlight. Source: Deloitte Insights, ‘Tracking the trends 2020: Leading from the front’
Mining Globally Mining extracts essential metals and minerals from below the Earth’s surface, which are used for various goods to meet growing worldwide demands. As these metals and minerals do not have a functional role within the Earth’s ecosystem, removal itself does not have a significant negative impact on the ecosystem. However, removal process can have a significant impact and it is therefore essential to restore Earth’s surface for future uses. Mining companies must aim not only to generate positive returns for their shareholders, but also to make a real and lasting positive contribution to local communities. As a result, it is vital for companies to leverage their financial resources, technical expertise and supplier relationships to create a different and more sustainable future for mining.
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Hellas Gold
• 3.1% in GDP share • €1.7 billion in new investments • €1.1 billion in exports (over 50% of total sales).
