Dig Deep Deloitte The Key Mining Trends in 2019 (Interview With Andrew Swart)
“The mining industry is changing faster than ever, resulting in both greater growth potential, as well as more disruption and volatility than in years past”.
In this episode of the Dig Deep Podcast, Rob interviews Andrew Swart, who is the Canadian Global leader for Mining & Metals for Deloitte and was the author of a report exploring the key mining trends in 2019 globally. Today, he briefly discusses these trends that will affect the mining industry moving forward. You can access this report by clicking: https://www2.deloitte.com/ca/en/pages/energy-and-resources/articles/tracking-the-trends.html
KEY TAKEAWAYS
- Embedding the discipline to deliver measurable value across the cycle. Mining companies should be rethinking their mining strategies. They should be thinking about inherent risks in the portfolio or constructing the portfolio around the risk dimension. In the report, there are key dimensions that mining companies should be taking note of.
- Moving up the maturity curve. AI and analytics are seen to be moving into many aspects of the mining value chain in all the operations. These emerging techs can be useful in aspects of safety, performance and planning.
- Exploring a new approach to controls and risk management. Internal Audit 3.0, the next generation of internal audit and risks management.
- Why innovation requires integration? Across the value chain, it will become easier to determine the drivers and demands for particular commodities. It’s easier to streamline when we’re able to use data effectively also.
- Finding value beyond compliance. Mining companies should be mindful in each step of the way. They should look at positive environmental and social outcomes.
- Making the case for a systematic approach. Mining companies should utilise energy and water. They should think about its value to the community.
- Learning from past mistakes. Review the past and existing capital projects. Look also on how technologies can improve those projects.
- A blueprint for the future. Think about how you can use technology to enhance the work and the workplace. Ensure also the safety and comfortability of workers.
- From theory to practice. Mining companies should consider diversity inclusion. The mining industry has been one of the lowest in gender diversity across different industries.
- EVs and battery minerals provoke the desire for provenance. The industry should push for having ethical grounds when sourcing different minerals.
BEST MOMENTS
- "We really think the time now is the right time for mining companies to rethink their mining strategies.”
- Rob: Where would you say we are on the actual curve or life cycle – the mining industry as a whole?
- Andrew: The mining companies begin to move towards digitisation.
- “One thing we talk about in the report is to move away from the productional linear-type value chain.”
- “It’s very important that one thinks about how are you going to create long-term value in that area.”
- “This industry is increasingly finding it hard to attract great talent… Creating more diverse, more inclusive workforces is going to be central to solving the next talent problem.”
VALUABLE RESOURCES
ABOUT THE GUEST
Andrew Swart is the Global Consulting Leader of the Mining & Metals for Deloitte. For over 15 years, he has been consulting for various clients from the industries of oil & gas, mining, CPG, professional services, and government worldwide. Andrew is also the author of the article ‘Tracking the trends 2019: The top 10 issues transforming the future of mining’ published for Deloitte.
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry, and the podcast aims to offer the mining community an insight to people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from the first world to third world countries from Africa, Europe, Middle East, Asia and Australia. We source, headhunt and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients’ organisation in any mining discipline or level. Mining International provides a transparent, informative and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
- Email Rob at rob@mining-international.org
- Rob’s LinkedIn
- Mining International Official Website
- Mining International’s Twitter
- Mining International’s Facebook