“For the future, the challenge of anticipating and meeting the increasing demand for mined products will continue as the industry evolves in step with a changing operating environment.” – International Council on Mining & Metals : Trends in the mining industry
“Low growth expectations drive cost reduction” – KPMG Report : Global Metals Outlook 2013
Minerals constitute an important raw material and a valuable natural resource in the industrial development of any country. The growth of metal and mining industries is linked directly to the growth of the economy. In the current scenario where the economy is just trying to bounce back, the growth of this sector is projected to be slow. Metal sectors are facing distinct challenges, majorly pressure on prices and uncertain demand. However, continued slowdown in mature markets has led metals organizations to seek out new opportunities for growth especially in emerging markets where the economy is still stronger than the developed world and through the development of more sophisticated products.
With a strong but volatile outlook for the sector, the global mining and metals industry is focused on future growth through expanded production, exiting unprofitable business units, closing unprofitable plants, improving operational efficiency and cost optimization. The sector also has other challenges like meeting the changing expectations in the maintenance of its social license to operate, skills shortages, effectively executing capital projects etc.
We have expertise in the field of Mine Management, Total Quality Management, Supply Chain management, Balanced Scorecard, and other services that are so relevant for the industry in the current scenario to deal with the challenges ahead.