Senegal has implemented a new mining legal framework which aims to maintain attractiveness of the mining sector and undertakes to rebalance mining revenues.
Senegal adopts a new mining law
In a diverging market, what path will you carve?
M&A and capital raising – 2016 trends, 2017 outlook
Improving productivity from market to mine
Mining and metals trends and updates
The Chinese steel sector — a waking giant
Business risks facing mining and metals 2016-2017
Navigating volatility in mining and metals: Cost reduction
Navigating volatility in mining and metals
Mining & Metals
Mining the opportunities
With a strong but volatile outlook for the sector, the global mining and metals industry is focused on future growth through expanded production, without losing sight of operational efficiency and cost optimization. The sector is also faced with the increased challenges of changing expectations in the maintenance of its social license to operate, skills shortages, effectively executing capital projects and meeting government revenue expectations.
EY’s Global Mining & Metals Center brings together a worldwide team of professionals to help you achieve your potential. Based in Sydney, our team is dedicated to offering industry insight and coordinating a network of more than 2,200 mining and metals professionals in 150 countries, who will develop practical alternatives and provide tailored solutions to the issues you face.
Key issues in today’s mining and metals environment include:
- Productivity — adopting broad transformation
Productivity, on both a volume and cost basis, has been declining in the mining sector since 2000. The productivity decline has mostly been a conscious choice – mining companies pursued production and revenue growth during the boom period in commodity prices, and mines were developed to get product out as quickly as possible not as economically as possible.
Declines were across the productivity spectrum, including labor, capital and material, with a major contributing factor to the decline being the challenge of operating at scale.
EY believes that the problem cannot be solved through individual cost-cutting solutions; a broad, end-to-end business transformation is required to regain competitive advantage. We also believe that innovation and technology could be a productivity game changer, as R&D in the sector has fallen behind other comparable sectors.
In our series of insights papers we explore the transformations necessary to regain and improve productivity.
- Productivity in mining: now comes the hard part
- Productivity in labor: it is only a ceasefire
- Productivity in mining: A case for broad transformation
- Unique issues faced by mining and metals companies applying IFRS
The refining IFRS series aims to examine the complex, but unique, issues faced by mining and metals companies applying IFRS. These issues will be considered in the context of recent and current developments in the global mining and metals market place.
Our Good Mining Guide is an illustrative set of consolidated financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), for Good Mining (International) Limited (Good Mining), a fictitious group of mining companies. Good Mining specifically focuses on IFRS issues and the relevant disclosures as they relate to the mining and metals sector.
Connect with us
Stay connected with us through social media, email alerts or webcasts. Or download our EY Insights app for mobile devices.
Mining & Metals: Watch insights by video
All you need to know about mining and metals M&A, capital raising, trends, risks, reporting and more! Watch our videos.
Mining Eye - London and Canadian
Our market value-weighted share price indices track the performance of:
View our series which examines the unique issues faced by mining and metals companies applying IFRS.