Join our panel for an interactive discussion on mergers, acquisitions and capital raising trends in 2016 and the outlook for 2017.
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In a diverging market, what path will you carve?
M&A and capital raising – 2016 trends, 2017 outlook
US energy policy in the Trump Administration
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
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:
- Business risks facing the mining and metals sector
Mining and metals businesses face risks that are becoming more extreme and more complex, with resource nationalism, skills shortage and infrastructure as the top three, and the newcomer being sharing the benefits.
While the demand outlook remains strong, the price peaks have passed and so there is a much greater imperative for mining and metals companies to remain nimble and sure-footed in how they manage these fast-changing risks.
- Competing for growth in the steel sector
Growth in steelmaking capacity still exceeds demand, with significant over-capacity putting pressure on operators’ profitability. Significant challenges in today’s global steel sector include:
- A shift to emerging markets
- Growth in market volatility and margin pressure
- Lack of operational agility
- A need for business models to evolve
Discover the significant challenges for this sector, how steelmakers can compete for growth and the outlook for 2012.
- Resource nationalism
Resource nationalism has remained in the top risks facing mining and metals companies for the past five year as seems to be picking up pace as governments seek to transfer even more value from the mining and metals sector.
Many governments around the world have now gone beyond taxation in seeking a greater take from the sector, with a wave of requirements introduced such as mandated beneficiation, export levies and limits on foreign ownership.
We closely follow resource nationalism, how it affects our clients and steps mining and metals companies can take to respond to this risk.
- Resource nationalism update: July 2015
- Resource nationalism update: June 2015
- Resource nationalism update: May 2015
- Resource nationalism update: April 2015
- Resource nationalism update: March 2015
- Resource nationalism update: February 2015
- Mining tax alert: Canada, March 2015
- Mining tax alert: Canada, February 2015
- Mining tax alert: Ivory Coast
- Mining tax alert: Chile
- 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.
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Global mining and metals tax guides
Are you up-to-date with the latest trends and changes to tax regulation? Download our, country specific, mining and metals tax guides for your region.
Mining tax alert
Canada announces new funding to support mining and oil and gas exploration. Find out more in our Mining Tax Alert.