Deloitte Study Identifies Key Trends Shaping Mining and Metals Sector

Deloitte Study Identifies Key Trends Shaping Mining and Metals Sector

A recent study by Deloitte, titled “Tracking the Trends 2024,” highlights ten key trends that are expected to influence the performance of the mining and metals sector over the next 12 to 18 months.

The report emphasizes the importance of negotiating for growth while focusing on the future, indicating that mining companies need to prioritize purpose, social dynamics, and effective management to thrive in uncertain times.

Francisco Correia, a partner at Deloitte, praised the development and innovation seen in the Angolan diamond sector, citing visible results in production and significant economic and social impact, particularly in the eastern region of the country.

Among the trends identified in the study are the centralization of purpose in mining operations, the adoption of environmental, social, and governance (ESG) strategies, and the utilization of Artificial Intelligence (AI) amidst geopolitical tensions and talent shortages.

The report also emphasizes the importance of addressing pollution levels and implementing agile delivery models to gain a competitive edge.

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