Over the past year, the prospects for mining companies have improved with the market's recovery from the global economic crises. Now, a strong demand for commodities is leading many mining executives to loosen their purse strings to focus on growth.
A recent PwC report found many mining companies are planning for moderate or aggressive growth over the short to medium term. With the recession's impact still a recent memory, however, mining executives cannot afford to lose sight of the need to also cut costs.
The following article, published in the February/March issue of Canadian Mining Journal, provides advice on making sustainable cost reductions, reducing non-essential spending, changing your organization’s cost culture, and more. Republished with permission.