Preparing for an exciting future for BC miners
To say 2020 was an unprecedented year is an understatement. But while commodity prices fell in the wake of the initial shock of the COVID-19 pandemic and many BC miners curtailed their operations at the start of the crisis, conditions quickly improved. With their long history of developing strong health and safety protocols, mining companies were able to work successfully with governments and health officials to adapt their mine sites so they could continue operating. Prices for many commodities began to recover in anticipation of an eventual global economic rebound, with gold showing particular strength during much of the year.
With miners having successfully navigated a difficult period in 2020, we see signs of optimism for the rest of 2021. According to our 2021 CEO Survey, 82% of global chief executive officers in the mining industry think economic growth will improve over the next 12 months. This has many mining executives planning for future growth. According to the survey, 72% are planning to pursue organic growth activities in the next 12 months.
This year’s report builds on that spirit of growth and optimism to explore what a new agenda for BC miners can look like. After proving how adaptable and resilient they can be during a disruptive event like a pandemic, now is the time to further accelerate change, transformation and progress on critical priorities like sustainability and environmental, social and governance (ESG) matters. To help miners do this, we outline concrete actions they can take to prepare for the exciting future that’s to come.