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Resilient and resourceful: PwC’s 17th annual review of global trends in the mining industry
The Top 40 mining companies are so far weathering the COVID-19 storm mostly unscathed, and certainly better than many other sectors. A remarkable feat, given that global growth is expected to decline in 2020.
The ability of the Top 40 to ‘resource the future’ continues to be relevant in the current environment as many governments will appreciate mining for being a bedrock of economic recovery out of this crisis.
In some respects, the mining sector is well-situated in the wake of COVID-19. But the longer-term impacts remain uncertain, and ongoing disruption is likely. Top 40 miners should take advantage of their current position of financial stability to revisit their strategies; consider a collective step up in ESG behaviours, metrics and reporting disciplines; and undertake a review of cyber risk within the broader remit of safety first. These measures will ensure their businesses can enhance their resilience over the long term and meet the demands of the global economy to maximise the opportunities to resource the post COVID-19 future.