EY publishes top 10 business risks and opportunities for mining and metals in 2024

During June and July 2023, EY surveyed or interviewed over 150 mining executives, including those in the C-suite, as well as leaders in human resources, sustainability and technology, across all major mining regions.

In brief the EY report finds:

• ESG is attracting more scrutiny from investors and the community. Better use of data and a focus on net-positive impact can help meet growing expectations.
• Capital rises to #2, as the mining sector grapples to fund the expansions required to meet increasing demand for minerals crucial to the energy transition.
• Cybersecurity is becoming a bigger issue as the pace of digital transformation accelerates across the sector.
This year’s ranking highlights the complex operating environment miners will face in 2024.

Other top findings include:

• Expectations of investors and stakeholders have been underestimated and continue to increase.
• The pace of change has accelerated.
• Risks today are highly complex, interlinked and impact each other.
• Building trust and articulating value can evolve the sector’s brand.

Read the full report and download it here.