To reverse a decade-long decline in productivity, mining and metals companies need to implement whole-of-business solutions to recover lost ground. Increasing profits will be achieved by finding and retaining the best talent to build relationships with communities and stakeholders, and to see these sweeping changes through.
A risky business
Declining productivity, allocation of capital and social licence to operate have been identified as the top three risks to mining and metal businesses by Ernst and Young (EY) in their Business risks facing mining and metals 2014-2015 report released this week. (more…)
Exploration and mining companies are better known for enormous holes in the ground and environmental disasters than their social and environmental efforts, but the industry is leading the way when it comes to increased corporate social responsibility (CSR).
Unfortunately they still have an image problem!
Many companies are struggling to communicate the social and environmental progress they have made as they carry out the necessary business of resource extraction. And they are confusing the very people they are trying to impress in the process – local communities. (more…)