Mining
A New Vision for the Mining Company of the Future
A New Vision for the Mining Company of the Future
In 2012, a diverse group of global leaders met at the KIN Catalyst conference in Brazil. With representation from business, academia, nonprofits and government, the group convened and collaborated to discuss the look of the Mining Company of the Future.
Participation in the discussions came from a range of stakeholders. Mark Cutifani (CEO of Anglo American), Ray Offenheiser (President of Oxfam America), and Peter Bryant (Senior Fellow, Kellogg Innovation Network) all co-chaired the discussions. There was also representation from organizations such as Vale, AngloGold Ashanti, The Ford Foundation, Harvard University, Global Indigenous Solutions, and many other organizations.
Together, these different parties identified a set of priorities that could help shift the industry. The consensus was that mining needs to change proactively in order to design their own destiny – or someone or something else will.
Mining companies today face a complexity of problems: spiraling costs, government intervention, deepening pits, lower ore grades, and declining productivity are just some of the issues. Communities are not trusting mining, and this creates additional uncertainty. It is harder to find and start a mine than ever before. Combine this with today’s capital environment and struggling commodity prices, and it creates a very difficult picture.
Since the KIN Catalyst conference in 2012, the working group has developed a much more extensive framework for mining companies, called the Development Partner Framework (DPF). This framework is outlined in the above infographic. If you are looking to get involved, the organization can be contacted at [email protected]
For more information on the KIN Catalyst: Mining Company of the Future at the Kellogg Innovation Network, visit the website: https://www.kinglobal.org/catalyst.php
What do you think? Is this vision possible – and what are the biggest challenges facing the industry?
Mining
Visualizing the Copper Investment Opportunity in One Chart
This infographic from Sprott shows how early investors may benefit from the rapidly increasing demand for copper.
Visualizing the Copper Investment Opportunity in One Chart
Copper is essential for clean energy applications such as solar panels, wind turbines, and electric vehicles (EVs), as well as for expanding electrical grids.
The surge in demand for the metal, driven by the growing adoption of these technologies, presents a unique investment opportunity for early investors in copper mining companies.
This chart by Sprott explores the growing gap between copper supply and demand until 2050, based on projections from BloombergNEF’s Transition Metals Outlook 2023.
Projected Copper Supply vs. Demand
Copper is naturally abundant on Earth, but extracting the metal at the pace necessary for an electrified economy could be a challenge. The timeline for bringing a copper mine from discovery to production is lengthy, averaging over 16 years.
Top producers like Chile and Peru are facing strikes and protests, along with declining ore grades. Russia, ranked seventh in copper production, faces an expected decline in production due to the ongoing war in Ukraine.
Meanwhile, the increasing adoption of carbon-free technology only highlights copper’s significance.
High Demand for Transport and Electricity Grid
The demand for copper in the transport sector is projected to increase by 11.1 times by 2050, from 2022. EVs, for example, can contain more than a mile of copper wiring.
Additionally, the demand for copper needed to expand the global electricity grid is projected to increase by 4.8 times by 2050, from 2022.
By 2030, the copper supply gap is projected to approach 10 million metric tons, with both copper prices and copper mining stocks potentially set to benefit.
As the world embraces clean technologies, the search for and expansion of copper mines will be essential. Early investors who gain exposure to copper miners may benefit from the rapidly increasing demand.
Sprott offers convenient exchange-traded alternatives for investors seeking exposure to copper miners.
Learn more about Sprott Energy Transition ETFs.
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