{"id":9310,"date":"2025-01-02T13:55:29","date_gmt":"2025-01-02T13:55:29","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=9310"},"modified":"2025-01-26T16:43:06","modified_gmt":"2025-01-26T16:43:06","slug":"mining-industry-ready-for-transformation-ey-report","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2025\/01\/02\/mining-industry-ready-for-transformation-ey-report\/","title":{"rendered":"Mining industry ready for transformation: EY report"},"content":{"rendered":"\n

by Josephine Patterson<\/em><\/p>\n\n\n

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Accounting giant EY\u2019s latest survey of senior mining and metals leaders has revealed that the sector is ready to embrace the transformation needed to meet soaring demand in the green energy transition. However, it will first need to overcome a trifecta of challenges.<\/p>\n\n\n\n

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According to the survey, which was conducted in June and July, capital is the number-one risk for mining and metals companies in 2025. \u201cMiners continue to face increased scrutiny from investors on how investment is deployed, with a strong focus on capital discipline and returns,\u201d said EY officials. \u201cAgainst this backdrop, companies are accelerating growth and amplifying value through mergers and acquisitions (M&A), spinning off noncore assets or high-growth assets.\u201d<\/p>\n<\/blockquote>\n\n\n\n

In its report, EY said miners should consider evolving their capital strategy to navigate long-term challenges, such as refocusing core business areas and prioritizing initiatives that align with strategic objectives and goals. Companies should also consider investing in managing sustainability risk, noted the firm, by financing new technologies aimed at preventing adverse events.<\/p>\n\n\n

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A list of EY\u2019s top 10 risks and opportunities for next year and, where they ranked in 2024. Infographic: EY<\/em><\/figcaption><\/figure>\n\n\n

Rounding out the top three risks and opportunities for mining and metals companies next year, according to EY\u2019s report, are environmental stewardship and geopolitics. Miners have elevated environmental stewardship above a broader focus on ESG. \u201cThe push toward nature positive \u2013 the goal to halt and reverse nature loss by 2030 \u2013 has been led by the International Council on Mining and Metals, and almost half of our survey respondents say they are confident of meeting their nature-positive obligations,\u201d said EY.<\/p>\n\n\n\n

Regarding geopolitics, EY said more governments are prioritizing self-sufficiency in strategic sectors, such as mining, to bolster national security. Therefore, miners may need to consider different approaches (for example, JVs with local companies and licensing) to help derisk investment in new projects in certain geographies. Additionally, companies should consider building supply chain resiliency and exploring opportunities in electric vehicles and energy.<\/p>\n\n\n\n

EY\u2019s \u201cHow do miners confidently shape opportunities to create new value? Top 10 business risks and opportunities for mining and metals in 2025\u201d can be viewed on the firm\u2019s website, www.ey.com<\/a>.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

by Josephine Patterson Accounting giant EY\u2019s latest survey of senior mining and metals leaders has revealed that the sector is ready to embrace the transformation needed to meet soaring demand in the green energy transition. However, it will first need to overcome a trifecta of challenges. According to the survey, which was conducted in June and July, capital is the…<\/p>\n","protected":false},"author":6,"featured_media":9403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1686,3529],"coauthors":[1634],"class_list":["post-9310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","tag-green-energy","tag-mergers-and-acquisitions"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/northamericanmining.com\/wp-content\/uploads\/2025\/01\/Leer-Mine-Complex.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts\/9310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/comments?post=9310"}],"version-history":[{"count":2,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts\/9310\/revisions"}],"predecessor-version":[{"id":9316,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/posts\/9310\/revisions\/9316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/media\/9403"}],"wp:attachment":[{"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/media?parent=9310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/categories?post=9310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/tags?post=9310"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/northamericanmining.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=9310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}