A resources sector attempting to traverse the challenging landscape from exploration to production is increasingly faced with mining data every bit as critical as the minerals being targeted.
Amid geopolitical tensions, rising ESG demands and the gap between price forecasts and market reality, the ability to make the right decision at the right time is paramount. With a fundamental need for resource companies to replace diminishing reserves – and new discoveries likely to be under cover, at depth and more complex in structure – the industry faces challenges on multiple fronts.
Global consultants Deloitte, in its Tracking the Trends 2024 report, said the mining and metals industry finds itself at the centre of a complex matrix of challenges and opportunities, expectations, and demands.
Capturing, analysing, and acting on data are themes running through its 10 trends of 2024. Similarly, consultants EY in its 2024 assessment of risks and opportunities said business leaders anticipated a surge of investment in data and technology, driven by demand across the business for digital solutions to reduce costs and improve productivity, safety and ESG outcomes.
