Top 10 Associations raising awareness for the mining industry
Associations play a critical role in raising awareness for the mining industry. They are the sector’s biggest advocate, helping to promote and maximize the contribution of mining, minerals and metals to sustainable development. They provide leadership and opportunities to members as well as drive social, economic and environmental progress.
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While the industry is a central figure in making modern life work, the mining sector needs all the support it can get. The following 10 associations are doing just that.
The World Gold Council (WGC) is a market development organization that works to stimulate demand for gold, develop innovative uses and take new products to the market. The WGC is everything gold and their voice is heard throughout the entire mining industry.
Focused on advocacy, networking, representation and support, the Global Association of China (GMAC) is committed to supporting the body for both companies and individuals within the international mining community in China.
8. The AusIMM
The Australiasian Institute of Mining and Metallurgy (The AUsIMM) represents 1,400 individuals in the global mineral industry. Since 1893, the Association has provided services to professionals engaged in all aspects of the global minerals sector
With members such as ArchCoal, Anglo American, Glencore, BHP Billiton, Rio Tinto, Caterpillar Inc. and Joy Global, the World Coal Association (WCA) is the premier organization for the coal industry. The WCA strives to demonstrate and gain acceptance for the role coal plays in achieving a sustainable and lower carbon energy future.
As one of the oldest trade association in the world, the Nevada Mining Association aims to provide accurate and credible information about mining in Nevada--the leading mineral producing state in United States. The Association conducts education and lobbying on behalf of mining companies and related industries, and strives to build relationships and get involved in current issues related to the Nevada mining industry.
Euromines plays a fundamental role in Europe’s mining industry. In addition to acting as an interface between the European extractive industry and the European authorities and international or intergovernmental bodies, Euromines strives to promote the benefits of the mining sector and its value of both the product and the industry to society.
The Minerals Council of Australia (MCA) represents Australia’s exploration, mining and minerals processing industry, both nationally and internationally. The Association aims to support public policy and operational practices for a global competitive minerals industry. Members of the MCA represent 85 percent of Australia’s annual mineral production and more than 90 percent of mineral export earnings.
The Prospectors and Developers Association of Canada (PDAC) represents the mining industry’s voice in Canada. Founded in 1932, the PDAC has a rich history of promoting a responsible, vibrant and sustainable Canadian mineral exploration and development sector. The Association’s primary role includes advocacy, information and networking.
2. National Mining Association (NMA)
As the voice of America’s mining industry, the National Mining Association (NMA) represents U.S. mining before Congress, the administration, federal agencies, the judiciary and the media. The Association dedicates its resources to focusing on policymaking, regulatory and permitting matters, including litigation.
Since 2001, the International Council on Mining and Metals has served to improve performance in the global mining and metals sector. With 21 of the biggest names in mining, the ICMM aims to drive economic, social and environmental progress through innovative initiatives, programs and guidelines in order to strengthen the contribution of mining, minerals and metals to sustainable development.
Deloitte predicts industry transformation - Tracking the Trends 2019 report
Deloitte has published the eleventh edition of its annual report on the mining industry. Tracking the Trends identifies the top ten trends transforming the future of mining in 2019
The Deloitte report endeavours to provide the mining industry with insights it can leverage to support its continued quest for productivity, capital discipline, strategic development and sustainable growth.
Philip Hopwood, Deloitte’s Global Leader - Mining & Metals, commented: “It appears that the mining industry is poised for greater growth than it’s seen in a decade, but today’s market realities are very different than those of the past. We’re now dealing with geopolitical tensions in the form of trade wars and tariff concerns, as well as looming asset shortages. Rising commodity prices should fuel expansion, but could also result in a return of inflation and the costs that go with it, eventually eating into margins.
Disruption and volatility has become the new normal and the pace of change is outpacing our ability to adapt. This makes it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again.”
Here are the key messages provided by the 2019 report:
- Disruption and volatilitymake it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again. To thrive into the future, mining companies will need to challenge the status quo by soliciting a diversity of opinions and taking the risk to do things differently.
- Technology and artificial intelligence (AI) will play a key role, not only in helping companies envision future scenarios, but in identifying risks at an enterprise level and transforming the supply chain. Moreover, advances in finance platforms, sensor technology, autonomous vehicles, cloud- based solutions, and analytics are paving the way for the design of a digital mine.
- Understanding the needs and perceptions of people both inside and outside the organization will be critical. Companies must build a more diverse workplace and address succession planning, while fostering loyalty and retention among existing employees. At the same time companies must do more outreach to local communities, governments, and consumers so they can be more transparent and receptive.
Top Ten Trends Transforming the Future of Mining:
- Rethinking mining strategy - Embedding the discipline to deliver measurable value across the cycle
- The frontier of analytics and artifcial intelligence- Moving up the maturity curve
- Managing risk in the digital era - Exploring a new approach to controls and risk management
- Digitizing the supply chain - Why innovation requires integration
- Driving sustainable shared social outcomes - Finding value beyond compliance
- Exploring the water-energy nexus - Making the case for a systematic approach
- Decoding capital projects - Learning from past mistakes
- Reimagining work, workers, and the workplace - A blueprint for the future
- Operationalising diversity and inclusion programs - From theory to practice
- Demanding provenance- EVs and battery minerals provoke the desire for provenance