Mining: Assessing the pandemic impact

The sudden outbreak of COVID-19 has sent shockwaves across industries, including mining. Encouragingly, major miners have shown resilience during the pandemic through appropriate risk management to reduce infection risks that could have potentially jeopardized operations. This has resulted in uninterrupted production operations in major mining economies. However, the impact of the pandemic on commodity prices due to demand variability will require miners to continue focusing on safety, optimize operations, and remain financially sound.

Now, more than ever, mining companies are required to play a crucial role in protecting the health of employees and partners, support local economies, as well as become purpose driven, adaptable, and resilient organizations. This paper discusses the ways miners can rapidly address the changing workforce and supply chain needs, while navigating the financial and operational challenges towards recovery and rebound.