Miners dig deep as the pain sets in

Miners are responding to sectoral distress with a renewed focus on efficient, active management. It’s a silver lining that will enable better value extraction from current assets.

It’s about a year since the dramatic fall-off in commodity prices – particularly coal and iron ore and more recently gold – began to affect the outlook and business plans of the resources sector. What is becoming apparent from views expressed by 60 mining leaders in this year’s Mining Business Outlook Report, compiled by Newport Consulting, is a recognition that the industry must urgently start to proactively plan for continuing low prices and tough market conditions.

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