It’s clear that the mining industry is still fragile reflected by the trending on commodity prices and the drastic actions that some (larger) mining companies have taken early in 2016. However, my travels to both Mining Indaba and PDAC earlier this year, where I caught up with many in the mining industry, gives me more reason to remain positive as we continue to respond to the current downturn.
The need for a “new norm,” whereby the growth and success of mining companies is not solely dependent on trading prices of minerals & metals, is gradually being acknowledged throughout the industry. Mining organizations no longer need to be constrained by external market conditions – they can improve their operations, motivating financial returns, through their own actions and decisions.
Change is possible, especially in tough market conditions.
We’ve heard it before, but to become a more adaptable and sustainable business, the mining industry must become more robust, rapidly adaptable to both the economy and commodity demand to better exploit opportunities in the industry. Mining needs to reclaim lost productivity and ensure safe operations.
One of the best ways the mining industry can overcome these challenges is to look to the successes found in other industries and learn from them. With the right technology, mining companies can improve productivity, control costs, and seize opportunities to better manage risk in unpredictable markets.
By adopting GEOVIA applications and Dassault Systèmes’ technologies for Natural Resources, Mining organizations can help reach operational stability as the first step on a virtuous journey to excellence and agility. Our goal is to bring the best practices from global manufacturing, aviation and automotive sectors to mining to create a culture of digital, lean and agile business.
For more insights from Raoul Jacquand, read our earlier post: 5 Questions with the New CEO
Raoul Jacquand
Latest posts by Raoul Jacquand (see all)
- Bringing Science to the 3DEXPERIENCE Mine - March 5, 2019
- GEOVIA and Sodern to Collaborate on Near Real-time Mineral Resource Assessment - March 14, 2018
- GEOVIA POWER’BY: Collaboration Across the Mining Organization - December 22, 2017
