Global Mining Outlook 2022Extracting key insights for mining leadersKPMG Internationalhome.kpmg/miningEver since we began our global survey of mining executives 12 years ago, one thing has been constant: the top risk for the industry has always been commodity prices. So this year marks quite a moment: commodities markets have lost their place at the top of the risk radar, overtaken by environmental risks and regulations. The environmental, social and governance (ESG) agenda looms large — the third top risk (community relations and social license to operate) is also related to ESG.For an industry that inherently operates over the long term, these shifts in a short space of time are striking. They underline the extent to which climate change-related issues and ESG more broadly are reframing corporate priorities in mining, as in almost every business sector. They also influence the attractiveness of the industry to the new and diverse talent it requires.ESG is becoming ever more top of mind in mining company boardrooms, but this doesn’t mean that other opportunities and risks have fallen away. Commodity prices will always be the commercial lynchpin of the industry’s fortunes — and with prices riding high, executives in this year’s survey ForewordChanging timesAs the world’s supply chains look to meet rising demands, the mining industry finds itself increasingly in the spotlight, being challenged to quickly deliver the materials the world needs in a way that is acceptable to more and more stakeholders. In my view, transparency and high-quality engagement will be critical. For those who get it right, I believe the rewards will be significant!”Trevor Hart Global Head of Mining KPMG Internationalare g...
