Mining is particularly sensitive to global economic swings. Owners and operators must adapt quickly to changing market conditions to stay competitive in this complex industry.
The challenge is to increase investment, throughput and capacity in boom times and improving efficiency and reduce costs in economic downturns. Agility and responsiveness are key, but companies must also ensure that their operations are safe, environmentally sound and compliant with government regulations. In addition to risking harm, lack of compliance could lead to fines or license revocation.