In the ever-evolving landscape of the mining and metals industry, 2024 presents a myriad of challenges and opportunities. Consulting firm Ernst & Young continues to monitor emerging and transitioning trends within the mining and resource sector and have identified the top 10 risks and opportunities for 2024.
ESG remains a key area of risk and opportunity, with continued pressure coming from investors and capital markets. While the mining and resource sectors have made significant progress in the ESG space, rising concerns regarding capital investment places even greater emphasis on addressing key ESG risks.
Related, yet distinct, is the risks posed by climate change. Whether it be increasing temperatures or environmental instability, climate change must continue as an area of progressive innovation and focus. EY identify the inherent conundrum that is the circular requirement of producing carbon emitting resources to drive greener and more sustainable solutions.
Further than access to capital, ESG initiatives, and the impacts of climate change, the rising cost of production continue to be a focus. Although inflation has started to stagnate, increased competition for labour, costs of technology, and transport costs all continue to impact production. Companies must focus on improving production efficiencies and drive innovations within technology, transport, and the workforce.
Additional areas of risk and opportunity include increasing competition for capital, license to operate, cyber risks, geopolitics, digital innovation, new business models, and workforce challenges.
Bus 4×4 recognises the intricate challenges the mining sector faces and is here to assist mining and resource companies in their business endeavours. Specialising in converted 4×4 vehicles, Bus 4×4 can help mining companies navigate the challenges outlined by EY, improving efficiencies, lowering environmental impacts, and lowering production costs.
Our 4×4 converted Toyota HiAce and Coaster buses are highly sought after for quality of design, enhanced safety features, and ease of customisation. We offer innovative solutions that align with the industry’s efforts towards decarbonisation.
Read the full EY report here: https://www.ey.com/en_au/mining-metals/risks-opportunities
Bus 4×4 remains a reliable industry partner for the mining sector, providing vehicle solutions that address key risks and leverage opportunities. By offering purpose-built 4×4 vehicles that align with the industry’s evolving needs, Bus 4×4 reinforces its commitment to supporting companies in their pursuit of success amidst challenges and uncertainties.
Talk to our team to explore fleet vehicle solutions for your mining site.
