Africa

Details

  • Service: Advisory
  • Type: Business and industry issue
  • Date: 4/5/2012

Capitalizing on sustainable development in mining 

The purpose of this KPMG International sector briefing is to examine how mining companies can leverage sustainable development to tackle resource constraints and socio-political challenges in remote areas in the world.
Capitalizing on sustainable development
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Industry Snapshot


Despite tough economic conditions, the global demand for mining products is generally increasing and presents significant opportunities for mining companies. However, meeting demand is a critical issue for the mining sector due to significant risk pressures – ranging from dwindling global reserves, increasing project complexity, increasing government intervention, to changing requirements from key stakeholders around environmental and social issues.


The main bottlenecks in the supply side are related to the fact that increasingly more and more mining explorations are located in remote, politically unstable developing regions of the world, often with high rates of unemployment These unstable environments, where access to input resources such as water and energy can be unreliable, require mining companies to show greater sensitivity around local concerns.


Licenses to operate will be awarded and maintained only if mining companies are seen as partners of local governments and stakeholders, as well as national levers for economic growth.

 

Contact

Contact

Shireen Naidoo
Director of Climate Change and Sustainability Services
Tel: +27 (0)11 647 5581
shireen.naidoo@kpmg.co.za