This is resulting in a range of challenges for the mining industry:
- Improving productivity to increase volumes and reduce costs for mining companies already in operation.
- Complex regulatory and policy changes (e.g. tax reforms, carbon pricing).
- Expansion into Asia and African regions will require real expertise, insight and understanding of these regions, and their economic, business and regulatory landscapes to fully realise their growth ambitions, while managing sovereign risk issues.
- Managing the changing price of commodities and high input costs (particularly regarding Asia) will be crucial for companies in growth mode who have secured capital funding.
- Managing regulatory approvals and permits to develop, especially for companies with new project to fund and develop.
- Finding risk capital to invest into a high cost environment for new projects, particularly as the exchange rate starts to move around.
- Mining projects automation, which will continue to emerge as a core focus and present a major operating shift for Australian mining companies.
KPMG’s Global Mining Group works with companies across the project lifecycle from explorers, developers, producers, services companies and public sector bodies charged with regulating and advocacy within the mining sector.
The team delivers services covering:
- traditional audit and tax
- a range of advisory offerings including transaction support, debt advisory, management and risk consulting.
Our advisers offer timely, practical and objective advice and draw on KPMG's extensive global network of technical and industry resources.
For more information visit kpmg.com/miningaspac.