The report, based on an annual survey of senior mining and metals leaders from organizations with $1 billion in revenue, outlines the top 10 business risks and opportunities for mining and metals as 2025 approaches. EY conducted the survey in June and July, collecting 353 responses.
Second in the ranking is environmental stewardship, and companies focus on preserving nature amid mining activity; and in third is geopolitics, such as the United States’ plan to source and process critical minerals from countries outside China’s influence; in fourth place is resource depletion; and in fifth is miners’ licence to operate.
Costs have increased not just because of inflation, but also because community standards are changing, Yameogo said. For example, miners in Chile need to build desalination plants rather than using fresh water that local communities depend on.
“It makes mines more costly to build. You have capital to do just…
