Global Mining Projects in Progress 2020
Global mining Covid-19 impact
The global mining industry has not escaped the impact of the Covid-19 pandemic and is facing a new reality, with measures to curb the spread of the virus impacting on economies, mining operations and their supply chains, manufacturing industries, the general public and, consequently, the demand for minerals and metals.
The impact has been significant.
Consulting firm PricewaterhouseCoopers avers that “the COVID-19 pandemic is challenging several long-held truths about mining. Many miners, some for the first time, are experiencing the downside of global supply chains, ultralean operations and specialisation,” and more disruption is expected in the coming months before a vaccine is made available. This is expected to result in a decline in global minerals and metals production for 2020, compared with 2019.
In terms of demand for minerals and metals, these will also be affected in 2020, with credit rating agency Fitch Ratings concluding that global economic recovery from Covid-19 will be uneven and challenging – factors that are emerging as the effects of the pandemic continues to spread in key demand markets. This could delay the recovery in demand in the mining sector.
While it is not possible to predict how Covid-19 will further unsettle the mining industry, what is clear is that the mining industry must reconfigure and prepare itself to operate under a new normal, one in which it can operate and sustain itself under the new constraints and challenges that such pandemics bring with them.
Nonetheless, globally, mining currently offers a very compelling proposition, with several excellent prospects in the pipeline.
Only time will tell if the economic impacts of the global lockdown on the mining sector are worse than the pandemic itself.
Creamer Media's Research Reports are available to subscribers.
- If you are a Research Chanel Africa subscriber, click here to log-in to Research Chanel Africa.
-
If you are a
magazine-and-online subscriber to Creamer Media's
Engineering News & Mining Weekly, your subscription entitles you to
one free research report of your choice. You would have received a promotional code
at the time of your subscription. Have this code ready and click on "Buy Report". You will be directed to the Creamer Media Online Store and, at the
time of check-out, please enter your promotional code to download your free report. Email
subscriptions@creamermedia.co.za
if you forgot your promotional code.
If you have previously accessed your free report, you can purchase additional Research Reports by clicking on the “Buy Report” button below the Research Report that you wish to purchase and you will be directed to Creamer Media's Online Store. -
If you are not a subscriber, you can either buy the individual research report by clicking on “Buy Report” or you can subscribe and,
not only gain access to your report, but also enjoy all other subscriber benefits. Click on the “Subscribe and Download” button if you wish to
subscribe or find out more.
The most cost-effective way to access our Research Reports is by subscribing to Creamer Media's Research Channel Africa - you can upgrade your subscription now at this link.
Comments
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOMSponsored Posts
SPONSORED POST
Latest Multimedia
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
