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We have started with a desire to vend our own u2018new and usedu2019 heavy construction equipment in a cost-effective way on a global platform. We identified a requirement from our international partners, who in turn wanted an online portal to sell their mining and construction equipment within Australia.
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The top 4 risks facing the mining industry Visit : www.miningequipmentsales.com
We’re all aware mining is a high risk industry, but which risks have the most impact? Sierrawood School • COVID-19 is clearly a dominant issue facing the sector in 2020, however the latest report by EY Global Mining shows that while the pandemic not only heightened many risks it also created new opportunities. • According to the report, here are the top 4 risks to be aware of. Social Science Class
License to operate • License to operate (LTO) remains the number one issue for miners, with 63% of survey respondents flagging it as a top three risk for them. • As effective engagement becomes even more critical, the report suggests miners should consider engaging with the community more. • This is due to more pressure from local communities on how miners respect indigenous human rights and native title, national communities may push for a return to resource nationalism and pressure to provide ownership of assets to communities.
High-impact risks • In 2020, the COVID-19 pandemic demonstrated the importance of understanding and reviewing these high-impact risks, particularly as there is a significant link between a company’s ability to manage them well and its LTO. • The report states that the experience of the pandemic heightened stakeholder expectations around how enterprises prepare for, manage and monitor all high-impact risk exposures. • Productivity and rising costs • Rising costs and productivity remain on the radar as the complexity of mining increases. The impact of COVID-19 has been mixed, with some restrictions imposing new, unforeseen costs and other measures removing silos that hindered productivity.
The green agenda • Decarbonization and the green agenda has become a more prominent issue as social responsibility and broader stakeholder demands intensify. • The pressure to reduce greenhouse gas (GHG) emissions remains the biggest environmental issue for mining and metals companies. Authors of the report believe that COVID-19 has offered miners an opportunity to reset operations and increase their environmental focus.
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