Our take on Diggers and Dealers 2023.
Bernard and Nadia from our mining team attended the diggers and dealers conference this year taking the opportunity to foster current relationships and “dig deep” on what the market sentiment is like after the past few months.
Some key takeaways from their road trip to Kalgoorlie are summarised below:
- Optimism for the future: Despite challenges faced in recent years, there was a sense of cautious optimism at Diggers and Dealers. Companies are focusing on innovation, technology, and operational efficiency to drive growth and improve profitability.
- Emphasis on sustainability and ESG: ESG considerations have become increasingly important. Companies are actively trying to minimise their environmental footprint, improve safety standards, and contribute positively to the communities they operate in. This shift is driven by both regulatory requirements and investor expectations.
- ?Skills shortage, the need for talent and addressing diversity: The industry continues to face a shortage of skilled professionals, particularly in technical roles. Companies are actively looking for talent to bridge this gap and are adopting various strategies, such as partnering with educational institutions and providing attractive career development opportunities.
- ?Digital transformation: The mining industry is embracing digital transformation to enhance productivity, safety, and operational efficiency. Automation, robotics, and advanced data analytics are being deployed to streamline operations and achieve cost savings. This digital transformation is not only revolutionising traditional mining practices but also creating new opportunities for professionals with expertise in areas such as data analysis, software development, and automation.
- ?Investment in renewable energy: There is a growing trend towards investing in renewable energy solutions within the industry. With a focus on reducing carbon emissions and operating costs - companies are exploring renewable energy sources such as solar, wind, and hydropower to power their operations. This transition to renewable energy not only aligns with ESG goals but also provides an opportunity for professionals specialising in renewable energy technologies.
?Overall, Diggers and Dealers this year showcased the resilience and adaptability of the mining industry. Despite challenges, the industry is finding ways to embrace innovation, sustainability, and digital transformation. There is a need to attract and retain top talent to address the skills shortage, and companies are actively investing in renewable energy solutions to reduce their environmental impact.
Diggers and Dealers highlighted the importance of proactive adaptation and forward-thinking in the mining industry to stay competitive and thrive in the changing landscape.
