
How mining companies respond to crises

How the mining industry can build resilience in a postpandemic
2021年1月13日 Companies should build greater resilience through initiatives such cybersecurity, deploying digital technologies that increase flexibility and efficiency, and creating mechanisms for dynamically adjusting production capacity to meet changing demand These efforts are critical, The mining industry’s response has been swift and aligned, and has been driven How has the mining industry 2024年4月1日 This study leverages resilience theory and borrows insights from risk management literature to build a framework of mining industry supply chain resilience to help Mining industry risks, and future critical minerals and metals 2020年5月26日 Mining companies should consider acting across five stages, leading from the crisis of today to the next normal that will emerge after the battle against coronavirus has been won: Resolve, Resilience, Return, Mining companies and COVID19 McKinsey
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The impact of the coronavirus pandemic on the mining
2020年7月24日 Understandably, the ongoing impact of the pandemic on the mining sector remains uncertain; however, we are learning more each day about how the crisis is affecting demand for commodities, supply chains, and — Adjust millfeed qualities by optimizing active mining areas per current and longerterm market conditions — Reinforce communication across the whole value chain: exploration, mine, plant, Mining companies' response to coronavirus2021年2月1日 In response to the crisis, mining companies would likely keep automating and digitizing their operations and assets to mitigate risks Governmental stimulus, including an accelerated infrastructure agenda, could Mining risk: Resiliency amid volatility Deloitte Insights2020年6月18日 Mining and metals companies have responded quickly to the immediate workforce safety challenges presented by COVID19, drawing from a long background of How miners can pivot from crisis to transformation
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Covid19 and Mining: Coming Back Stronger Bain
2020年7月7日 To fortify mining companies for a more disruptive reality, leaders are embedding the best of their crisis response into their organizations Many are adopting new working models that improve flexibility and worker safety, as 2021年6月29日 Most mining companies are less prepared for future broad economic shocks today than they were during the global financial crisis and many prior crises The longterm effects of the COVID19 pandemic are unknown, Value Creation in Mining 2021: Emerging from a Rocky 2020年9月14日 The mining industry’s response has been swift and aligned, and has been driven by two key priorities Firstly, protecting the health and safety of employees and local How has the mining industry responded to COVID19?2020年7月24日 As we start to understand better the impact of crises on the demand for different commodities, it is important to acknowledge the diversity of end uses and therefore the (potentially) sharp variations in how they behave The impact of the coronavirus pandemic on the

How a crisis can help to reshape businesses: lessons
2020年8月11日 From social unrest to earthquakes and disease outbreaks, the possibilities are endless It is, therefore, important for mining companies to be disciplined when it comes to managing a crisis – as failure to properly execute 2023年5月9日 Minerals and metals are the building blocks of our economy They make up the computers and smartphones we rely on, they form the vehicles and public transit that get us places, they are part of the buildings where we The Canadian Mining Story: Economic Impacts and 2023年7月28日 how mining companies respond to civic social pressure by considering two cases that have experienced much conflict in South Africa Based on eighteen indepth interviews and an analysis of company and media reports, our case studies demonstrate that mining companies primarily use CSRandSLO toassertand maintaincorporate control underthe guiseof Evolution of Mining Company Responses to Civil Society 2020年8月4日 With the COVID19 pandemic outbreak catching multiple companies and entire industries off guard, it might be time for mining companies to reassess their supply chain risks and build more resilienceHow mining companies can build more resilient supply chains
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Responding to Crisis: A Spotlight on Your Organization
2020年4月16日 First, Callander points out, it’s a nonroutine event Organizational success is typically built around effective, efficient routines, which is in part why crises are difficult to grapple with Second, because a crisis can make a sudden and significant impact on an organization, it demands an immediate responseSolidarity contribution from fossil fuel companies Oil, gas, coal and refinery companies have also made massive profits in recent months, mostly due to energy market disruptions spurred by Russia’s invasion of Ukraine, rather than business decisions or investments These companies are not impacted by the aforementioned measuresEU action to address the energy crisis European Commission2023年2月2日 The humanitarian disaster in this forest region, however, was not caused by crop failure or war, but by illegal mining and genocidal neglect by the state An investigation by our Amazonbased news platform Sumaúma found that 570 infants under the age of five died of preventable diseases in the past four years, a 29 percent increase over the previous four yearsHow Illegal Mining Caused a Humanitarian Crisis in the AmazonIn some African countries, environmental problems and social issues caused by mining have led to protests and conflicts between mining companies and communities around mining areas Mining has often been associated with deforestation, land degradation, air pollution, and disruption of the ecosystemMining in Africa 2024: Strategies to address persistent challenges

How mining companies can build more resilient supply chains
This helps mining organisations to deliver iron ore loads and other cargo on time, while increasing efficiency across their entire operations” Gibbs Stewart says more transparency between governments and METS companies will enable companies to better respond to the sector’s requirements in the future2017年12月17日 The purpose of the assessment protocol is to provide guidance to the member companies in completing their evaluation of crisis management and communications planning against TSM indicators The assessment Crisis Management and Communications Planning 2024年11月19日 Yet the EU’s response to crises needs to evolve In the future, the EU must be ready to face acute crises of a different nature, which could be multifaceted or hybrid, have cascading effects or occur simultaneously How the EU responds to crises and builds resilience2009年7月1日 The mining sector is no stranger to disasters and accidentsIn the United States between 50 and 100 miners lose their lives each year working to extract resources Mining companies cannot control Communicating in the Face of Disaster
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How Energy and Natural Resources Companies Are Responding
2022年6月14日 For most companies, a critical component of their response to the crisis is finding ways to make their businesses, operations, and supply chains more resilient It’s becoming increasingly prudent to prioritize resilience over low cost or efficiency “Just in time” has been replaced by “just in case”2022年4月6日 Respond with nearterm actions and reposition for longerterm success For example, companies should determine which capital projects in the queue they should accelerate to take advantage of a changed business environment Companies also need to evaluate supply chain and strandedasset risks and determine where they should invest in resilienceHow Energy and Natural Resource Companies Are Responding to 2023年9月12日 “The forced evictions taking place as companies seek to expand industrialscale copper and cobalt mining projects are wrecking lives and must stop now,” said Agnès Callamard, Amnesty International’s Secretary General “Amnesty International recognizes the vital function of rechargeable batteries in the energy transition from fossil fuelsForced evictions at industrial cobalt and copper mines in the DRCNew Emergency Response Act of 2006 (MINER Act) [Pub L 109236] in response to the Sago Mine explosion in 2006 Part of the MINER Act requires operators of underground coal mines to improve accident preparedness The MINER Act obligates coal mining companies to develop an emergency response plan specific to each mine they operateCrisis management
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Crisis Management and Communications Planning Reference
2016年6月1日 This reference guide has been designed to assist your company in developing or improving your plans for responding to, and communicating during, a crisis It is a planning guide and deals with external and internal communications issues, not operational issues, and reflects best practices drawn from the mining as well as other industries We hope []However, mining companies show mixed results on responsible sourcing and contracting in the RMI Report 2020 While the vast majority of companies mention the existence of a responsible sourcing approach, only a few companies demonstrate they have formal systems in place to assess any human rights issues associated with their suppliers andTime to normalise respect and remedy for Human Rights in mining2006年9月1日 1 Product harm crises: A major threat to companies Contaminated CocaCola cans in Belgium, poisoned Tylenol capsules in the United States, defective Firestone tires in the United States, Venezuela, and Saudi Arabia, and, most recently, patients becoming ill after using Vioxx: these are but a few examples of product harm crisesHow should a company respond to a product harm crisis? The 2022年4月26日 When we first began thinking about this project on how managers and their MNEs might respond to political risk and crises abroad, a “dominant logic” (Prahalad Bettis, 1986) at the time was bargaining power theoryA key tenet of bargaining power theory is that, before MNEs invested in a particular location, they should seek to extract protections and New ‘Dominant Logic’ on How Firms Respond to Crises: A
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How companies and industries have reacted to the covid19
How companies and industries have reacted to the covid19 crisis? The Coronavirus pandemic has tested the readiness of companies to manage crises While the level of readiness has differed significantly across businesses and industries, financial services and technology companies have led in response effectivenessMining is cyclical by nature and mining companies take a longterm view on their operations Evidence shows that when an economic downturn is on the cards, cutting back on jobs is often the first port of call to reduce costs On the positive side, there are companies that adopt a long term view to employment of staff, and work with various roleSARW: Impact of the Global Financial Crisis on Mining in Southern 2024年6月20日 While these standards differ in their approach, they all share the same intent of improving the state of mining around the world Regardless of the evaluation method, one fundamental aspect to responsible mining for the energy transition is transparency and reporting, with a new GRI standard for mining to guide the wayThe energy transition will need critical minerals and metals Here's 2021年2月15日 Crises typically meet a “ragged end,” so it’s on leaders to make an informed judgment about when to shift from crisis management to reflection and preparation While it’s tempting to want How to Reinvent Your Organization In the Middle of a Crisis

Strategic Management Journal Wiley Online Library
2020年12月29日 Research summary This study investigates how companies adjusted their investments in key strategic resources—that is, their workforce, capital expenditures, RD, and CSR—in response to the sharp increase in the cost of credit (the “credit crunch”) during the financial crisis of 2007–2009Crisis management in mining refers to the systematic approach taken by companies to anticipate, prevent, prepare for, and respond to crises effectively It involves proactive risk assessment, robust contingency planning, and efficient crisis communication to minimize the potential damage caused by crisesNavigate Mining Crisis: Crisis Management HIVO2021年5月24日 Cell phones and electric cars rely on the mineral, causing a boom in demand Locals are hunting for this buried treasure—but are getting almost none of the profitThe Dark Side of Congo’s Cobalt Rush The New Yorker2015年9月3日 The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas Incorporated as a notforprofit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no How should we respond to global economic crises?
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Incorporating competition and comparisons into crisis
2023年9月1日 1 Introduction It is common for competing organizations from the same industry to be involved in an industry crisis simultaneously and respond to the crisis in their own ways (Darmon et al, 2008, Ham et al, 2012)A wellknown example is the series of fastfood industry crises in the United States involving multiple companies, including Kraft Foods and 2006年2月1日 Product harm crises such as Vioxx and Firestone can be devastating events for companies Although lawsuits by victims tend to draw most of the attention, observers, who typically learn of product How should a company respond to a product harm Reputation Management: Navigating Crises in the Mining Industry In the mining industry, reputation is everything A company’s reputation can directly impact its shareholder value, These tools help identify trends, monitor brand mentions, and analyse sentiment, enabling companies to respond quickly and effectively to emerging threats Reputation Management: Navigating Crises in the Mining 2021年11月1日 Furthermore, we investigate if AI crises warrant new prescriptions as to how companies should publicly respond when AI fails To investigate this question, this study first reviews fundamental concepts in crisis communication and discusses where AI fits and does not fit in existing crisis response frameworks, focusing on new aspects of organizational structure “Rogue machines” and crisis communication: When AI fails,

How Companies Can Respond to the Coronavirus MIT Sloan
2020年3月9日 How Companies Can Respond to the Coronavirus The companies and employees at ground zero of the COVID19 outbreak provide insight into what works in a time of crisis — and what doesn’t Michael Hudecheck, Charlotta Sirén, Dietmar Grichnik, and Joakim Wincent March 09, 2020 Reading Time: 11 min This brief examines how climate change is affecting the mining industry and how companies are responding While mining companies have primarily focused on climate change mitigation, they are starting to take significant steps to adapt to the consequences of climate change Leading companies are developingAdapting to Climate Change: A Guide for the Mining Industry BSR2024年9月1日 Recent public health crises (eg, coronavirus disease 2019 [COVID19], swine flu) have posed significant health risks and added stress to the daily lives of the global population [1]In such situations, individuals’ selfefficacy in response to the new risks and challenges is especially important for winning the battle against the public health crisisLeveraging digital technology to improve selfefficacy in response 2021年6月29日 Most mining companies are less prepared for future broad economic shocks today than they were during the global financial crisis and many prior crises The longterm effects of the COVID19 pandemic are unknown, and much about the future remains highly uncertain, especially in terms of geopolitical instability and climate changeValue Creation in Mining 2021: Emerging from a Rocky Decade

Mining risk: Resiliency amid volatility Deloitte Insights
2021年2月1日 While COVID19 has had a range of impacts on mining companies, varying by commodity and geography, the one thing the past year has taught leaders is the value of building resilient organizations to navigate uncertain futures To build a resilient organization, mining companies should embrace scenario planning as part of their strategic planning processes5 14 Research Objectives In investigating the nature of crisis management in the Ghanaian mining industry, the study seeks to achieve the following objectives: To identify some causes of crises in mining companies in Ghana To ascertain how Newmont Ghana Gold Limited manages crises in its mines(PDF) 2020 CRISIS MANAGEMENT IN THE MINING INDUSTRY OF 2024年1月10日 Setting contextual water targets is one way companies can respond to water challenges along their value chains Several mining companies have already set water targets for their operations These are mainly focused on reducing water use, such as by repairing leaks and reusing treated wastewaterHow Critical Minerals Mining Affects Water World Resources