With large expansion projects on hold across the resources sector, we are seeing several trends emerging across mining, energy and infrastructure which are presenting new opportunities for our clients. These trends include:
A serious reduction in capital spend within oil and gas have created an influx of high-quality candidates in the market. These project managers, engineers, controllers and construction supervisors have the right principles and practices in place, with transferrable skills that align well with project roles in the mining sector.
This trend presents a great opportunity for mining organisations looking to secure top-level talent at a volume not often readily available. The uncertainty around economic conditions going forward is also seeing many candidates adjust their priorities in terms of what is most important in their next role. The focus on higher pay rates we consistently see during boom periods has been replaced with a stronger desire for job security, longevity, and opportunity. This is giving project leaders the ability to secure great talent in a way that also matches the need to keep project costs down in the current environment.
The sale of several operations and a number of mergers and acquisitions across the mining sector indicate the heavy focus companies are placing on streamlining operations and portfolios will continue. Just recently Evolution Mining’s Cracow Gold Mine sold to Aeris Resources. A proposed deal is also on the table that could have Vale helping fund New Century Resources troubled New Caledonia nickel mine.
We will continue to see changes in the landscape as companies look to claw back capital which can then be pumped into different areas of the business. Operational excellence is set to remain front of mind. As is a heavy priority on safety and efficiency.
Tier One mining companies have been focused on the implementation of automation technology for several years now. The movement of staff and on-site challenges driven by COVID-19 restrictions have resulted in the perfect environment to see the benefits of this technology come to life.
Remote operations centres are being embedded in head offices allowing a range of work to be managed remotely including the control of trucks from pit to port. Drone technology is also being utilised to take photographs on site when a team member cannot be physically on location.
The challenges of getting project staff onsite with closed borders and reduced numbers on flights have only helped demonstrate the benefits automation technology can deliver. We anticipate this trend to continue going forward.
28 Mar 2024