Navigating the mine fieldWith the prospect of a global economic slowdown, falling metals prices, increasing uncertainty about demand and tightening of capital markets, the global mining and metals industry is facing a new era of both challenges and opportunities.Our Global Mining & Metals Center connects a team of over 1,000 mining and metals industry professionals, including geologists, mining engineers, mineral economists and metallurgists. At the Center, we use our wide experience of working with the world’s largest mining and metals companies to help you to address your key business issues. This might involve helping you to overcome current sector issues such as rising costs, where we can help you to streamline operational and business processes and improve productivity on key profit drivers. In this environment of increased sector consolidation, we can assist you with your divestment strategies and the realization of full value at exit. If you are looking to expand your operations to new regions, you can draw on our deep understanding of how to manage operational risks — both political and otherwise. It’s the support you need to meet the challenges of today — and tomorrow. | Strategic business risk 2009/2010 The mining and metals sector is renowned for risk taking, which provides both challenges and opportunities.This paper considers the top 10 strategic business risks facing mining and metals companies (pdf, 339kb), including skills shortages, industry consolidation, climate change concerns and access to secure energy. Margin protection: cutting costs not corners In the current climate, there is a short term advantage for clients to take costs out of their business. There is however a longer term need for companies to make structural change now to protect margins and to prevent exposure to rising costs in the future. This paper explores this challenge and the various strategies that companies are undertaking (pdf, 612kb) to protect their margins in the long term. Mining and metals in adversity Our latest paper examines whether things are really as bad as they seem for mining and metals companies and considers some of the potential changes that may have to take place in order for the sector to fully recover. Download Mining and metals in adversity (pdf, 2mb).
Exploring IFRS Ernst & Young probes deeper into some of the issues mining companies will face under IFRS reporting, including financial statement and business impacts, the conversion approach and lessons learned from mining companies that have already transitioned to IFRS. Global transactions - the year when cash was king 2008 was a year of two halves for mining and metals: The year started with dizzying optimism and ended with the collapse of commodity prices. This report (pdf, 2.3mb) examines the challenges, issues and trends surrounding deal-making in the sector last year, including mergers and acquisitions, initial public offerings, bonds, loans and project finance. The most attractive mining capital markets Most of the major mining and metals companies are now listed in London. Has the city become the new sector capital centre at the expense of the traditional markets? “Where have all the miners gone?” (pdf, 421K) explores the global mining capital markets and assesses their relative attractiveness in the age of consolidation. Operational risk in the mining sector: a competitive difference This paper explores the strategies companies are adopting as they further develop their risk frameworks, including a risk culture, risk convergence, enterprise risk management and economic capital models. For a copy please email the Global Mining & Metals Centre. |
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ContactsTo talk with us about how we can put our Mining & Metals experience to work for you, please contact: Andrew Miller, Americas Mining & Metals Sector Leader Mining taxation annual report "Taxation of Mining Operations", an annual report published by LexisNexis Matthew Bender and prepared with the assistance of Ernst & Young's Mining Tax practice, analyzes the issues, laws, regulations, cases and rulings that govern federal income taxation of operations involving minerals other than oil and gas. Visit the LexisNexis Bookstore to purchase your copy. 
Industry 360º, Volume IV in print and online The financial crisis. Climate change. IFRS. Read our points of view on these hot topics and more -- in print (4.6mb) or visit Industry 360° online.
Refining IFRS
Our "Refining IFRS" series aims to examine the complex, but unique, issues faced by mining and metals companies applying IFRS. The issues are considered in the context of recent and current developments in the global mining and metals marketplace.
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