Mining & Minerals
Mining companies are no strangers to volatility, but recently it has been delivered a string of serious blows. As China puts the brakes on its ultra-high growth rates, key commodities such as iron ore and coal threaten to tip into over-supply. Despite weaker commodity prices, costs continue to escalate and many governments are still demanding a growing piece of the pie. As a result, share prices, revenues and profits are falling, and debt levels are rising, with gold miners particularly devastated.
Natural Resources and Mining is a key pillar of DHR’s Industrial Practice. This sector is critical to the development of industry, trade, commerce and the overall economic growth of a nation. The mining industry is going through radical change. Shareholder activism is on the rise.. Boards are bringing in new management, with several major companies already seeing CEO transitions. To be fair, this is not the first time the mining industry has faced recalibration. It’s just the first time in recent memory, which means few management teams retain the skills to respond effectively. (Deloitte Tracking the Trends 2014).
In addition to the changes the competition for this top talent is fiercer than ever. The ability for senior leaders to adapt, to make decisions quickly in situations of high uncertainty and to steer through wrenching change is critical. At this time large organizations are finding it difficult to attract and retain top talent. Making it even more difficult, senior executives must be engaging in sustainable cost reduction, focusing on productivity and returns on shareholder value, “right-sizing” capital projects, taking advantage of modular construction and embracing new forms of innovation.
In order to be successful organizations tend to partner with firms who, not only assist in recruiting and retaining highly qualified leaders, but also offer industry insights on the skills and talent trends which are global in their reach. This gives the organizations a competitive edge in the market-place. The companies and organizations that can identify, attract, hire and retain the future leaders will be the companies that will win “the war on talent”.
DHR International’s Global Natural Resource and Mining Practice has consultants who are experts in the areas listed below.
- Surface and Subsurface Exploration
- Open pit and underground
- Base metals, Precious metal, Minerals, Coal, Iron Ore, etc.
- Transportation — Ports, Rail, Truck
- Heavy Equipment, Earth Moving, etc.
- Sales and Marketing
- Environment, Health and Safety
- Regulatory and Risk
- Supply Chain, Procurement, and Financial
- Leadership and Operations