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Cost deflation in the mining industry: how much and how far?
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Report summary
The global mining industry is back firmly focussed on controlling and reducing costs. Miners are ignoring factors outside of their immediate control, such as currency impacts, global oil prices and government fiscal policies, and are trying to protect margins by carrying out a range of operational cost cutting strategies. This is particularly noticeable in industries heavily hit by sharp price falls like copper, gold, iron ore and coal.
Table of contents
- Executive summary
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Cost cutting in response to price falls
- Chart 1 Global primary copper mine costs (real 2015$)
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Proactive cost cutting strategies for miners
- Lifting production
- Increasing head grade
- Lowering strip ratio
- Reducing labour costs
- Improving productivity
- Fuel costs
- A few more years yet?
Tables and charts
This report includes 3 images and tables including:
- Cost deflation in the mining industry: how much and how far?: Image 1
- Chart 2 Australian mining sector wage inflation
- Chart 3 Coal productivity (Australia all mines)
What's included
This report contains:
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