Insight
Can the global rise in labour productivity in copper mining be sustained?
Report summary
After a nine-year gradual decline, global labour productivity in copper mines has risen for the past two years and is forecast to lift again in 2017. The change is the result of workforce cuts, improved work practices and closures of higher cost operations in response to the poor market environment experienced after the 2011 peak. Average tonnes treated per man-hour declined by 20% between 2005 and 2014 as a result of companies maximising production volumes in boom times. However, productivity has now moved upwards in response to margin pressure.
Table of contents
- Executive summary
- Higher prices led to the productivity decline
- Pressure on wages likely to increase
- Continuing the improvement will be a challenge
Tables and charts
This report includes 3 images and tables including:
- Global copper mine labour productivity vs price
- Productivity by country - primary Cu mines (mills)
- Global copper mine labour productivity - primary Cu mines (mills)
What's included
This report contains:
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