In research just released, MCKINSEY finds that worldwide mining operations are as much as 28 percent less productive today than a decade ago.The report follows by saying that the pronounced decline in productivity is evident across different commodities and is seen in most mining players and geographies.

Compared with industries such as automotive, which obsessively focus on productivity gains, the numbers seem astonishing. Nevertheless, the decline may be less surprising when we take into account the fact that the industry has just ridden a demand supercycle and has succeeded in expanding production of certain major commodities by 50 percent or more over the past decade.

To obtain the full pdf report, just click here Productivity in mining operations Reversing the downward trend or visit McKinsey’s website.