Boston Consulting Group on Exploration and Mining (current affairs and future trends)

Yes, these are hard times (although I just started a new consulting project today and will likely add another in the next week or so) but it’s time we leave the gloom and doom talking and start thinking (and acting) on ways to improve.
I always like to pick ideas from well thought, well structured texts. I have just come across some recent (2015) BCG publications (https://www.bcgperspectives.com) on the current state of affairs in Exploration and Mining:

A couple of other interesting documents are not available in pdf format but you can read them at:

Thanks to BCG for publishing these reports.

DECLINING MINING PRODUCTIVITY – McKinsey report

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.