Addressing mining challenges
To maintain sustainable development, mining companies need to continuously invest in the renewal of mineral resources, infrastructure development, personnel training and business processes improvement. The prolonged period of low prices and unstable demand for metals continued to weigh on the investment attractiveness and profitability of the mining businesses in Central Asia. Against this background, most companies continue to give priority to the optimisation of production, ensuring profitability and ROI, and the consolidation of assets.
Constant improvement of efficiency and reduction of costs presents a great challenge to many mining enterprises, as mistakes can be very costly. The success of modern mining enterprise relies on many internal and external factors. How efficient is the management? Is there a good knowledge and skills set? Do the leaders and operational managers work in sync and share the same goals? Are the right technologies and equipment being used to achieve best results? Is there a culture for innovation and self-improvement? The word “innovation” is no longer a tribute to fashion.
Ability of companies to innovate is the main pre-requisite for keeping up with the low margins and challenging environment. MINEX Central Asia 2018 Forum will stimulate practical discussion on how local and international businesses innovate to meet regulatory changes, adapt new technologies, manage social and safety pressures, fund and develop projects, and much more.