The Covid-19 pandemic has reshuffled miners’ top 10 risks and opportunities for 2021, according to EY, a consultancy. Of the more than 250 global mining and metals executives surveyed, 63% rated License to Operate the greatest risk, for the second year in a row.
Greater pressure to respect Indigenous rights and native title, as well as resource nationalism, will make it harder to obtain LTO.
Geopolitics and volatility are new to the rankings this year, joining last year’s prescient newcomer, high-impact risks. Following the disruption of the pandemic, high-impact risks has risen to second in the rankings, while productivity and rising costs jumped ten spots, to number three.
Read the report here.