Better Decisions on Risk Capital and Human Capital for Mining Organizations

Better Decisions on Risk Capital and Human Capital for Mining Organizations
Clarity and Confidence to Act Now

Connected Perspectives

Better Decisions on Risk Capital and Human Capital for Mining Organizations

Adapting to a Changing World

Mining companies face a precarious balancing act. The industry has a vital role to play on the path to decarbonization by providing the critical minerals needed for renewable energy and climate technologies. However, increasing mining activity often comes at a significant environmental cost. The mining industry plays a fundamental part in the global economy. As the climate challenge intensifies, so will the sector's role as a catalyst for change. At this globally significant crossroad, the interconnected nature of risk capital and human capital challenges also necessitates an evolution of risk management strategies.

Mining In Focus

To thrive in an increasingly unpredictable and complex landscape, mining industry leaders must shift from a reactive to a proactive approach to risk management.

  • 73.3%

    of mining businesses have not developed a risk management plan for political risk.

    Source: Aon’s Global Risk Management Survey: Mining, 2023

  • 1 GW

    of renewables is already operational at mining sites globally, with another 1 GW in development.

    Source: IEF (1)

  • 39%

    Drop in mining engineering graduates in the U.S. since 2016.

    Source: Mining Digital (2)

Solutions for Mining

At Aon, we’ve been on a decade-plus journey to connect our global capabilities, so we can address our clients’ top priorities more effectively. Through our global expertise across two key areas ― Risk Capital and Human Capital ― our clients are better advised within, and across, their risk and people strategies.

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Better Decisions on Risk Capital and Human Capital for Mining Organizations

Report

Leverage Mining as a Catalyst for Progress

Holistic Solutions

The mining industry plays a fundamental role in advancing humanity’s progression, with immense potential to drive positive change for both people and the planet. By embracing digital transformation, prioritizing sustainability and building more robust risk mitigations, organizations can gain the agility needed to respond to a rapidly changing world.

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