Miners need sustainable solutions to productivity problem – EY

A report by advisory firm Ernst & Young (EY) has indicated that cost cutting would only lead to short-term productivity gains for mining companies with complex operations and that sustainable long-term solutions were needed. In its new report, ‘Productivity in mining: now comes the hard part’, EY noted that the size and complexity of mining operations have created “diseconomies of scale” and were a significant factor in diminished productivity in the global mining sector.