Swann Global’s John Murray was invited to speak to the All Party Parliamentary Group on International Mining at the UK’s Houses of Parliament on the 19th January. The session’s theme was “Society needs mining”, and reflected on the importance of mining in light of the anticipated population growth over the next 10 years (c. 700m people) and the fact that without it, we wouldn’t have homes, offices, computers, energy etc.
The London financial markets are key to global mining finance which drives an enormous consulting and operational contribution from engineers and geologists who are still some of the best educated mining people in the world.
Add to that the number of mechanical skills that maintain mining equipment, metals trading, academia’s mining R&D projects and British technology being used in transforming mining process, it is obvious mining is a strong part of the UK economy and export services. The World is changing and mining companies are catching up with a more productive approach to environmental issues, taxation, corruption, education. Understanding the need to be more transparent and partner with community, governments and NGOs, to create a value chain for every stakeholder involved in mineral extraction will be critical to delivering strong performance and profitability in the future.