1、Mine 2023:20th editionThe eraof reinventionJune is proud to share the 20th edition of our global Mine report.To recognise this anniversary,we have included a short section that recalls some of the more significant trends over the past 20 years.In that time,the evolution of the sector has been clear

2、and dramatic,and there are no signs of it abating.In 2003,the market capitalisation of the Top 40 mining companies was less than US$400 billion.Last year it was more than US$1.2 trillion.As we look to the next 20 years,the theme of transition,particularly energy transition,will remain dominant.Heigh

3、tened societal awareness of the role of critical metals in any future energy system has prompted companies and governments to secure their supply chains in pursuit of diversification and energy independence.This report lays out the long-term implications of such government action and intervention.We

4、 also highlight other important developments:decarbonisation,increased M&A and sector consolidation,and the rise of technology.We conclude the report this year with a review of the workforce challenges that could arise as the sector positions for the future.A focus on diversity,equity and inclusion

5、will be critical for miners to meet workers evolving needs.These are multifaceted issues that will require a partnership between the public and the private sectors to solve.Please reach out to your local PwC team to discuss any of them in more depth.Paul BendallPwCs Global Mining Leader3Executive su

6、mmaryThe worlds big mining companies must find a new formula for success.The era of critical minerals has arrived,and its the most momentous change the industry has seen in decades.Miners can no longer depend on yesterdays portfolios and practices to create value in this newly dynamic and fiercely c