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According to a report from Deloitte, many mine workers are at least age 46 and nearly 50 % of skilled engineers are reaching retirement age in the next decade 2. As these miners and engineers leave the workforce and take their skills and valuable expertise with them, it will exacerbate an already critical talent shortage.

A survey of mining leaders from McKinsey revealed that 71 % felt they were held back from delivering on production targets and strategic objectives as a result of a shortage in talent 3.

Of course there are also new skills needed in mining. Emerging technologies, including generative AI and use of large language models, process innovation, and autonomous equipment are just some of the trends shaping the skills needed to operate mines in the future.

As organizations look to fill resourcing gaps, it makes sense to partner in areas outside their core business. Partnering also allows organizations to access skills and resources on an as-needed basis, allowing them to remain nimble and quickly take advantage of advances in technologies like generative AI, and more advanced hybrid analytics. In addition to partnering, automation of manual processes is another area that can provide a solution to alleviate pressure on constrained resources.

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2

Tracking the trends 2023: The indispensable role of mining and metals, Deloitte, January 2023

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3

Survey of Mining Leaders and Executives, McKinsey, 2022