{"id":2579,"date":"2018-01-24T15:28:21","date_gmt":"2018-01-24T04:28:21","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=2579"},"modified":"2018-01-24T15:28:21","modified_gmt":"2018-01-24T04:28:21","slug":"skills-gap-becomes-key-challenge-despite-rising-industry-confidence","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2018\/01\/24\/skills-gap-becomes-key-challenge-despite-rising-industry-confidence\/","title":{"rendered":"Skills gap becomes key challenge despite rising industry confidence"},"content":{"rendered":"

The dark days of mining\u2019s downturn may be over<\/span> but the industry\u2019s leaders now have different challenges to grapple with, according to Newport Consulting.<\/p>\n

Skills shortages and cost pressures<\/span>, not unfamiliar issues for the industry, have re-emerged as the key ongoing concerns for\u00a0mining\u00a0leaders, Newport\u2019s latest\u00a0Mining Business Outlook Report<\/em><\/a>\u00a0revealed.<\/p>\n

Despite these emerging challenges, the eighth report in Newport\u2019s series outlines that sentiment in the mining industry is positive, with the number of miners showing cautious optimism increasing by 55 per cent since 2015.<\/p>\n

In addition, the report found that almost three quarters of industry leaders are showing renewed confidence in the sector\u2019s growth.<\/p>\n

However, it looks as though skills shortages and cost pressures may be a threat to this growth in confidence continuing.<\/p>\n

Newport consulting managing director David Hand believes a spate of mining companies are concerned that Australia will face a growing skills gap, particularly in the areas of technology and automation.<\/p>\n

\u201cWe spoke to many companies of all sizes that voiced concern over a widening skills gap, giving way to a pressing need to upskill and re-train the workforce. Miners must be able to meet the new digital demands of Australia\u2019s mining future,\u201d Hand said.<\/p>\n

With a growing gap in the number of technical employees trained to manage future autonomous roles, Hand added there were signs that mining was \u201cgetting on the front foot\u201d to ensure its workforce remained agile and flexible.<\/p>\n

\u201cRio Tinto is a prime example of a company leading the field in this area, having recently partnered with the WA Government and TAFE Australia to provide vocational training in robotics for mining workers<\/span>. The government should follow Rio Tinto\u2019s lead to close this growing skills gap, which is occurring because of technology disruption,\u201d Hand said.<\/p>\n

A key takeaway from the report was the push from mining leaders to embrace new technology, with automaton continuing to become vital for operations.<\/p>\n

Automation and Big Data<\/span> were the leading priorities, with 21 per cent of respondents believing automated haulage vehicles will be the top technology influence to impact the market this year.<\/p>\n

Drones<\/span>, which are used to map, survey and explore mines, were considered another key area for investment.<\/p>\n

Meanwhile, more than half of mining leaders predicted an increase in commodity prices over the next 12 months<\/span>. The exception, however, was thermal coal, which was forecast to face price challenges.<\/p>\n

After spending more in 2016,\u00a0many miners plan to continue this trend, with 42 per cent expecting to moderately increase investment in 2017-2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

The dark days of mining\u2019s downturn may be over but the industry\u2019s leaders now have different challenges to grapple with, according to Newport Consulting. Skills shortages and cost pressures, not unfamiliar issues for the industry, have re-emerged as the key ongoing concerns for\u00a0mining\u00a0leaders, Newport\u2019s latest\u00a0Mining Business Outlook Report\u00a0revealed. Despite these emerging challenges, the eighth report … Continue reading “Skills gap becomes key challenge despite rising industry confidence”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[154,6,34],"tags":[],"class_list":["post-2579","post","type-post","status-publish","format-standard","hentry","category-154","category-mines-and-quarry","category-new-tech-new-product"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-FB","jetpack-related-posts":[{"id":2144,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/02\/01\/smart-mining-market-set-to-boom\/","url_meta":{"origin":2579,"position":0},"title":"Smart mining market set to boom","author":"yinghui","date":"February 1, 2017","format":false,"excerpt":"The smart mining market is on track for substantial growth in the coming years, a new report by Transparency Market Research has found. 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