The BDO Annual Mining Report 2025 offers a comprehensive overview of the significant transformations occurring within the mining sector, spurred by the rapid energy transition and burgeoning demand for minerals critical to renewable technologies. "This forward-looking report charts the sector's progress towards greater sustainability, innovation, and strategic adaptation, marking a pivotal moment in the industry's history," says Matt Crane, UK Head of Natural Resources& Energy at BDO LLP.
Servaas Kranhold, Audit Partner and Head of Natural Resources South Africa at BDO and Bert Lopes, Lead Partner for Business Services (BSO) SA at BDO, highlighted key findings from the report are:
Surge in mineral demand
Key minerals such as copper, nickel, rare earths, and lithium are on the brink of an unprecedented demand surge, projected to nearly triple by 2030 and quadruple by 2040. This growth is largely driven by their crucial roles in renewable energy technologies, including electric vehicles and solar panels.
Technological Advancements
The sector is witnessing a revolution through advancements in robotics, automation, and AI. These technologies are pivotal in:
- Enhancing safety measures across operations.
- Increasing mining throughput.
- Significantly reducing environmental emissions.
Regional developments: Africa's green shift
Africa is strategically pivoting from fossil fuels to critical minerals, spurred by global energy transition trends. Initiatives like the African Green Minerals Strategy are being implemented to foster the development of these essential minerals while addressing energy deficits through national strategies. Africa's production of metal and non-metallic ores is projected to grow, with countries like Zambia and South Africa launching national critical mineral strategies to capitalise on this shift.
Addressing health and safety
Despite notable progress, mining remains one of the most hazardous industries. This report draws attention to the adoption of advanced technologies such as drones for hazard identification and AI-powered monitoring systems that enhance safety protocols. However, challenges such as illegal mining and psychosocial issues persist, necessitating robust governance and a committed focus on cultivating a culture of safety.
Preparing for the future workforce
The industry is currently facing talent challenges, with a pressing need to attract younger generations and address skills shortages. Mining companies are increasingly focusing on strategic workforce planning, enhancing employee value propositions, and promoting diversity and inclusion to build a reliable future workforce.
Community and environmental focus
With 31% of industry players prioritising strong community relations, sustainable mining practices are more crucial than ever. The industry's commitment to decarbonisation, community investment, and workforce development is vital for its long-term success. By embracing innovation and prioritising environmental and social governance, the mining sector is poised to support economic growth and contribute to a sustainable future.
“The BDO Annual Mining Report 2025 underscores the transformative journey of the mining industry. By strategically balancing the supply of critical minerals with affordability and sustainability, the sector is positioning itself at the crossroads of economic growth and environmental stewardship. This report provides a comprehensive blueprint for stakeholders,” concluded Crane.
