Examples abound, with a number of the most up-to-date and commented being Horizonte Minerals’ (LON, TSX: HZM) Araguaia nickel challenge in Brazil’s Amazon area. The newest replace reveals Araguaia will price $1 billion, up from a earlier $537 million price range, of which $479 million has already been spent. Starting of manufacturing, which was imagined to occur this yr, is now slated for early 2026, with ramp-up lengthened to 18 from 12 months.
One other living proof is Teck Sources’ (TSX: TECK.A | TECK.B) (NYSE: TECK) Quebrada Blanca copper challenge in Chile. The Canadian miner, spent a lot of 2023 preventing off a hostile method from Glencore (LON: GLEN), final mentioned its Quebrada Blanca 2 challenge would price between $8.6 billion and $8.8 billion, in contrast with an unique $5.3 billion estimate.
As a part of the actions recommended, the authors spotlight the necessity to undertake a scientific portfolio pondering. “Main corporations are starting to view their initiatives as a part of an aggregated system quite than in isolation,” the report says. By doing so, they’ll seize synergies and construct resilience throughout their whole portfolio.
Bain and Co. additionally name corporations to realign working fashions. This, the specialists say, would make sure that vital choices are made with a broader perspective, addressing the blind spots that always happen in siloed organizational buildings.
The adoption of digital options, automation, and AI instruments is proving to be a game-changer for capital initiatives. Of their analysis, Bain and Co. Discovered that these applied sciences assist get rid of waste and cut back friction, delivering quick efficiencies and streamlining challenge administration processes.
Implications for the longer term
By pondering systematically throughout portfolios, realigning working fashions, and embracing digital expertise, mining and power corporations can mitigate dangers and guarantee extra dependable challenge outcomes.
The specialists consider the way forward for challenge administration for the sector lies in built-in, technology-driven methods that improve effectivity and resilience, making certain sustainable development and success in an more and more aggressive panorama.
