The global mining industry is under pressure as the industry faces major challenges while needing to meet mounting stakeholder expectations In the short term, falling commodity prices are squeezing cash flow. Looking ahead, many existing mines are maturing, resulting in the extraction of lower ore grades and longer haul distances from the mine face; ore-body-replacement rates are in decline; and new-mine-development times are increasing. On top of this, worldwide mining operations are as much as 28 percent less productive today than a decade ago-and that's after adjusting for declining ore grades.
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