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Taking a strategic view: Energy in the global metals and mining sector

Author: Deloitte Global Services
Organisation: Deloitte Global Services
Publish Date: 2012
Country: Global
Sector: Mining
Method: Creative thinking
Theme: Finance
Type: Article
Language: English
Tags: Mining sector, Metals, Energy, Costs, Strategic management, Strategic frameworks, Carbon footprint, Analytical tools

Traditionally, companies in the global metals and mining sector have viewed energy as a necessary cost of doing business, an overhead item to be managed in line with the budget. But over the past several years, the very notion of energy has changed. Whether because of expense, unreliable supply, or environmental concerns, traditional sources are no longer a simple answer. Today, companies are presented with more options. Choice is certainly good, but it also requires that companies shift their thinking and begin to consider energy not as an expense but as an asset, one that can be managed strategically to create shareholder value and competitive advantage.
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