- ECONOMIC IMPACT -

Latest update: 15 December

Based on 5,218 responses, 52% of employers expect at least half of their workforces to return to offices within the next six months

Australia’s GDP growth rate is expected to increase from around -2% in 2020 to around 4% by the end of 2021

6.5

The rate of unemployment in Australia is expected to have increased to 6.5% by the end of 2021, up from 5.3% the previous year

30%

Around 30% of 45,182 respondents said that the pandemic had “no impact” on hiring in December 2021, up from around 17% in March 2020

Projected covid-19 recovery around the world

- SECTOR IMPACT: MINING -

Latest update: 3 December

PROSPECTING AND EXPLORATION

Continued travel restrictions will hinder explorers in the short-term, whilst investor sentiment will impact capital raising. In the long-term, rising prices and the need to meet rising future demand for battery commodities and critical minerals will support exploration activity.

MINE DEVELOPMENT

With commodity prices improving and restrictions easing, capex is on the rise, with developments constrained mainly by the ability to source the required workforce and avoid Covid-19 cases on site. More long-term, an expected recovery in commodity demand and prices will spur an increase in mine development activity to meet future demand requirements.

EXTRACTION AND PROCESSING

In the short-term, miners are more likely to production guidance unless impacts unaffected by Covid-19 have led to reduced output. Looking forward, improvements to emergency response plans and investments in worker health are expected, alongside increased investment in technology and potentially an increase in automation.

MARKETING

Recovery in China and public sector investments have supported rising commodity demand in 2021 for industrial production and infrastructure construction in the short-term. More long-term, as the global economy returns to growth, demand growth for commodities will return to pre-Covid-19 expectations.

Share this article

Go to article: Home | Could Merlin be forever?Go to article: In this issueGo to article: ContentsGo to article: Xylem Water SolutionsGo to article: TEGA Industries Australia Company InsightGo to article: BriefingGo to article: Industry newsGo to article: The mining industry briefingGo to article: Covid-19 executive briefing by GlobalDataGo to article: Aspect Environmental Company InsightGo to article: Aspect EnvironmentalGo to article: Steuler KCH Australia Company InsightGo to article: Steuler KCH Australia Go to article: LASE Australia Insight Go to article: LASE AustraliaGo to article: AusProof Company InsightGo to article: Frontier WearGo to article: Board of Professional Engineers of QueenslandGo to article: In DepthGo to article: Could Merlin be forever? Inside Australia’s newest diamond mineGo to article: A new deal: inside Australia and South Korea’s critical minerals strategyGo to article: Australia’s Northern Territory: red earth paved with gold?Go to article: 2022 predictions: will China continue its ban of Australian coal?Go to article: Q&A: Talking sensory warning systems with HetechGo to article: Martin Engineering Company InsightGo to article: Martin EngineeringGo to article: Qtec Fire ServicesGo to article: DDH1Go to article: In DataGo to article: New Zealand IT recruitment rises 11.1% in November 2021Go to article: Supply chain innovation among miners has dropped off in the last yearGo to article: CommoditiesGo to article: Global markets and indicesGo to article: Macro-economic indicatorsGo to article: Macro-economic indicators (page 2)Go to article: Next issueGo to article: Events