The miners best positioned to weather industry disruption
Fortescue Metals leads in an Australia-heavy top ten based on extensive research by GlobalData.
Fortescue Metals is the mining company best positioned to benefit from future mining disruption in the sector, according to GlobalData analysts.
The Australia-based firm comes top of the list in a ranking of overall leadership in the themes that matter most among mining companies.
These themes, which can be defined as any issues that keep CEOs awake at night, describe technological, macroeconomic and industry-specific challenges that companies are currently facing, as well as the opportunities they create. GlobalData’s Thematic Research ecosystem identifies and tracks these challenges, and how they create the long-term winners and losers of the mining industry.
Fortescue Metals scored highly in several areas, particularly when it comes to internet of things, autonomous vehicles, capital raising, ESG, climate change, workplace safety and cybersecurity, where it received top marks of five out of five.
Fortescue Metals received scores of four for Covid-19 and three for commodity prices performances. Its poorest score, one out of five, was recorded for lithium-ion batteries.
These scores represent GlobalData analysts’ assessments of the competitiveness of each company regarding a particular theme. They are then weighted based on their importance and used to create the final industry ranking. Fortescue Metals is followed in our ranking by Rio Tinto, Boliden and Newcrest Mining.
Our analysis reveals that companies from Australia are some of the best-prepared players in the mining game. Companies from UK and Canada also performed well.
// Main image: Fortescue machinery. Credit: Fortescue Metals