This article was originally published by BDO UK.
BDO UK’s 2025 Mining Report highlights the industry's transformation and addresses the economic and social impacts of mining, health and safety concerns, and the future workforce challenges. These key themes emphasize the importance of balancing supply with prioritizing sustainability and fostering innovation to support the energy transition and broader economic growth.
The report includes several key findings:
- Critical minerals demand from clean energy technologies is expected to nearly triple by 2030 and quadruple by 2040.
- Critical minerals production is highly concentrated, with the top three countries accounting for 92% of the rare earth output in 2023.
- By 2040 global revenue from energy transition minerals is expected to surpass coal production revenue by 1.5 times.
- 71% of mining companies recognize robotics and automation as having the greatest future impact on mining, surpassing AI.
- The emerging importance of ESG sustainability reporting frameworks, with 14 out of 20 major mining companies reported on key ESG metrics in 2023.
As we navigate the energy transition the demand for critical minerals is set to soar, necessitating a balance between scaling supply, and maintaining affordability. Technological advancements, particularly in digitalization, are driving efficiency and productivity, while sustainability remains a strategic priority. The industry's commitment to decarbonisation, community investment and workforce development is crucial for long-term success. By embracing innovation and prioritizing environmental and social governance, the mining sector can support economic growth and contribute to a sustainable future.
Download a copy for more information about these emerging trends and how BDO can support companies in making informed decisions about their operations.