Scarcity and complexity of access to quality resources
With demand for minerals increasing, access to quality resources to build the products that the world requires will become more challenging.
As quality resources become scarcer and/or more difficult to mine, costs will increase and operational changes will be needed to access these resources competitively.
Queensland’s resources industry will require innovation and operational shifts to find and access these resources. Access to quality data — such as Queensland’s Open Data Portal — to inform the planning of exploration activities will become more critical, as many resources companies embrace data-driven exploration to find these resources.
Resources companies are also expected to adopt more circular economy practices, moving along the value chain as they move from being mineral extraction to also being material handling corporations. This may initiate practices like leasing minerals to customers, which are processed and reprocessed time and time again while owned by circular resources companies.
Last reviewed 09 December 2021