Search This Blog

September 1, 2023

Wanted!: #Mining Engineers & Geo’s


Coming labor precipice in mining sector as shortage of skilled engineering and geo's risks crimping output of critical #metals.

#AI and automation may further reduce the sector's reliance on skilled labor.

The flip side? Drop in mining graduates means those who do choose to go into the industry have a lucrative career ahead.


From Bloomberg:

It's getting harder to find the Mining engineers the world needs.

Fewer students want to be geologists or engineers, partly due to mining's negative image regarding pollution, human rights and gender equality. That's leaving the industry with an aging workforce:
Some 80% of the 1,250 mining engineers registered with the UK's Engineering Council are over 50, and 40% are at least 60!

At the Colorado School of Mines, total enrollment in mining, geophysical and geological engineering undergraduate degree courses last year was down about 35% from almost a decade ago.

In Canada, mining and mineral engineering graduates dropped by a third between 2016 and 2020.

It's a similar story at UK's prestigious Camborne School of Mines, traditionally an important feeder school for the global industry. The number earning degrees from its undergraduate mining engineering course fell in recent years, with new intakes halted in 2020. The school this year announced new programs for mining employees—but they will still not be training any new graduates!! Crazy! 🤯



Coping with fewer workers isn't new. BHP Group ($BHP) and Rio Tinto Group ($RIO) are producing much more iron ore than a decade ago — with a lot fewer workers. AI and automation may further reduce the sector's reliance on skilled labor.

See the whole story on Bloomberg here:



No comments:

Post a Comment

Commented on MasterMetals

ShareThis

Tags

IFTTT Twitter MasterMetals News Gold MssterMetalsNews MasterMetalsNews mining stocks Commodities Mining GLD Silver Oil COPPER China Metals Dollar Energy Precious Metals MasterEnergy trading GDX Hedge Funds EV Battery Metals Finance exploration Glencore USA ETF GDXJ Platinum Africa Canada Nickel Technical Analysis Charts Chile Euro LME Lithium Latin America Australia BHP Base Metals Cobalt Futures Iron Ore Uranium central banks CME IPO Palladium RIO SIL SLV TSX middle east Asia DRC FED India PSLV Russia South Africa Trafigura Venezuela comex zinc Argentina Batteries Bonds Chavez Debt Ecuador PPLT Renewables currencies Anglo American Barrick Bitcoin Iran JPMorgan Chase Japan Mexico Peru Switzerland TSXV VALE coal Agriculture AngloGold BP Brazil EQX Education FCX Gas Kinross London Lundin Metals Streaming NEM NYMEX Nuclear Oreninc PGM Roxgold Royalties Sprott Turkey UK Vitol WGC infographic AEM Autonomous Vehicles Azimut Banks BlockChain CFTC CODELCO COT Cerrado Gold Colombia Cote d'Ivoire EDV Egypt Electricity FIL FSM Filo Financings GATA Goldman Sachs Guinea HFT IVN Indonesia Irak LSE LUG Loonie MENA Mongolia NGEx Newmont Oro PIIGS RUP Rare Earths REE Robert Friedland Rupert Resource S&P SQM Saudi Arabia Tsingshan UAE VC VW Yuan money quebec rare earths 1971 1979 AAUC ADM AGI ALB ARIS ATY AU AUY AZM Abu Dhabi Agarwal Alaska Antimony BIS BTG Bill Clinton Bin Laden CBX CCB CITGO CMOC Cameco Cargill Cars Chuquicamata Clice Capital Cobalt27 CoronaVirus Covid19 Crypto DJIA DOJ DPM Defense Demographics Djibouti E-Waste EGO EM ESG El Dorado Endowments Environment Europe FVI Fav Finland Food ForEx Frank Giustra Freeport McMoran GBP GDP GFMS GMIN Ghana Graphite Great Be Greece Green Energy Gundlach Gunvor HPX Haftium IAG IOC Inflation KGC KL Kazakhstan Kurdistan LBMA Louis Dreyfus Lunahuasi M&A MAKO MF Global Mercuria NDM Nigeria Northern Dynasty Oman Orion Osisko PDVSA PEA PEMEX PG Pebble Project Politics Private Equity Rabbit Recycling Repsol Research Rhenium Rhodium Rusal SKE SSRM SWF Sensors Shale Strategic Metals TGZ Tech Tesla Texas Ukraine VGCX VIX Victoria Gold WPM Warren Buffett XAU XGD XStrata YPF Yen Yukon Zambia diamonds spoofing stocks supply chain zinc News