Three experienced mining leaders give valuable insights into decision-making and seizing opportunities during a global crisis.
Faced with the Covid-19 pandemic, mining executives are being forced to take swift action and make tough decisions as prices fall, economies contract and demand in key consuming industries declines. Three leading mining industry executives told Andrea Hotter about their responses to the 2008-09 global financial crisis, and what advice they might give their peers today.Anglo American chief executive officer Cynthia Carroll, who joined the company at the start of 2007, had spent her inaugural months working to improve the miner's safety record and optimize its assets. "The board recruited me as a change agent," she recalled. Safety of the company's mining operations was a key area for her attention and one in which the company achieved major improvements under her leadership. "Anglo also wanted...