COVID-19

Evolution of COVID-19 Government Mandated Restrictions on IMDEX Mining Regions

This table shows the impact of government mandated COVID-19 lock-downs on our key regions from April 2020. In most jurisdictions mining is considered essential to economic recovery and is exempt from hard lockdowns.

KEY OPPORTUNITIES

• Acceleration of positive industry structural change
• New efficient ways of working - beneficial for the long-term
  
• Increasing demand for IMDEXHUB-IQ™ cloud-based technologies and software
• Increasing demand for solutions to support clients to work remotely, efficiently, securely, and safely

KEY CHALLENGES

• Increasing pressure on industry processes to protect labour and supply chains
• Corporate restrictions continue to limit access to sites, including for trials of new products
• Government restrictions continue to be fluid, impacting labour mobility and project continuity

MARKET AND INDUSTRY REVIEW

• Broad-based recovery in the minerals sector globally
• Recovery spanned all key mining areas and was particularly evident in the Americas
• Strong commodity prices supported by government stimulus, decarbonisation targets and demand across a broad range of sectors including consumer, industrial and government related industries
• Large, mid-cap and junior resource companies are well funded and increased their expenditure to replace diminishing reserves
• Short-term supply chain pressure, labour, and rig constraints
• Exploration was predominantly focused on lower-risk brownfield projects
• New discoveries are likely to be under cover and at depth resulting in larger drilling campaigns
• Increasing demand for mining-technologies to deliver real-time orebody knowledge
• Increasing demand for mining-technologies that support remote working