Mining’s next biggest challenge is securing talent
While mining developments grow, the opposite is happening with its workforce and education.
The mining industry is facing a significant challenge in securing talent as the workforce shows a reluctance to consider careers in the sector. A survey by the Canadian Mining Industry Human Resources Council (MiHR) revealed that 70% of individuals aged between 15 and 30 would not consider a career in mining, citing safety concerns, lack of flexibility, and environmental issues as primary factors.
This trend is particularly concerning as many mining executives report that the talent shortage is starting to impact production levels, innovation, and project delays. Industry experts emphasize that the most pressing concern is the lack of workers to sustain the industry's growth. Rob McEwen, Chairman and Chief Owner of McEwen Inc., stated that the industry's biggest challenge is the absence of talent.
The situation is exacerbated by two main factors: a significant number of experienced workers are retiring, and there is a limited pool of new entrants into the industry. In the United States, over half of the workforce is expected to retire within the next three years, while in Canada, 20% of workers are 55 or older, with only 5% under the age of 25. Additionally, a substantial portion of Gen-Z workers plan to leave mining and energy-related jobs in the next two years.
The industry's growth and increasing demand for critical minerals, rare earth elements, and battery metals present an opportunity to attract younger talent. However, the perception of mining as an environmentally destructive industry remains a barrier to attracting new entrants. Despite mining's technological advancements and commitment to social and environmental responsibility, the sector struggles to recruit new professionals.
Educational programs related to mining have also seen a decline in enrollments, with a drop from 1,400 students in 2014 to 800 in 2020. This decline has been consistent over the past 14 years, and the issue is expected to persist. Mining schools have witnessed a precipitous drop in enrollments, even as metal prices surge and major producers seek to expand their operations.
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