The mining industry is in a crisis. The failure to get the policy, legislative, administrative and operating environment right is being compounded by a recline in resource demand and resulting excess capacity, weakening prices and increasing volatility. Many also need to mine deeper to reach new deposits, which is resulting in a significant increase in the cost of extraction and these costs are forcing mining companies to make difficult decisions to sustain short-term operations, while still adhering to long term objectives. What’s more, advanced technologies are severely impacting the broader industry albeit in a seeming unrelated way. Emerging products and services require new materials which is changing the mix in the demand for minerals and metals and this is expected to continue. This of course has long term implications for the demand for primary resources. And for the foreseeable future, this state is the ‘new normal’.