Women in Mining to improve in 2024
As women mining employment and women enrollment in engineering increases, enthusiasm in investing will benefit accordingly
Previously we have reporting that Silver mining industry sits at $17 billion over 300 times smaller than two companies (Apple and Microsoft) How did this happen?
Of course, there are several reasons why this happened but Silver Academy emphasis will be focused on reversing this disastrous situation.
How we got here and what is next?
First, how we got here?
Wall Street promoters pushed “sexy tech” and “zombie tech” over natural resources as shown here
2. There was no coordination between Transition to Net Zero planning with investment community. Professor Simon Michaux (Finland) “bringing technology metals to market can take thousands of years, considering the geological timescales involved in the formation of mineral deposits.” Moreover, he points out that “only a small fraction of mineral deposits, approximately 1 in 1,000, ultimately become viable mines,” adding to the complexity of meeting the growing demand for these critical resources.
In addition to these geological challenges, there are also bottlenecks in the raw materials supply chain that need to be addressed to support the transition away from fossil fuels. Prof. Michaux's research underscores the intricate and time-consuming nature of ensuring a reliable supply of precious and technology metals, which is essential for achieving net-zero targets and advancing green technologies
3. Old guard influencers cost their mining clients billions of dollars because they did poor demographic and market research. They mostly targeted white, male, older demographic ignoring the fastest growing investing sectors (women, crypto and younger)
We were first to report on this major marketing oversight.Untapped Riches: Mining Industry Allowed Bad Promoters Ignore Women, Half the Market and Paid the Price
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When we ran this news, we knew our instincts were correct. The good ol' boys (old guard) over yonder at Arcadia Economics, Palisades Gold Radio, King World News and Liberty & Finance (and tradeshow keynote speakers) have been silencing, skipping, and/or ignoring women for days, weeks, months, years, and decades.
Moreover, investment dollars often follow employment numbers. If the mining industry has only 15% of women employed, then it's rational to understand that investment in mining is lagging. People support their vocations when purchasing equities. This is a matter of common sense.
Investment dollars also follow consumer trends. Women are leaders in the consumption of luxury goods and, in many categories, are more substantial buyers of gold and silver than men.
Silver Academy media programming has measurable initiatives and support to enact a substantive reversal of the Women in the Mining Crisis.
Summary of challenges
The mining industry is facing a significant labor shortage, primarily due to an aging workforce and a need for more new talent entering the field.
In the United States, more than half of the nation's mining workforce, approximately 221,000 workers, is expected to retire by 2029, and the number of candidates willing to fill those positions is decreasing.
This shortage is exacerbated by the increasing demand for minerals such as lithium, cobalt, gold, tin, uranium, nickel, graphite, silver, and copper, which are critical components for manufacturing batteries for electric vehicles, electric trains, fuel cell vehicles, solar, satellites, rockets, other aerospace, green energy, and industrial, including smartphones.
The decline in mining engineering enrollments and the industry's struggle to attract young talent have further contributed to the shortage.
As a result, mining companies are facing challenges in finding and retaining skilled labor, which is likely to have a lasting impact on the industry.
The need for more workers is expected to lead to delays, higher costs, and potential safety issues as inexperienced employees fill open positions.
Women are underrepresented in the mining industry, making up only 8 to 17 percent of the global mining workforce.
Several factors contribute, including the perception of non-inclusive cultures, the lack of "interesting" work, and the perceived gender pay gap.
Despite the high wages offered by the mining sector, women face significant barriers to entry and advancement, with female representation within mining company C-suites sitting at 13 percent
In some countries, such as Peru, women represent only 5% of the core mining jobs and 10% of all mining jobs.
Furthermore, women in mining are at a higher risk of developing work-related musculoskeletal disorders compared to men.
Are efforts to increase gender diversity in the sector underway? Yes, we are working through this challenge with our media and industry partners.
There is a long way to go in achieving improved gender distribution across the mining industry.
While some reporting suggests that women may bring unique strengths to the mining industry, such as anecdotal evidence of women excelling in certain aspects of mining like:
Being gentler with heavy machinery
Better at reporting safety concerns.
Better at detecting maintenance issues.
Better at critical thinking.
Bringing in some problem-solving tasks.
Better at focusing on environmental impact.
Studies show women are better than men when planning for future generations.
(or even better at acting as liaisons with community groups concerned about the environment, labor conditions, safety, jobs, economic development, and community impact)
It's important to note that women are still significantly underrepresented in the sector.
According to a report by the World Bank, women make up only 15% of the global mining workforce, with even lower representation in specific regions and subsectors.
What’s Next?
1. Rally behind programming and promotions that target growing demographic (women, crypto, tech, younger) trends instead of chasing the same demographic (white, male, older)
2. Silver Academy already has captivated the previous demographic (white, male, older) but 2024 emphasis is on casting a wider fishing net (women, crypto, tech, younger)
Samantha Cribari energizes a group of women on social media (over 200 attended zoom event) Pixy was there as was her new co-anchor Axel
She began the conference:
let's dive into the electrifying world of women in investing, where our financial prowess takes center stage! Brace yourselves for a power-packed journey through the remarkable trends shaping the landscape of women investors.
Unleashing Excellence: Hold onto your seats, because the research from Fidelity Investments screams one thing – women investors are outperforming! Picture this: On average, we're not just keeping up; we're surpassing our male counterparts by a staggering 40 basis points, a triumphant 0.4% surge. Our financial prowess knows no bounds!
Breaking Barriers: The tide is turning, and 67% of us are boldly venturing beyond the confines of retirement accounts. That's a jaw-dropping 50% increase since 2018. We're not just investing; we're rewriting the rules!
Seizing Opportunities: Take a moment to celebrate, because more women are claiming their seats at the investing table. One in five of us is fearlessly stepping into new asset classes, from individual stocks to cryptocurrencies, showing the world that we're not afraid to diversify and conquer!
Fueling the Flame: The fire of interest in investing is burning brighter within us. Since the upheavals of the “so called pandemic, 42% of us have declared a newfound passion for investing. We're not just adapting; we're thriving in the face of challenges!
Financial Mavericks: Fidelity's revelations don't stop there. Brace yourselves for this – 60% of us are actively steering our ships in the stock market. We're not just passive participants; we're the captains of our financial destinies, charting a course toward success!
Citations:
https://unece.org/sites/default/files/2023-02/1.%20Simon%20Michaus-Challenges%20and%20Bottlenecks%20for%20the%20Green%20Transition.pdf
https://www.gtk.fi/en/research/time-to-wake-up/
https://www.reddit.com/r/collapse/comments/wuc4vg/assoc_prof_simon_michaux_the_quantity_of_metals/
https://www.simonmichaux.comhttps://www.cnbc.com/2021/10/11/women-investors-are-still-outperforming-men-study-finds.htmlhttps://www.fidelity.com/bin-public/060_www_fidelity_com/documents/about-fidelity/FidelityInvestmentsWomen&InvestingStudy2021.pdf
https://www.nerdwallet.com/article/investing/survey-less-than-half-of-women-in-u-s-invest-in-the-stock-market
https://www.reuters.com/plus/closing-the-gender-investment-gap-why-women-typically-trade-less-than-men-and-why-that-may-be-changing
https://newsroom.fidelity.com/pressreleases/fidelity-investments--study--women-tapping-into-their-financial-superpowers-to-gain-ground-with-thei/s/f912c67e-75e9-4398-9ea8-dd6e196005a4