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Avoiding mistakes of the past: A CEO’s checklist in a commodity upswing

Matthieu Dussud | Mark Kuvshinikov | Piotr Pikul | Ryan Price | Robert Samek


During the last commodity supercycle, metals and mining capital projects were plagued by extensive cost overruns and schedule delays. A McKinsey assessment of 35 large mining projects completed between 2002 and 2015 showed that 30 of them went over budget and 27 were significantly delayed. As a result, companies experienced financial distress and many senior executives lost their jobs.