It is interesting to have a look at how the previous crisis periods can teach us to predict the outcomes of the COVID-19 pandemic on the mining industry and the prospects for recovery from the COVID crisis. The mining industry is known to be cyclical, which leads to volatility in the prices of raw materials and shares of mining companies, as well as a change in investment patterns. As the COVID-19 crisis affects the medium-term pricing outlook for many commodities and puts pressure on planned investments, mining companies have a unique opportunity and need to rethink their capital expansion strategies. The unprecedented coronavirus pandemic crisis is also forcing companies to consider transforming their supply chains in the future. Improving the efficiency of the end-to-end value chain from production to market can be a major source of value creation in perspectives.