The 2025 European mining event covered topics like AI, ESG, and artisanal mining. China’s monopoly on critical minerals has spurred a global race. Australia aims to challenge this monopoly with its rich reserves. Geoscience Australia is leveraging advanced technology to map mineral potential and boost domestic production.
New technologies like self-driving vehicles and AI are revolutionizing mining operations. Mineral-X and KoBold Metals claim the largest copper discovery in a decade. Space technology, including satellites, is playing a crucial role in mining. Companies are using satellite data for safety and efficiency improvements in mining operations.
Artisanal mining is growing, contributing significantly to global commodity supply. Experts at Resourcing Tomorrow highlighted this sector’s importance. Pan American Silver’s Brent Bergeron emphasized the need for regulation in artisanal mining. The sector poses social and environmental risks, raising concerns around ESG in mining. Resourcing Tomorrow underscored the importance of ESG frameworks in the industry today. Experts suggest that the concept of ESG is evolving, with some calling it “rebranding” while others believe it is “dying.” The new focus is on VUCA – volatile, uncertain, complex, and ambiguous situations – impacting not only mining but everyday life, highlighting the need for ethical practices in the industry.
As the world becomes increasingly uncertain, ESG is seen as a tool to manage VUCA risks, posing questions on how it can advance brand equity, increase revenue, reduce costs, and minimize risks. The language of ESG may be changing, but its importance in addressing challenges in the mining industry remains crucial.
Despite the debate over the status of ESG, ethical considerations in resource sourcing are still paramount in mining operations. Challenges arise from varying regulations across different markets, making compliance a significant hurdle for the industry to navigate and balance.
South Africa’s Department of Mineral and Petroleum Resources emphasizes the need to enhance supply chain resilience in the mining industry. Strengthening infrastructure to align with ESG standards is crucial, and collaboration with investors and partners is essential to drive regulatory improvements in the sector.
Mining companies are exploring circularity as a way to operate within ESG frameworks, focusing on the concept of material as a service to promote sustainability. By participating in the circular economy and offering raw materials for re-use, mining firms can play a vital role in driving sustainable practices and reducing environmental impact.
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