Mining Sector Issues
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- Mining Sector Issues
Many participants raised the issue of water stress levels in Latin America's mining sector, particularly in Peru and Chile. One participant underscored the critical impact of the water issue on local communities, suggesting how environmental performance can affect social license to operate.
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Moody's categorizes the sector's health and safety risk as very high because of safety-related issues such as mine collapses and health-related issues. Specific coal mining incidents can be ...
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The mining and metals industry is recovering from one of its most difficult periods in decades - and it now has to contend with a rapidly changing world. Here are seven factors that will determine which …
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Compliance is not legally required but is strongly recommended. The De Beers Group and its affiliated mines employ this practice, and it is regarded as an industry standard. Sub-Sector Best Prospects . Mining equipment, services, base metal processing, mineral prospecting, underground mining skills training, and consulting are sub-sector …
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Challenges of Zambia's mining sector . This section highlights some of the key challenges of Zambia's mining sector. (i) Mono-dependency on copper – The country has been heavily reliant on the copper mining sector. This has resulted in the under exploitation of other sub-mineral sectors to attain social-economic development.
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more important than ever for the mining sector to incorporate human rights into their business practices to manage risk and create opportunities. However, progress in this area has been slow. The Responsible Mining Index (RMI) 2022 report shows that overall performance around human rights in the sector Top 10 business risks and opportunities for
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In terms of sales volume, thermal coal and PGMs are the largest mining sectors in South Africa, accounting for ~50% of total sales in mining—with coal accounting for ZAR 139 billion and PGMs for ZAR 125 billion of total sales volume in 2019. ... How can we make climate issues integral to our business decisions and structure incentives and ...
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Other participants stated that some of the most critical ESG issues in the Latin American mining sector might not even be captured in companies' ESG reports because such reporting takes place at a corporate and not an asset (mine) level. For some participants, the level at which ESG risks are measured and reported impacts the e˝cacy ...
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Data exclusively provided to MiningMX by Sibanye-Stillwater shows that there were 581 recorded illegal mining incidents around the company's South African gold …
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The mining sector provides raw materials to these fast-growing sectors. The total value of mineral production (excluding atomic & fuel minerals) during 2017-18 has been estimated at $16.6 bn, which shows an increase of about 13% over that of the previous year. ... Contaminated air with high particulate matters is also a major problem …
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Global mining industry balancing environmental risk with increasing demand. Decarbonization driving growth in sector. Decarbonization driving growth in sector. Share. 1000 ... Commodity prices, permitting risks and access to reserves are still key issues for executives, but environmental and geopolitical factors are increasingly taking up ...
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The Bureau of Land Management, on Aug. 22, released its final Resource Management Plan for its Rock Springs District in Southwest Wyoming, spurring …
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Nigeria's mining sector is entering a new phase following the Covid-19 pandemic, with greater government support and a growing role as an important generator of export earnings amid post-pandemic economic recovery. Many of Nigeria's mineral resources remain unexploited, with considerable potential in gold, precious and semi-precious …
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The World Economic Forum convened a group of senior leaders from the Mining and Metals industry communities to explore the major challenges that will shape the industry's ongoing transformation. This report compiles their views, which together provide a foundation for both industry and non-industry stakeholders to understand the …
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Disruption is fast reshaping the mining and metals sector's perception of where the biggest challenges – and paths to growth – may lie, according to EY's annual review of risks and opportunities in the global mining sector.. The climate crisis and rising stakeholder expectations are increasingly significant forces of change.
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The mining and metals industry is recovering from one of its most difficult periods in decades - and it now has to contend with a rapidly changing world. Here are seven factors that will determine which companies will prosper in the coming years ... Meanwhile, industry-specific issues related to regulation, geopolitical risk, legal limits …
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As cyberattacks on the mining sector continue to escalate, the potential global ramifications are becoming increasingly apparent, raising urgent questions about the industry's preparedness to confront these evolving threats.
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BBVA Research / Mining sector outlook 2022 3 Key points In a broader investment analysis horizon, Peru is a country with mining resources, which favors interest in investment. In addition, its production costs are competitive. However, the policies implemented in the mining sector do not seem to be the most favorable for attracting …
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For an industry that inherently operates over the long-term, these shifts in a short space of time are striking. They underline the extent to which climate change related issues and ESG more broadly are reframing …
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In its 20th edition, PwC's 2023 Mine: The era of reinvention, an annual review of the Top 40 mining companies globally, examined trends in the mining industry. In this report, PwC found market capitalisation of the Top 40 miners tripled from US$400bn in 2003 to US$1.2trn in 2022.
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The issues related to Mining 6.1 Environmental issues 6.2 Capacity building and awareness of the sustainability issues 7. Conclusion ... In the mining sector, the government promulgated a new mining proclamation and mining income tax proclamations to encourage the participation of private
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In the five years since the Mount Polly mine disaster, British Columbia's mining industry has focused on tailings pond management and obtaining social licence for resource extraction projects.
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Since 2020, rising operational costs and growing anxieties about the capacity of critical mineral supply necessary to meet the demand needs of the energy transition have put the efficiency of mining operations in the spotlight. Technology is increasingly becoming a core component of mining & metals sector business strategies as it seeks to meet …
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Three cross-industry trends are converging to trigger far-reaching changes within the mining workforce. First, the nature of work itself is evolving, with an increasing focus on automation, algorithms, and a growing need to be digital savvy—resulting in an estimated one in 16 (more than 100 million) workers globally needing to find a different …
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Guyana is a country with abundant mineral wealth. Extractive industries, along with agriculture, drive the economy. Mining poses several inherent challenges due to its negative impact on the environment, its relatively high level of capital intensitycompared to other main productive activities, and the heavy enforcement demands on understaffed …
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Capital rises to #2, as the mining sector grapples to fund the expansions required to meet increasing demand for minerals crucial to the energy transition; …
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The following 10 mining industry trends provide a toolkit to help companies not only profit from whatever the future might bring, but to leave a positive social impact as their legacy. ... is growing to reach beyond environmental compliance and make high-level commitments in the public domain around ESG issues that are shaping the future of the ...
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Against this backdrop, miners have to plan for the considerable challenges of this decade. These include the urgent need to address the prospect of acute labor shortages, a legacy of …
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At the same time, legacy environmental, health, and safety issues had diminished mining's social license to operate in many communities. The solution was to recast the mining business model as a development partnership, and to work with stakeholders to pursue shared goals. ... Trends in environmental law affecting the …
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NEW YORK, NY, USA, 30 JANUARY 2024—Released today, the 16th annual edition of Deloitte Global's mining and metals report, Tracking the trends 2024, explores key trends facing mining and metals companies and how the sector is navigating a complex matrix of challenges, opportunities, expectations, and demands.Each trend …
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US$12bn mining sector target to change the nation's fortunes", The Herald, 15 October 2019.Hide Footnote Since the virus-induced global economic downturn, ... Crisis Group has also addressed conflict issues particular to artisanal gold mining in Latin America Report N°73, Gold and Grief in Venezuela's Violent South, 28 February 2019; ...
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OTTAWA – Today, the Mining Association of Canada (MAC) released its annual Facts & Figures report, a comprehensive overview of current trends, including updated statistics and analysis, in Canada's mining sector. This year's report highlights how the mining industry is responding to challenges stemming from the ongoing …
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