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Responsible Sourcing and Supply Chain Decarbonization: Shaping an Ethical and Sustainable Future for the Mining Industry

The mining industry plays a significant role in our modern society, providing the raw materials necessary for various sectors. However, this industry also faces challenges related to sustainability and responsible practices. As the world grapples with the urgent need to combat climate change, responsible sourcing and supply chain decarbonization have emerged as vital components in creating a greener and more ethical mining industry. In this blog post, we will explore the concept of responsible sourcing and its crucial role in decarbonizing the mining industry’s supply chain. We will also delve into the importance of traceability, transparency, and various initiatives that promote ethical mining practices, conflict-free minerals, and reduced carbon footprints throughout the supply chain. Lastly, we will highlight examples of companies that have implemented responsible sourcing strategies and the positive impact these initiatives have had on decarbonization efforts.

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Green financing

Green Financing and Investment in Mining: Driving Decarbonization Efforts

The global mining industry has long been associated with significant environmental impacts, including carbon emissions and ecosystem degradation. However, in recent years, there has been a remarkable shift in the financial landscape, with green financing and investment emerging as key drivers of decarbonization efforts within the mining sector. As the world intensifies its focus on sustainability, investors are increasingly prioritizing environmentally sustainable projects, prompting mining companies to seek funds for transitioning towards low-carbon technologies and practices.

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mining and metals

Schneider Electric Joins as Sponsor for the 4th Energy Transition and Emission Reduction Conference for Metals and Mining on September 21-22

Exciting news, as global giant Schneider Electric is joining the 4th Energy Transition and Emission Reduction Conference for Metals and Mining forum this September. This two-day event will provide valuable insights into the latest trends and innovations in sustainable mining, green steel practices as well as strategies for reducing emissions and transitioning to renewable energy sources.

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Lithium battery

What a massive new lithium refinery in Texas might mean for electrification?

While a simple search for electrification content will bring up hundreds of sleek photos of vehicles, futuristic cityscapes, and gadgets, the truth of the matter is that all this infrastructure still needs to be built. And to do that, metals and minerals need to be dug up and refined. Despite the pressure placed upon it, the mining and metals industry will be a vital part of the process of electrification. A new facility in Texas is just one such indicator.

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The upcoming 3rd Energy Transition Conference in Stockholm, Sweden

Future Bridge is proud to announce its third iteration of the summit for the Energy Transition and Emission Reduction for the Metals and Mining Industry. The event is designed to bring together key decision-makers and industry experts to scale up sustainability, decarbonize existing operations and keep the industry growing. Mining and metals will be vital to the world’s electrification efforts, so leaders need to ensure the future growth of the industry.

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Technology and Sustainability for Decarbonization in Mining

The way operations are conducted will have to change. The mining industry has got to evolve and embrace new technologies and practices that minimize its environmental impact. In this post, we will explore the future of mining and the advancements in technology and sustainability that are driving this change. Technology has a long history of making the mining industry better across all fields, from efficiency and productivity to safety. So let’s look over some of the more relevant technological improvements.

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smart dust

How Smart Manufacturing can lower dust pollution levels

While most discussions of pollution focus on CO2 emissions or very clear run-offs of chemicals, most operations create a number of other outputs that can be considered harmful. Light, noise, and even dust, for example. Transportation, logistics, mining, and other industries tend to generate a lot of dust during operations that spread to nearby areas. So how can the technologies of the 21st century, like smart manufacturing, help?

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The Challenges of Mine Site Rehabilitation and Closure

The push to decarbonize brings a number of pressures to bear on the mining industry. The logistical cost of extraction and transportation already exceeds the emissions of some entire industries, but mines take other tolls on the environment. Even when a mine closes, steps must be taken to ensure that the area is not ruined or contaminated. It’s vital that industry leaders learn the best methods and technologies that help rehabilitate mine sites upon closure.

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The Future of Exploration: Trends and Technologies for Mining

Exploration has always been an essential part of mining. Metals and minerals have to be located before they can be extracted, a process that is time-consuming and difficult, as these things tend to be hidden underground. With the increasing demand for natural resources, exploration has become even more critical for mining companies to keep up with demand. So the industry needs to learn about modern technologies that can help during the exploration stage.

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The Role of Metals in the Green Energy Revolution

Decarbonization isn’t just about removing certain kinds of fuels, engines, and vehicles. It’s also an additive process, as many industries will switch to electric and other green alternatives. The bottom line is that the world is going to need exponentially more eclectic infrastructure, batteries, and other devices. The primary source of raw materials will be the mining industry, as manufacturers will need copper, lithium, and others to actually make the devices that will, literally, power the Green Energy Revolution.

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The Rise of Responsible Mining Practices: ESG in Mining

The principles of good ESG are not new and not unique to the mining industry. But most industries also don’t come under the same scrutiny as mining. After all, from vehicle emissions to environmental disruption, mining does leave quite a literal impression on the landscape and communities near it. As a result, the industry needs to think about how it can be more sustainable and build better connections with the communities and governments it works with. It is also useful to take a look at some existing ESG initiatives practiced in the industry to see what can be expanded and improved.

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Community mining

The Importance of Community Engagement in Mining Projects

Mining projects often face opposition from communities that live in or near mining sites due to concerns about environmental dangers and other effects the site might have on their community. To mitigate these often valid concerns, mining companies need to engage with local communities to build trust, establish meaningful, reciprocity relationships, and ensure that mining projects are built and operated in a responsible and sustainable manner.

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Mining in Developing Countries: Challenges and Opportunities

Mines exist where there are metals and minerals, this is a simple truth. So it’s no surprise that there are mining operations all over the globe, including in developing countries. In fact, the developing world actually has the majority of certain mineral and metal reserves globally. Take lithium, for example. Argentina, Bolivia, and Chile alone hold around 60% of the world’s reserves. This metal will be important later. In general, the developing world has a lot to gain from extracting these valuable metals, but there are a series of unique challenges ahead. So what are the challenges of future mining in the developing world, and do they counteract the opportunities?

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women in mining

Women in the Mining Industry: Breaking the Gender Barrier

Mining has a reputation for being a boys club, a reputation it, unfortunately, has done very little to prevent. Women are underrepresented in all areas of the industry and consist of roughly 10% of the global mining workforce. As of writing this text, there are no female mining CEOs. As the industry goes forward, it needs to adapt to the future. Some studies show that diverse workplaces are more efficient and innovative. The ‘boys club’ reputation might also drive away skilled, female specialists who could have many positive contributions to a company.

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Covid 19 effect on mining

How Covid 19 affected the mining industry

The global pandemic that started in 2020 (or 2019, technically) has left its scars on the worldwide economy. While the 2022 war in Ukraine is the focus of a lot of current research, it’s worth exploring exactly how the pandemic affected the dynamics and operations of mining companies around the world. There are some lasting effects, from the ‘aftershocks’ of price fluctuations to more unpredictable demand and disrupted supply chains. While Covid 19 might be an anomaly and not likely to repeat itself, it’s impossible to predict the future and companies would be wise to have some plans in place should a similar disruption strike again.

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The Future of Mining: Advancements in Technology and Sustainability

Mining has been an essential industry for centuries, providing the resources needed to fuel everything from construction and transportation to electronics and energy production. However, traditional mining practices have often been criticized for their negative environmental and social impacts. In recent years, there has been a growing push for the mining industry to adopt more sustainable practices that minimize harm to the planet and its people. At the same time, technological advancements are revolutionizing the way mining is conducted, allowing for greater efficiency, safety, and precision. In this blog post, we will explore the future of mining and how new technologies and sustainability practices are shaping the industry’s evolution.

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What every mining CEO should know about decarbonization and climate risks?

As the world increasingly grapples with the impacts of climate change, the mining industry has found itself under scrutiny for its significant contribution to greenhouse gas emissions. Mining CEOs, in particular, have a crucial role in addressing the industry’s carbon footprint and mitigating climate risks. Decarbonization and climate action have become crucial considerations for companies operating in the sector, as stakeholders, investors, and regulators demand more sustainable practices. In this blog post, we explore what every mining CEO should know about decarbonization and climate risks, the challenges they face, and the opportunities for sustainable innovation in the industry.

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AI and how it’s used in mining

The use of AI in mining has revolutionized the way that companies approach everything from exploration and extraction to processing and transportation. This technology has made it possible to gather and analyze vast amounts of data in real time, allowing for faster and more accurate decision-making. From autonomous vehicles to predictive maintenance systems, AI has enabled mining companies to increase efficiency and productivity while reducing risk and environmental impact.

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smart manufacturing

How smart manufacturing can lower dust pollution levels

In recent years, there has been growing concern about the negative effects of dust pollution on our health and the environment. Dust pollution is a serious issue that can cause respiratory problems, allergic reactions, and even lung cancer. Traditional manufacturing methods have been known to contribute significantly to dust pollution levels, but with the rise of smart manufacturing, we have the opportunity to reduce these levels and create a healthier environment. In this post, we will explore how smart manufacturing can lower dust pollution levels and improve our quality of life.

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zero-emission battery

What will a zero-emission battery system mean for electrification?

As the world continues to grapple with the challenges posed by climate change, the need for sustainable and renewable energy sources has never been more pressing. Among the various alternatives, electrification has emerged as a promising solution for decarbonizing transportation and reducing greenhouse gas emissions. However, the widespread adoption of electric vehicles (EVs) has been hampered by the limitations of existing battery technology, which often relies on expensive, scarce, and environmentally harmful materials. This is where Fortescue’s new zero-emission battery systems come in. In this blog post, we will explore the potential of zero-emission battery systems to transform electrification and enable a sustainable, low-carbon future.

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How the mining industry can respond to climate change, part 2

Climate change is one of the most pressing challenges facing the world today, and its impacts are being felt across all sectors of society. The mining industry, which plays a crucial role in providing the raw materials needed for various industries, is not immune to the effects of climate change. In fact, the mining industry is a significant contributor to greenhouse gas emissions, which are the primary driver of climate change.

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How the mining industry can respond to climate change

Climate change is one of the greatest challenges facing our planet today. As the world continues to warm, the impacts of climate change are becoming increasingly severe and wide-ranging. From extreme weather events to sea-level rise, the effects of climate change are being felt around the globe, and there is a growing consensus that urgent action is needed to mitigate its impact.

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net zero

How Net zero benefits the mining industry and the environment

The concept of Net Zero refers to achieving a balance between the amount of carbon dioxide emitted and the amount removed from the atmosphere. The mining industry is one of the largest carbon-emitting industries in the world, responsible for about 4-7% of global greenhouse gas emissions. Achieving net-zero emissions in this sector would require significant changes in the way mining is done. However, the benefits for both the environment and the mining industry are substantial.

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8 Trends in Mining Tech to look out for

The mining industry has always been at the forefront of technological innovation, from the use of steam engines in the 19th century to today’s cutting-edge technologies like drones, robotics, and data analytics. In recent years, the industry has faced increasing pressure to become more sustainable, while still maintaining productivity and profitability. To meet these challenges, mining companies are embracing new technologies and trends that enable them to extract resources more efficiently, with minimal environmental impact, and lower costs. In this listicle, we will explore the top eight trends in mining technology this year. These trends include automation and robotics, data analytics and artificial intelligence (AI), drones, virtual and augmented reality, the Internet of Things (IoT), blockchain, advanced materials, and energy efficiency and renewables. By adopting these technologies, the mining industry is transforming the way it operates, improving safety, reducing costs, and increasing sustainability.

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A worldwide commission on mining sustainability has been launched

The launch of a global commission to raise mining sustainability is important because mining can have significant environmental and social impacts, including habitat destruction, pollution, and displacement of local communities. The commission can help address these issues by promoting sustainable mining practices that prioritize environmental stewardship, social responsibility, and economic viability. This can benefit both the industry and the wider community by ensuring that mining activities are conducted in a way that minimizes harm and maximizes benefits for all stakeholders.

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What is green mining and why it is important in 2023?

Mining is a critical sector of the global economy, providing the raw materials that drive our modern society. However, traditional mining practices can have a devastating impact on the environment, depleting water sources, destroying habitats, and contributing to climate change. To address these concerns, a new approach to mining is gaining traction: green mining.

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Oil and gas

Why the oil and gas industries should take decarbonization seriously

The oil and gas industries are major contributors to the world’s carbon emissions. The burning of fossil fuels such as oil and natural gas releases large amounts of carbon dioxide into the atmosphere, leading to global warming and climate change. With the growing awareness of the negative impact of carbon emissions on the environment, it is becoming increasingly important for the oil and gas industries to find ways to decarbonize their operations. In this post, we will discuss some of the ways in which the oil and gas industries can reduce their carbon footprint and become more sustainable.

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Africa mine

How Africa’s minerals are vital for the energy transition

As the world tries to phase out fossil fuels, the logical alternative is electric vehicles. As electric vehicles begin to replace traditional cars at scale, there will be an exponential growth in demand for batteries. We have already written about the opportunities facing the mining industry in the future here. Simply put, there will be a spike in demand for copper, lithium and other materials vital for electronics. This raises an important question: where will the world find these materials? The short answer? Africa. But first, why is this important?

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Mining and minerals

New discovery of rare earths and minerals in Sweden may be the answer to the EU’s resource troubles

Europe is quite dependent on imports of minerals, including those from Russia and China. According to the European Commission, the European Union (EU) imports more than 80% of the minerals it needs for its industry, including critical minerals such as rare earth elements. China is the largest supplier of rare earth elements to the EU, followed by Russia. Now a new discovery in Sweden may change that.

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Exploring Sustainable Mining Techniques and Technologies in 2023

Sustainable mining is a topic that has gained increasing attention in recent years as the world becomes more aware of the impact of mining on the environment and communities. In 2023, there are a number of techniques and technologies that are being developed and implemented to make mining more sustainable and reduce its negative impact.

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The top mining and metals risks and opportunities in 2023

The upcoming year will bring a host of new risks to the mining industry. Any company’s 2023 strategy will need to include environmental regulations, the clean energy transition, and political/economic upheaval. It is not all doom and gloom, however. Developments in AI, self-driving vehicles, and biofuels present companies with methods to cut emissions and limit costs. Demand for certain metals and materials may increase drastically in the future. So what are some of the main risks and opportunities in 2023?

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New mining law Finland

Finland’s New Mining Law and what it means for the Industry

This November, the Finnish government has included a number of reforms for its mining industry. Chiefly, the government would levy a 0.6% royalty on a number of metallic minerals. Industrial minerals would also be taxed, at 0.2EUR per tonne. Additionally, the Industry would have an increased tax liability. Any company extracting minerals from Finnish bedrock would fall under this category. If the proposed reform passes, it would come into force in 2024, though there is some discussion of earlier implementation. So what should companies know?

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Digital transition in mining

How digital innovation can improve mining productivity

The mining and metals industry is in a unique position. The world moves towards decabonization and limiting GHG emissions, but the demand for metals is growing. Decarbonization without electrification appears impossible. Electrification needs copious amounts of metals and minerals. As a result, the mining industry needs to seek out ways to increase efficiency while still limiting its carbon footprint. Enter digitalisation. Modern innovations in AI and general digital technology can now allow mines to upgrade their efficiently without major equipment overhauls. So let’s take a closer look at some of the technologies helping miners today.

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Coal in 2023

Five things you should know about coal in 2023

Since the 18th century, coal has had a vital role in industrial production, energy, and heating. Even today, this fossil fuel is responsible for the majority of Asia’s energy production, led by China and India. Yet, as a fossil fuel, it is becoming increasingly regulated and costly to use. GHG emission regulations are ramping up globally and it seems that coal lacks any long-term perspectives. Despite this, demand and prices have been on their way up since 2021. So what is the future of coal in 2023?

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Clean energy

How can miners support the clean energy transition?

The world is seeing a unified push to discard fossil fuel power in exchange for sustainable energy. Electric cars, hydrogen-cell ships, and solar power are all examples of technology and innovations prompted by this revolution. As the world transitions to electric vehicles, the demand for metals and minerals is set to skyrocket.

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