Mining companies in Australia are beginning to adopt green
mining solutions to save costs and protect the environment. Mining
industries are trying to clean up after years of waste and inefficiencies.
Rising costs, market volatility, decreasing productivity, falling commodity
prices, social justice scrutiny and policy changes are among the drivers of new
green innovation in mining.
Criticism
There has been a lot of criticism surrounding mining
companiesin
Australia as well as worldwide. They have been criticised for their poor
environmental practices. However, few people realise that there is a large and
growing set of mining companies around the world developing new technologies to
improve mining and make it more efficient. These technologies are safer for
local communities and workers and better for the planet. Innovative companies
are finding opportunities in the market to address the criticism of mining.
Green
mining technologies
Green mining systems
involves the use of mining technologies to reduce energy consumption,
maintenance, toxicity, emissions, water usage and so on. However, these
technologies require high upfront capital expenditure. Most of these
technologies reduce decommissioning, closure, operation, and post-closure
costs. Innovative mining companies are also incorporating some of these
technologies into operations and they are already realising value. Mining
companies cannot afford to continue using traditional mining processes if they
want to operate competitively and adhere to regulations.
Other
benefits of green mining
Aside from the economic benefits of green mining,
green mining can also offer increased job satisfaction and mitigate social
justice tension. By containing contaminants and reducing emissions, they can
provide a safe working environment for miners. These softer benefits of greenmining solutions also contribute to high returns for mining companies.
From hundreds of eco-friendly mining technology companies, only a few companies
have been identified to stand the best chance of success. It is therefore
important for mining companies to invest in innovation.
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