NEWS
MINERALS  

Sustainability pressure turns into competitive advantage for miners — report

Gone are the days where the economics of sustainability meant mining companies had to choose between what was best for their bottom line and what was best for the environment and the communities their mines affect, a BDO report, Impressions from PDAC 2019, released this week finds.

Among the reports key findings are that sustainability pressure turns into competitive advantage. After stakeholder pressure has made the cost of electric equipment aligned with traditional tools, stakeholders now demand that miners implement substantive sustainability measures into their corporate planning. Blockchain technology is now commonly used by key mining companies, including Goldcorp and Yamana Gold, to monitor and validate gold’s source

BDO predicts that ethically sourced metals and minerals offering a competitive advantage is a growing trend. Ethically sourced gold for example, may command a price premium of 3% to 5%.

Blockchain technology is now commonly used by key mining companies, including Goldcorp and Yamana Gold, to monitor and validate gold’s source. Metals and minerals shortages has become a reality, and the most prominent metal supply gap in the coming years is copper, BDO notes, with an estimated 27% increase in production needed to meet supply through to 2028, requiring an investment of $115B in mining investment to produce.

A recurrent theme throughout the PDAC conference was an acknowledgement that equity markets have fallen out of love with junior miners over the last couple of years with an understanding that investors have been lured away by other sectors, most notably into cannabis stocks. The result is equity funding for junior miners is draining in Canada, BDO finds.

News No: 4028
Date: 2019/03/14 - 23:07
News Source: MINING.COM

economics  miners  PDAC  Blockchain  technology 

Comments:

Leave a Comment:

   
   
   
 

Amirkabir University to Launch Tech Complex

Tehran-based Amirkabir University of Technology plans to launch a technology complex in collaboration with the state-owned Bank of Industry and Mine.
 

India: Monitoring Committee Recommendations to Supreme Court Relieve Karnataka Iron Ore Miners

Karnataka iron ore miners have received some sense of relief from the recent recommendations submitted by Supreme Court-appointed – Monitoring Committee.
 

Australia to host battery research centre

Australia's Federal Minister for Industry, Science and Technology, Karen Andrews, announced the approval of a Future Battery Industries Cooperative Research Centre (CRC) at Curtin University in Perth. Andrews also said her office will commit A$25 million in funding.
 

Cobalt, uranium and silver prices expected to rally in 2019

A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver
 

From turbines to thermostats: copper miners eye high-tech demand

Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.
 

Don't bet on platinum miners boosting supply on price surge

The recent jump in platinum-group metals prices is boosting miners’ profits, but that doesn’t mean they are likely to increase supply anytime soon, according to the world’s No. 1 producer.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners