Climate risk and decarbonization: What every mining …

To address climate risk, mining companies can focus on three areas: which assets are most at risk from physical climate change; how decarbonization could shift demand for key minerals; and how miners can …

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$15 TRILLION-BACKED MULTI-STAKEHOLDER COMMISSION …

Reduce mining as a driver of conflict through improved identification and management of risks linked to mining-related impacts and revenues. Drive safe and …

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The impacts of artisanal and small-scale gold mining on rural

A livelihood comprises the capabilities, material and social assets, and activities required to make a living (Chambers Conway, 1992).A livelihood is deemed sustainable when "it can cope with and recover from stresses and shocks and maintain or enhance its capabilities and assets both now and in the future, while not undermining the natural resource base" (Scoones, …

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The impact of mining on farming as a livelihood strategy and its

Ghana has a long history of mining which many stakeholders contend has negatively impacted on the growth of other important sectors of the Ghanaian economy and also causing other social problems ...

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(PDF) A critical review of the impact of South Africa's mine …

A critical review of the impact of South Africa's mine closure policy and the winding-up process of mining companies October 2021 The Journal for Transdisciplinary Research in Southern Africa 17(1)

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Maintenance asset data challenges in mining

Three Maintenance Impacts of Asset Data Challenges in Mining. Mining operations are complex, often requiring expensive purpose-built machinery. Maintenance of mining equipment therefore is critical to helping protect capital investments and supporting operational uptime. A critical asset failure can cause operational disruption, which can ...

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The Different Types of Mining and Their …

Types of Underground Mining. Room and Pillar Mining: Used for coal, salt, and potash, this method leaves behind large pillars of material to support the mine roof. Longwall Mining: Common in coal mining, this involves …

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Natural Capital Accounting: understanding mining's impact on …

Natural Capital Accounting can help quantify the environmental impacts of mining. Credit: bmphotographer / Shutterstock C limate change and the global net-zero goal have acutely highlighted the importance of nature; the world knows they need to better preserve ecosystems to combat the former and achieve the latter.

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The Impacts of Mining Industry: Socio-Economics and Political Impacts

The varied mining impacts can be classified in sev eral ways as presented in the table below. ... Literature on both assets impact ed by mining as well as the impact of local people from the .

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(PDF) The Impacts of Mining Industry

Literature on both assets impact ed by mining as well as the impact of local people from the loss of livelihood are scare. Another issue relates to compensation is t hat funds received are ...

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Artisanal small-scale mining and livelihood assets in rural …

Participating in artisanal small-scale mining exerts statistically significant positive impact on financial assets of respondents in mining communities. ... However, its adverse effects on the natural, physical, human and social livelihood assets in the mining communities are equally huge. The study recommends that effective policies on proper ...

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How Should Mining Companies Handle the Accounting for …

The recognizable assets and liabilities associated with obtaining the lease. The impact on the balance sheet and performance indicators due to the lease agreements. In summary, understanding and accurately documenting mineral rights and leases are crucial for proper governance and financial transparency in the mining industry.

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Managing mining risk in a rapidly transforming world

The Impact of Inflation: Inflationary pressures have seen equipment, labour and energy costs soar, while supply chain challenges within the industry have also contributed to …

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(PDF) Study of the Impact of ESG Performance on The Financial

We select the listed companies in China's mining industry in 2018-2022 as the research sample, and empirically examine the impact of ESG performance on the financial performance of listed mining ...

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Mining the environment – is climate risk priced into crypto-assets?

The price impact on the crypto-assets targeted by policy action is likely to be commensurate with the severity of the policy action and whether it is a global or regional measure. ... combined electricity consumption is estimated to account for approximately 80% of the total energy demand of crypto-asset mining. See Gallersdörfer et al. (2020).

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Assessment of the Impact of Mining Activities on Land use …

underdeveloped, and small-scale, artisanal mining practices have a negative impact on the ecosystem. An illustration of the lack of adequate environmental protection measures is provided by soil erosion, barren waste rock piles, open adits, and filthy rivers. The aim of the research is to assess the impact of mining activities

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How to Advance Sustainable Mining | International …

To truly shift to "sustainable mining," governments and companies must recognize the social impacts of mining, and enact laws and regulations that require community consultation throughout the life of a mine. ... The COVID-19 …

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What is asset management in mining industry practices?

The Role of Technology in Asset Management. The impact of digital transformation in mining is undeniable. The introduction of advanced technologies is revolutionising the way we manage our assets, paving the way for more streamlined, efficient, and effective asset management practices. ... Future Trends in Mining Asset Management. As we look ...

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The Challenge of Stranded Assets in Metals and Mining

Therefore, a mining company that has to halt production in one location may find that it can command higher prices at its other locations, potentially offsetting the economic damage. From a credit perspective, this is one reason we favor mining companies whose assets are broadly diversified across geographies and products. REGULATORY RISK

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Hearing: Air, Climate, and Environmental Impacts of Crypto …

3 largest cryptocurrency by market capitalization, switched from a PoW protocol to a PoS protocol last year and has decreased the energy consumption of mining by 99.84%.7 II.

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Revolutionizing Resources: The Drive for Sustainable Mining …

Mining firms are now turning to waste recycling equipment and low-impact mining techniques, such as in-situ mining, to minimize their environmental footprint. These methods are not only environmentally sound but also serve to minimize waste production and reduce negative impacts on surface water systems. The integration of renewable energy into ...

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Disused mines: An important ESG chapter for the mining industry

Mine closure and remediation is an important ESG consideration for all mining organisations. Here we consider how continued innovation, together with good planning, can …

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The Environmental Impact of Illegal Mining in Latin America

Illegal gold mining, one of the major problems facing all Amazon countries, leads to water pollution and deforestation. Among Amazon Basin countries, Venezuela is the one experiencing the fastest-growing rate of deforestation, primarily owing to illegal mining carried out by guerrilla groups and mining gangs known as sindicatos.Similarly, NSAGs play a significant …

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Foundation of a framework for evaluating the impact of mining

The mining industry is faced with many challenges which threaten its continued viability. Firstly, the depletion of high-grade mineral deposits, at the backdrop of global mineral demand for industrial growth and socio-economic welfare (Brundrett, 2014; Mitra, 2019; Ren et al., 2019), is a problem.For industry sustainability, methods to increase productivity must be found …

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Natural capital accounting: understanding mining's impact on nature

The company also prepared the first ever case study of NCA in mining at BHP's closed and rehabilitated Beenup Mineral Sands site in southern WA. "Mining is a very interesting sector because it depletes non–renewable resources, for which we traditionally place a high value on, much higher than we do for nature.

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Rocks and hard places: The ecosystem risks of mining for energy

Mining has the potential to degrade habitats and harm biodiversity directly and indirectly, not only at a mining site itself but also through road and railway development in nearby areas. Building this infrastructure can increase access to remote, biologically diverse areas …

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Exploring the Impacts of Mining on Tourism Growth and Local

Mining licenses in post-apartheid South Africa are being granted by the ruling government in sensitive areas that are important tourism hubs and employment generators. Limited research has been conducted to understand mining impacts on protected environments and tourism sites.

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THE IMPACT OF MINING EXPENDITURE ON REMOTE …

THE IMPACT OF MINING EXPENDITURE ON REMOTE COMMUNITIES IN AUSTRALIA: THE RANGER URANIUM MINE AND THE TANAMI GOLD MINE IN THE NORTHERN TERRITORY Boyd Dirk Blackwell CRC for Remote Economic Participation, UNE Business School, University of New England, Armidale, NSW, 2351, Australia.

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The Economic Impact of Bitcoin Mining: Jobs, Investment,

Driving Economic Growth & Creating Jobs Across the U.S. Bitcoin mining is emerging as a powerful economic engine. According to the latest research from The Perryman Group, the mining industry contributes over $4.1 billion to the annual U.S. gross product, supports more than 31,000 jobs nationwide, and generates upwards of $2.5 billion in personal income.

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Recent Cryptocurrency Developments: Energy and …

their potential beneficial impact on GHG emissions. The energy intensity of cryptomining rises and falls with profitability. In 2022, the prices of various cryptocurrencies dropped substantially, which impacted mining profitability and, subsequently, total energy consumption. The exact impact is difficult to measure because of the lack of public

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