The Asia Miner

OCT-DEC 2018

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 7 of 51

the asia miner • volume 15 • issue 4 6 LEADING DEVELOPMENTS than longer-term growth. In addiঞon, allocaঞng resources to innovaঞon research is difficult, "parঞcularly in periods of depressed prices, as those resources would typically come out of operaঞonal budgets". Innovaঞon also thrives in a climate of collaboraঞon. Unfortunately, compeঞঞveness within the mining sector can inhibit breakthroughs "due to the interoperability of original equipment manufacturer systems and related company fears of jeopardising the security of their intellectual property". Another detrimental effect of the mining sector's reputaঞon as being slow to embrace and foster a culture of innovaঞon, is its incapability to aract, recruit and retain the type of staff needed to drive innovaঞon forward. INNOVATION, MINING AND THE GOVERNMENT FACTOR Changes relaঞng to innovaঞon, parঞcularly around automaঞon and digiঞsaঞon, are seen as potenঞally contribuঞng to reduced greenhouse gas emissions and improved worker health and safety. They could also have significant impacts on employment levels, skills creaঞon, and local content. As low-skilled jobs become increasingly lost to automated machines, communiঞes could see declines in economic acঞvity, governments could see reduced revenues and companies could see an erosion of their social licence to operate. As a result, government's engagement with innovaঞon across all industries, not just the mining sector, is paramount. Governments can engage through the creaঞon of incenঞve programs for innovaঞon, by directly supporঞng research and development, and by establishing mining innovaঞon hubs that foster collaboraঞon. KPMG believes that governments should support a culture of communicaঞon and coordinaঞon among stakeholders that "minimises duplicaঞon of efforts and builds trust among innovators". They should also "leverage exisঞng public innovaঞon funding opportuniঞes, tools, and experঞse to support the efficient sharing of resources by mining stakeholders, and to reduce risks for first movers to accelerate the adopঞon of green technologies". The IISD, in its 2018 report, postulated that governments should create "stable poliঞcal and legislaঞve contexts for mining investments, promote the adopঞon of renewable energy through policies and incenঞve programs, and ensure that the technological, financial and societal benefits of mining innovaঞon were shared among companies, communiঞes and the state". RENEWABLES According to a White Paper released by SunSHIFT, ঞtled Renewable Energy in the Australian Sector, the mining sector accounted for approximately 10 per cent of Australia's total energy use. In real terms, this translates to 500 petajoules per year – a 6 per cent per annum increase over the last decade that has been driven predominantly by increased mining volumes. The esmated mining energy intensity and three most energy intensive operaons for coal, metals, and minerals. The energy intensity in metals ranges from 13kWh/tonne to 210kWh/tonne, due to differences in on-site beneficiaon operaons. Image ©SunSHIFT

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