Mining
Mining is becoming increasingly critical in the modern world, serving as the backbone of the global transition toward renewable energy and a more sustainable, electrified economy. As governments worldwide strive to combat climate change, the shift from fossil fuels to renewable sources like solar and wind, demands an unprecedented increase in the procurement of minerals and metals. These materials, including rare earth elements, copper, lithium, and cobalt, are indispensable for manufacturing renewable energy technologies, electric vehicles (EVs), and battery grid storage solutions.
The global push for infrastructural modernisation further amplify the need for these critical minerals. Copper’s excellent conductivity makes it essential for electrical grids and renewable systems, while lithium, nickel, cobalt, manganese, and graphite are vital for EV batteries.
The mining industry is in need for modernization and a reorganization to ensure supply chain resilience and security, particularly in a geopolitical landscape marked by tensions and the quest for sustainable development. The emphasis on environmental, social, and governance (ESG) factors propels the sector towards more responsible mining practices, aiming to reduce environmental impact and enhance social welfare.
Mining is not just about extracting resources; it’s central to achieving global climate targets, supporting technological innovation, and securing the raw materials necessary for the transition to a cleaner, more sustainable future.
