🗨 Terms Defining the Mining Industry in 2023
The mining industry is buzzing with a range of hot topic terms and trends that are shaping its future! From decarbonization to the increasing importance of ESG considerations, critical minerals, and the use of AI, there is much to consider. This week’s Nugget examines these buzzwords and trends, including the potential of nuclear energy and ESG initiatives from major players in the industry! We hope you enjoy it; time to dig in!
Emily King
Founder
Uranium Webinar Replay
Missed our recent webinar on Uranium? No worries, the replay is now out! Learn about the importance of nuclear energy in the green energy transition, and how to use the power of Prospector to find global uranium mining projects and information!
Special Release of On The Rocks with James Sykes
In this episode of On The Rocks, we speak with James Sykes to discover more about nuclear energy and uranium, and it's potential as a green energy fuel!
Mining’s Brand Needs to Catch Up with its Importance to Humanity
The mining industry needs to improve its brand image to attract and retain talent, as well as win public support, according to an op-ed in Mining Journal. Despite recent advances in improving sustainability and social impact, the industry is still viewed as polluting, exclusionary and a technological laggard. While a recent survey in Canada found that support for new mining projects rose to 67% of respondents, the lack of interest in the sector among younger workers remains a concern. Consulting firm McKinsey & Co. warned that mining is not currently an aspirational industry for young technical talent to join.
Using a Regeneration Lens: Waste as a Resource
Canadian company Regeneration is developing a start-up that uses re-mining, reprocessing and restoration techniques to extract critical minerals for the energy transition, green tech and sustainable brands. The company says it is exploring site strategies, technologies and policy innovation that contribute to its approach and which it says has industry-wide relevance. Regeneration plans to fund restoration from revenue generated from minerals and renewable and nature-based products and outcomes where possible, instead of relying purely on commercial mining and milling. It also wants to use abandoned and legacy mine sites as technology incubators, and to enable innovation, new technologies should be tested and validated on mining and milling sites.
Energy Transition Drove 25% of the Top 20 Mining M&A Deals in 2022
Energy transition was the main driver behind 25% of the top 20 mergers and acquisitions (M&A) deals in mining last year, according to a report from GlobalData. The research firm found that the mining sector was consolidating to fill a gap in supply of metals such as cobalt, nickel and lithium, which are essential for renewable power and electric vehicle production. It predicted that global electric vehicle production would exceed 30 million vehicles by 2031, meaning mining companies would have to upscale to provide the metals required to produce EV batteries and meet demand.
Five Tips for Growing & Maintaining the Mining Workforce
The mining industry is facing a tight labor market. Learn how to grow and maintain a happy, healthy workforce with these five tips!
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Each week we want to get your opinion about the mining industry. We'll release the results with next week's Nugget!
What do you think about Uranium and Nuclear Energy?
Gold $2,005.13 /oz
Silver $25.19 /oz
Platinum $1,079.00 /oz
Palladium $1,616.00 /oz
Copper $3.73 /lb
Source: Prospector, as of April 17, 2023 at 4:00pm EST
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