SUPPLY CHAINS AND OPERATIONS
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water , leading to harmful effects on local communities and ecosystems . Thus , the mining industry has a three-fold obligation to prioritise sustainable water management to address economic , environmental , and social concerns .
McGill explains : “ Water stewardship is another key area – and mining operations have a responsibility to local communities and their environmental resources . These companies must take a proactive approach to water management and look to ESG initiatives as a method for achieving their sustainability goals .”
On the issue of water stewardship , Brandon Richardson , Sr . Industry Marketing Consultant at AspenTech , adds on to this sentiment , stating , “ the responsibility thrust upon the mining industry in meeting the Dual Challenge is not simple but is now at the forefront of strategic plans . Water management is a critical aspect of this challenge , and mining companies must take a proactive approach to minimise their impact on local water resources and communities . Utilising advanced technologies and community engagement not only helps to minimise the impact of mining operations on local water resources and communities but also helps mining companies comply with regulations and reduce environmental impact .”
By utilising water efficiently , safeguarding water quality , and engaging in collaborative management , mining companies can showcase their leadership in water stewardship .
Reshaping mining procurement For the mining industry , procuring materials is not slowing down anytime soon . The World Bank forecasts a 500 % surge in demand for metals and minerals , such as lithium , nickel and graphite , used to produce the clean energy technologies needed to meet Paris Climate Agreement goals .
30 May 2023