“ Technology is not only here to stay , but also fundamental to success ”
JEANETTE MCGILL VICE PRESIDENT AND GENERAL MANAGER , METAL & MINING AT ASPENTECH
A finding from Accenture ' s Global Institutional Investor Study of ESG in Mining found that a modest improvement of just 0.5 % more iron ( Fe ) for a relatively low-grade 58 % iron ore product could reduce downstream steel mill emissions by an estimated 0.75 % per unit of hot metal or steel produced – far more than the combined Scope 1 and 2 emissions produced directly by the iron ore mining company . Importantly , beneficiation of the iron ore can bring sizable price premiums – perhaps even 20 % according to the company ’ s predictions .
The key , Accenture says , is having accurate , auditable carbon tracking that starts at the mine and extends along the entire downstream value chain .
Kathryn Jacobs , Managing Director - North America Lead at Accenture states that “ today , mining companies have a great opportunity to contribute directly to the green energy transition by providing many of the raw materials at the top of the value chain – copper , lithium , cobalt and nickel . What ’ s more , if they produce these materials with a lower carbon footprint , they will likely be able to charge a significant price premium .”
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