TOP 10

Miners should move from piecemeal solutions adding incremental value to holistic thinking around the next generation of technology solutions to access reserves faster , at a lower cost , and with a lower environmental footprint . Deploy solutions at scale to improve productivity and reduce cost . Improved EDITDA can be achieved through improvement in KPIs for reducing average site costs , reducing fuel consumption , and boosting throughput .

Collaborate with others in the ecosystem ( start-ups and value chain ) and launch ventures to take stakes and form partnerships . There are three priority areas : 1 . Reliability and flexibility . Players in the mining ecosystem need to ensure availability of raw material as required by customers and the market , in a way that can be adjusted up or down depending on market demand or local restrictions .

2 . Traceability and neutrality . Many companies and financiers have made it an imperative to report products ’ environmental footprint across the value chain and to take steps to reduce their carbon footprint .

3 . Innovation . Players can collaborate to introduce innovations that reduce costs across the value chain . For example , BHP has collaborated extensively to foster technological pathways that facilitate decarbonisation .

50 September 2022