some of risk in the mining sector

In short, the mining sector will experience physical risks from exposure to climate change impacts, as well as a range of transition risks and opportunities related to the building of a low-carbon society. Adaptation is a process of adjustment to the changing climate and its effects ( Schipper et al., 2014 ), and in the private sector, this is ...

EY report highlights 10 key risks to the mining industry - and chief among them ESG and decarbonisation. Disruption is fast reshaping the mining and metals sector's perception of where the biggest challenges – and paths to growth – may lie, …

Angie Beifus. Top 10 business risks and opportunities for mining and metals in 2024 (PDF) Download 3 . Top miners continue to make progress on a range of ESG, climate …

Rosen: With the energy transition necessitating around $1.7 trillion of investment in the global mining sector, we can expect a significant increase in the volume of disputes. As more capital ...

At first glance, the 2024 ranking of the top business risks and opportunities in mining and metals (pdf) doesn't differ too much from the last couple of years. But while some issues are clearly becoming long-term priorities — particularly ESG and license to operate — others reflect new challenges in the sector. Open image description.

water risk in the mining sector. Water Risk Filter Research Series Volume 1, WWF Executive Summary 4 1 Introduction: Mining and water risk 7 2 Methodology 8 3 Results and Key Takeaways 12 3.1 Summary of commodity risk 12 3.2 Summary of top 10 companies 14 3.3 Summary by major river basin 15 3.4 Summary by country 19

6. Thermal stress. A common health risk that miners face is thermal – or heat – stress. "Mining environments are often very hot and humid, particularly those in outback Australia, which over time can cause thermal stress in workers. "Overexposure to heat and humidity can cause the body to become fatigued and distressed.

Mining in violation of the laws of the nation in which the activity occurs often takes place in remote areas, and is difficult to police, which leaves opportunities for organized criminal groups to carry out this activity. Transnational criminal organizations, including drug trafficking organizations, and insurgent groups use gold, mostly mined …

Meanwhile, the International Council on Mining and Metals anticipates that some 20 percent of mining and metals workers are at risk of displacement as jobs and skills requirements in the industry evolve. 3 Future of jobs in mining regions, International Council on Mining and Metals, April 2021.

Despite a perception of heightened political risk, Mexico's mining sector continues to attract private sector investment. Despite the current investment climate, Mexico's mining sector creates ...

In Aon's latest Global Risk Management Survey, it was found that the most pivotal risks concerning the industry today are: business interruption, regulatory or …

The mining industry plays a crucial role in the global economy. Mines are currently one of the two sources that provide almost all of the raw materials used throughout the world [ 1 ].

Four future scenarios. To help mining companies set their strategy and mitigate risk in the coming three to five years, Deloitte considered how the future might be affected by two uncertainties: (1) the …

"The mining sector understands risk and 'force majeure' and, probably more than any other sector, is well-equipped and ready to respond. ... Sugars continues: "Some areas, such as commodity price risk, are likely to stay due to the uncertain nature of Covid-19's ongoing impact on the market. This impact has caused a number of big-name ...

An index for drought induced financial risk in the mining industry. L. Bonnafous, U. Lall, and J. Siegel. A water risk index for portfolio exposure to climatic extremes: conceptualization and an application to the mining industry. ... or in some cases the entire industry, due to environmental risks, including those related to water use and ...

Supply chain risk emerged as a new risk in the Ernest and Young (2022) mining industry risks even though it is an issue that has been around the sector for some time. Different methods are used to analyse supply chain risks, including the world governance index (WGI), the Findahl-Hirschman Index (FHI) and the network analysis …

The first theme addresses trends in silicosis in the South African gold-mining industry over a period of 33 years, and the second explores the potential for occupational respiratory disease in the under-researched platinum- and diamond-mining sectors. ... as well as silica dust measurements in some of the mines, point to a risk of silicosis in ...

Some investors have become risk averse and are unwinding their positions in base metals, with valuations suffering as a result. At the same time, traditional mining sector risks—in areas such as health and safety, strikes and social activism, regulatory compliance, stakeholder relations, cybersecurity, data privacy, finance, and operations ...

Commodity price risk remains the top risk the industry faces, while the new addition of global pandemic risk at number two is unsurprising. Economic downturn and uncertainty …

At the same time, traditional mining sector risks—in areas such as health and safety, strikes and social activism, regulatory compliance, stakeholder relations, …

Mining adversely affects the environment by inducing loss of biodiversity, soil erosion, and contamination of surface water, groundwater, and soil. Mining can also trigger the formation of sinkholes. The leakage of chemicals from mining sites can also have detrimental effects on the health of the population living at or around the mining site.

the risk of an economic downturn have dropped — most likely due to the subsidence of the pandemic during 2021 and the transition into the recovery phase. Alongside this, access to capital has fallen out of the industry top 10 from last year, indicating that mining organizations are more confident in their ability to raise funding and investment.

Top 10 business risks and opportunities for mining and metals in 2024. By. EY Global Mining & Metals Leader. Top miners continue to make progress on a range …

interrogate risk noted that "a key challenge of exploring the mining industry's application of social risk assessment is the paucity of empirical studies on this topic" and drew on published

Press releases ›. Global mining industry balancing environmental risk with increasing demand. KPMG Global Mining Outlook 2022. Key Highlights: 62% of respondents …

The inherent risk in the mining industry due to high levels of uncertainty, volatile commodity prices and physical hazards to both people and the environment also make technology adoption challenging (Deloitte, 2016). The negative impacts of technology adoption on achieving daily production targets have put a strain on employee acceptance …

These include budget overruns, inflation, and exchange rate fluctuations. Post-Mine Closures: Risks in this stage relate to long-term environmental and financial obligations, including site rehabilitation. Closure and Post-Closure Risks: After mining operations cease, post-closure risks pertain to ongoing maintenance and rehabilitation.

Changing climate conditions affect mining operations all over the world, but so far, the mining sector has focused primarily on mitigation actions. Nowadays, there exists increasing recognition of the need for planned adaptation actions. To this end, the development of a practical tool for the assessment of climate change-related risks to …

There is a noticeable distinction between risk and hazard, although the latter term is most often used in considering accidents and instability problems of mining constructions and operations (Nelson, 1965; Thrush, 1968).Further on, this chapter will make a review of the diversity of hazards associated with mining activities, and their …

We've had some recommendations as part of the the committee that's looking at reforming the U.S. mining law, which has been the same mining law in place since 1872. And one of those recommendations was always having sort of a centralized clearinghouse so that companies can know what exactly they have to get through in …

Abstract and Figures. This study aims for investigating the process of mining investments and calculating the level of risk to which mining companies are exposed. As a mining firm gets involved in ...

7. Controlling operating costs. 8. Capital allocation. 9. Infrastructure access. 10. Access to new projects. The risks of access to energy and water, increased unionisation and high wage demand, and community relations and social licence to mine are risks that African mining executives have been trying to manage for some time now.

According to a recent study published by Ernst & Young (EY), losing social support, or social license to operate (SOL) is now seen as the main risk mining firms are facing. Another survey by BDO ...

The contribution of the mining sector in the SDG achievement is discussed in a report by the Columbia Center on ... that provides social risk data on a sector and country level, and is integrated with a global input-output model derived from the GTAP database. ... which appear to be a relevant aspect linked to mining activity. Finally, …

01: Environmental risks including new regulations. The non-stop rise of ESG is reflected in environmental risks jumping from fifth place to first in a year. Nearly three-quarters (72%) agree or strongly agree that ESG will be a cause of major disruption in the mining industry over the coming three years. Moreover 84% agree or strongly agree ...

Abstract. Mine tailings—the residue remaining after mineral processing—represent a serious risk to the natural environment, and the failure of tailing storage facilities has caused some of the ...