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Resourcing Tomorrow 2025: emerging technologies, artisanal mining, ESG and more
Yahoo Finance· 2026-02-11 15:35
Core Insights - The mining industry is experiencing a transformation through automation and new technologies, enhancing operations and boosting domestic production globally [1][4][6]. Group 1: Technological Advancements - Self-driving vehicles are revolutionizing mining operations, showcasing how automation is enhancing efficiency [1]. - Australia is utilizing advanced electromagnetic surveys to create mineral potential maps, covering around 70% of the country [2]. - Satellite technology is being integrated into mining operations, allowing for remote data transmission and monitoring of worker safety [7][10]. Group 2: Critical Minerals and Market Dynamics - Australia is positioning itself as a key player in the critical minerals market, which is essential for energy transition technologies [3][4]. - China currently dominates the production of over 15 critical minerals, leading to a global race among nations to reduce this dependency [4]. Group 3: Artisanal Mining Sector - The artisanal mining sector has grown significantly, contributing approximately 20% of the world's gold supply today, up from 4% in the 1990s [11]. - There are pressing regulatory challenges within the artisanal mining sector, particularly concerning social and environmental risks [12][14]. Group 4: ESG and Industry Challenges - The relevance of ESG frameworks in mining is being questioned, with some experts suggesting it is evolving rather than dying [15][17]. - The industry faces challenges in balancing compliance with varying regulations across different markets [18][19]. - Circular economy principles are being explored, with mining companies encouraged to adopt practices that support sustainability [20][21].