The Prospector News

Mining Sector to Lead the Transition to Green Energy (IMARC)

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Mining Sector to Lead the Transition to Green Energy (IMARC)

 

 

 

 

 

The transition to a green energy future has been a key focus on the first day of International Mining and Resources Conference (IMARC).

 

 

A key challenge facing the transition is the lack of available critical minerals to help build green technologies.

 

 

Newcrest Mining Chief Financial Officer, Sherry Duhe told the opening session of IMARC that critical mineral demand is going to increase by 300% by 2040.

 

 

“As we become less of the problem we need to be more of the solution” said Ms Duhe.

 

 

Australia is currently the world’s largest supplier of nickel, rutile, tantalum and zircon. Whilst also being within the top five global suppliers of cobalt, lithium, copper, antimony, niobium and vanadium. Key materials needed for battery and other green technologies vital to a sustainable future

 

 

Amber Bieg from Warm Springs Consulting pointed to stark figures that illustrate the massive hurdle the globe faces in order to reach net zero by 2050.

 

 

Amber said that “to achieve global net zero carbon emissions, mining of minerals will need to grow by 6 times by 2050.”

 

 

Despite the need for more mining in order to transition to a green energy future, the public still perceive the mining industry intrinsically tied to fossil fuels when the reality is vastly different.

 

 

Troy Hey, Executive General Manager at MMG however sees the demand for critical minerals as generational opportunity for the sector.

 

 

Mr Hey said that “this could be the greatest reputational repositioning for the industry in a life a time.”

 

 

IMARC speakers and delegates will continue to discuss the energy transition over the next 2 days as they continue to collaborate on trends in mining, investment and innovations towards a sustainable future.

 

 

 

About IMARC

 

 

The International Mining and Resources Conference (IMARC) is where global mining leaders collaborate on trends in mining, investment and innovation towards a sustainable future. As Australia’s largest mining event, it brings together over 7,500 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators, and educators from more than 110 countries for three days of learning, deal-making and unparalleled networking. IMARC is developed in collaboration with its founding partners the Victorian State Government of Australia, Austmine, the Australasian Institute of Mining and Metallurgy (AusIMM) and Mines and Money.

 

For more information, please visit https://imarcglobal.com/

 

Posted November 2, 2022

Share this news article

MORE or "UNCATEGORIZED"


Orea Announces Closing of Oversubscribed Non-Brokered Private Placement

Orea Mining Corp. (TSX: OREA) (OTCQB: OREAF) (FSE: 3CG) is please... READ MORE

January 26, 2023

CANADA SILVER COBALT RELEASES SILVER ASSAY OF 29,165 g/t (850 oz/ton) FROM CONCENTRATE OF CASTLE MINE WASTE ROCK

Canada Silver Cobalt Works Inc. (TSX-V: CCW) (OTC: CCWOF) (Frankf... READ MORE

January 26, 2023

Guanajuato Silver Produces Record 836,375 AgEq Ounces in Q4

Sees 19% Q4 Production Increase Over Q3   Guanajuato Silver Comp... READ MORE

January 26, 2023

Argentina Lithium Drilling Extends Lithium Brine Zone at Rincon West

Argentina Lithium & Energy Corp. (TSX-V: LIT) (FSE: OAY3) (O... READ MORE

January 26, 2023

NEVADA KING ANNOUNCES SIGNIFICANT SILVER INTERCEPTS FROM ITS 2021 ATLANTA DRILL PROGRAM

Nevada King Gold Corp. (TSX-V: NKG) (OTCQX: NKGFF) is pleased t... READ MORE

January 26, 2023

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2023 The Prospector News