Several industries, including manufacturing and business services, have experienced a steady improvement in productivity and efficiency over the last 25 years. This pace of improvement is, however, not seen in the mining industry, where productivity has largely remained steady (Exhibit 1). While the ten largest …
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Green Mining aims to ensure the availability of 3. THE GREEN MINING CONCEPT Finland's Green Mining concept was developed in 2011 as a major tool to make Finland the forerunner in sustainable mining (Nurmi and Wiklund, …
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Section 3 outlines the methods and results of a content analysis of the sustainability reports of large-scale mining companies focusing on concepts associated ... there would still be demand for materials from primary production, i.e., extraction via mining. ... examined an example of the coal mining industry to discuss the establishment of a ...
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Understanding the lifecycle of a mining project is essential for stakeholders ranging from investors and environmentalists to policymakers and communities.
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The influx of artisanal mining activities and small-scale mining firms undermine the role that environmental reporting plays, since most of the firms do not produce any environmental reports. The corporate reporting landscape of Ghana is still growing, and there are no rigorous systems for firms to drive reporting, but in 2022, the Ghana Stock ...
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Let us make an in-depth study of the meaning, definition, types and factors of production. Meaning of Production: Since the primary purpose of economic activity is to produce utility for individuals, we count as production during a …
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In this context, decision makers in APEC economies need better information to create policies that boost mining productivity and attract investment. This project will assess these information …
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Social awareness is crucial for encouraging the adoption of sustainable practices in the mining industry. As consumers become more informed about the environmental and social impacts of their purchases, demand for sustainably sourced commodities is rising (Piselli et al., 2022).By educating the public on sustainable mining practices and the importance of ethical …
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Various instances of conflict between mining communities and mining companies, of which the Marikana Massacre of 2012 is certainly the most noteworthy, show that mining communities expect mining ...
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It has been estimated that more than two-thirds of the world's yearly mineral production is extracted by surface mining. Surface mining is the preference for mining companies because removing the terrain surface to access the mineral beneath is often more cost-effective than digging tunnels and shafts to access mineral resources underground.
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China's biggest copper smelters are set to meet in Beijing next week to discuss measures to counter a plunge in ore processing fees to the lowest level in years, including potential production cuts.
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Although some companies decided to continue mining the shallower outcrops, it became evident that the production and great turn-over resided with the deep-level mining projects. These deep-mining companies required a large sum of investment as they required shafts, machinery and explosives to access the gold in the rocks.
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This paper aims to explore the motivations and challenges of engaging host communities in CSR practices within the context of Newmont Ahafo Mines (NAM), a subsidiary of a Multinational Mining Enterprise (MNE) …
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The purpose of this paper is conceptual analysis and critique, informing development of a modern technologically-advanced small-scale mining (SSM) concept.
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Technological advances, including gen AI, could unleash the mining sector's productivity potential—if companies can deploy these innovations for lasting impact.As of this writing, few companies in any sector have done that successfully.Recent McKinsey research finds that across industries, only about 5 percent of companies attribute at least 10 percent of their …
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The South African mining industry is increasingly embracing cleaner production (CP), albeit at a slow pace. Environmental management accounting (EMA) is still poor, in spite of increased awareness of the concept of triple bottom-line accounting. This paper investigates how CP and EMA, by means of examples in the gold mining sector, can assist towards sustainable …
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Mining industries extract valuable minerals from the earth and provide the raw materials needed to produce various products used in daily life or for emerging technologies, playing a critical role in mitigating the impacts of climate change (IEA, 2021).In recent decades, given the mining industry's implications for global warming, progress in environmental …
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The use of sustainable mining practices in developing economies can be found in academic literature and industry reports. To support the use of sustainable practices identified in the study of Essah and Andrews (), secondary data from sustainability reports of four reputable mining firms in Africa were examined.In addition, an interview with a sustainability manager of …
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By reducing firms' potential profits from selling new drugs and medical devices, price regulation may reduce the incentive firms have to devote resources to the research and development necessary to develop these products.
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Energy transition in mining. The second trend that will continue in the mining sector in 2025 is the focus on energy transition. The mining industry plays a key role in the energy transition, with its need to produce critical raw materials that are essential for renewables and batteries. This, according to Campbell, has helped improve the ...
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By improving in these areas, mining companies can follow the example of emerging leaders in the industry and strive toward the levels of continuous improvement experienced in top-performing companies in other sectors. While many mining companies have unlocked significant value from technological improvements and application of Industry 4.0 ...
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The diffusion of Industry 4.0 technologies in the mining sector (Mining 4.0) can prevent a technological shock if they are implemented in all segments, including quarrying (Surface Mining 4.0).
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7.2 Production Functions, Inputs, and Short and Long Runs. LO: Explain the concept of production functions, the difference between fixed and variable inputs, and the difference between the economic short run and long run. The way inputs are combined to produce an output is called the firm's technology or production process.
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To illustrate these valuation concepts in action, let's examine First Mining Gold (TSX:FF), a company with two major gold projects in Canada. ... many industry participants discuss scenarios with gold prices in the $2,500 to $3,000 range over the next 12 to 18 months. This potential upside in gold prices is one of the key reasons why some ...
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Firms that Operate on the Production Concept of Marketing Management. Ford Motor Company – Ford Model T − In the early 20th century, the production cost of one Ford Model T car was around 800 dollars, but with the production concept of marketing management in place, the firm was able to bring down the cost to around 300 dollars per unit ...
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2.2 Increased Global Mining Innovation . As in any other sector, mining firms innovate in their products, production processes or organizational practices. As input for these innovation outputs, mining firms perform research and development (R&D) activities, acquire off-the-shelf technologies – typically embodied in equipment and machinery – or acquire disembodied …
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Mining is a complex, expensive, yet lucrative business. Today's open-pit mines are huge projects in Australia. To keep the projects profitable, planners and schedulers are under constant ...
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Although mining industries play a vital role in the global economy (Vintró et al., 2012; Zeballos and Garry, 2010), companies in these sectors have been criticized in recent years for the delay in implementing sustainable strategies (Govindan et al., 2014).A global study, carried out by professional services firm Deloitte, in 2014 explored the challenges and constraints affecting ...
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CONCEPT OF FIRM AND INDUSTRY. Module 3. Theory of production. Lesson 12 ... Firm is a unit of production that employs factors of production (or inputs) to produce goods & services under given state of technology. ... Mining, agriculture and fishing are best examples of extractive industries. c) Manufacturing Industries: ...
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Having seen significant improvements to accident rates in the last 40 years, companies in the Swedish mining industry now show a greater focus on the development of safety cultures throughout their organisations and workplaces. However, there is a lack of research examining the different safety initiatives and strategies practiced in the industry today. This …
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Discover five ways the mining industry can reduce environmental impact and make its practices more sustainable. 1. Lower-Impact Mining Techniques. Traditional mining techniques can have a severe impact on the environment, and some popular methods — like open pit and underground mining — present some of the most significant environmental risks.
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This system has influenced most of the governance of land and resource use which favours mining over other land uses (Bastida 2020). Bastida (2020) further observes that from this base, systems ...
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