The Brief

“Combining our advanced private network solutions with HERE services will give mining firms a head start on their digitalisation journey”

Thomas Norén

Head of Dedicated Network and Vice-President, Ericsson 

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“Companies are increasingly incorporating the Internet of Things into their plants. This and other equipment, including the use of digital twins, can actually make them more vulnerable to a wide variety of cyberattacks”

Sebastian Reiter

Partner McKinsey & Co. 

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“There are two parallel interconnecting goals – one is carbon neutral, the other is nature positive. A company developing a plan to address its footprint really needs to consider both”

Marco Lambertini

Director General, World Wildlife Fund International 

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BY THE NUMBERS

Can F1 technology reduce mining’s emissions?

Fortescue Metals Group (FMG) has bought UK-based Williams Advanced Engineering (WAE) for £164mn. WAE will bring its race-bred critical battery technology to the table, which will enable Fortescue, one of the largest iron ore producers and a heavy carbon emitter, to realise its industry leading 2030 net-zero target. The heavy industrial sector accounts for more than 20% of global carbon emissions.

Raw materials will be central to decarbonisation efforts

Raw materials will be at the centre of decarbonisation efforts and electrification of economies and the mining sector will need to grow at an unprecedented pace in order to enable the required technological shifts, according to a new McKinsey report.

Wärtsilä decarbonising Suriname gold mine

Technology group Wärtsilä will supply a 7.8MWh energy storage system to ‘a leading gold mining company’ to help achieve its climate targets and decarbonisation goals at a mine in Suriname.

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Bullying and sexism ‘systemic’ at Rio Tinto worksites

Background An eight-month study of Rio Tinto’s worksites, involving 10,303 workers covering online, audio and written submissions, found almost half of workers experienced bullying.

Who carried out the research? The report, from former Australian Sex Discrimination Commissioner Elizabeth Broderick, also identified disturbing findings of harassment, racism and other discrimination.

What was the reaction? Chief Executive Jakob Stausholm said it was “deeply disturbing” and felt “shame and enormous regret” to have learned the extent to which bullying, sexual harassment and racism are occurring.

How will it change the culture? Rio Tinto said it will implement all the report’s 26 recommendations and focus on three key areas – building a respectful and inclusive working environment; ensuring camps and facilities are safe and inclusive; and make it easier for people to call out unacceptable behaviours.

What happens next? In an era of heightened DEI and ESG awareness, it’s a PR nightmare and observers inside and outside the company will be watching closely to see evidence of change.  O3 MINING O3 Mining will progress its 2022 drilling program with 73,000 metres planned at its Alpha and Marban projects.

 LUMINEX

RESOURCES

Luminex Resources Corp. has increased its ownership interest on certain concessions within its Condor project from 90% to 98.7%.

 MC MINING Coal developer MC Mining is seeking a payment extension for the Makhado Project from Industrial Development Corporation of South Africa (IDC).

 DRC Mining companies targeting lithium in the Democratic Republic of Congo are warned of ESG, transparency and accountability risks, according to a Global Witness report.