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Natural capital accounting: understanding mining's impact on nature

The company also prepared the first ever case study of NCA in mining at BHP's closed and rehabilitated Beenup Mineral Sands site in southern WA. "Mining is a very interesting sector because it depletes non–renewable resources, for which we traditionally place a high value on, much higher than we do for nature.

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Maintenance asset data challenges in mining

Three Maintenance Impacts of Asset Data Challenges in Mining. Mining operations are complex, often requiring expensive purpose-built machinery. Maintenance of mining equipment therefore is critical to helping protect capital investments and supporting operational uptime. A critical asset failure can cause operational disruption, which can ...

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Understanding the impacts of mining on ecosystem services …

Understanding the effects of mining on ES requires identifying and conceptualising the full ES chain including four key components – supply, demand, flow and benefits (Figure 1) (Mandle et al., 2020; Villareal-Rosas et al., 2020).Extracting mineral resources results in removal or modification of areas of natural ecosystems (Castello and Macedo, 2016), affecting their …

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A Framework for Federal Mining Reform: Impact …

A Framework for Federal Mining Reform: Impact Planning, Benefits Sharing, and Asset-Based Revenue Management. Building a new clean energy economy will require mining for minerals used in renewable ...

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The future of coal investment, trade, and stranded assets

Table 1 estimates the impact of stranded assets on job losses worldwide, ... There is a substantial difference in the extent to which mining countries suffer stranded assets under each scenario, as shown in Figure 10. Under BAU, only developed countries face stranded assets as their domestic demand falls. Under the SDS, developed countries are ...

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(PDF) The Impacts of Mining Industry

Literature on both assets impact ed by mining as well as the impact of local people from the loss of livelihood are scare. Another issue relates to compensation is t hat funds received are ...

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The Impact Of AI On Iris Energy's Bitcoin Mining Success

The Impact Of AI On Iris Energy's Bitcoin Mining Success. Apr. 22, 2024 6:18 AM ET IREN ... The "net asset value" of a mining asset is its discounted future cash flows less its debt and cash on ...

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The impacts of artisanal and small-scale gold mining on rural

A livelihood comprises the capabilities, material and social assets, and activities required to make a living (Chambers Conway, 1992).A livelihood is deemed sustainable when "it can cope with and recover from stresses and shocks and maintain or enhance its capabilities and assets both now and in the future, while not undermining the natural resource base" (Scoones, …

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The economic and social impact of mining-resources exploitation …

To take out the impact of mining revenues, Fig. 4 shows the ratios of global domestic revenue/GDP, with the exclusion of a) total payments by mining companies (blue dashed line) and b) specific mining taxes (blue dotted line). It is noted that these two lines referring to non-mining revenues rose from 2009 too (annual average of 3.4% and 3.7% ...

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Foundation of a framework for evaluating the impact of mining

The mining industry is faced with many challenges which threaten its continued viability. Firstly, the depletion of high-grade mineral deposits, at the backdrop of global mineral demand for industrial growth and socio-economic welfare (Brundrett, 2014; Mitra, 2019; Ren et al., 2019), is a problem.For industry sustainability, methods to increase productivity must be found …

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The impact of mining projects on livelihoods in the

Livelihood assets are used as an outcome to evaluate the impact of mining operations, which is important in assessing the sustainable livelihoods of s (Lin and …

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(PDF) A critical review of the impact of South Africa's mine …

A critical review of the impact of South Africa's mine closure policy and the winding-up process of mining companies October 2021 The Journal for Transdisciplinary Research in Southern Africa 17(1)

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Revolutionizing Resources: The Drive for Sustainable Mining …

Mining firms are now turning to waste recycling equipment and low-impact mining techniques, such as in-situ mining, to minimize their environmental footprint. These methods are not only environmentally sound but also serve to minimize waste production and reduce negative impacts on surface water systems. The integration of renewable energy into ...

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Impacts of mining projects in Papua New Guinea on livelihoods …

In Papua New Guinea (PNG), mining has been surrounded by controversy related to its environmental and social impacts for several decades. In this context, the research reported herein is an investigation of the way in which mining has impacted on poverty in two large mining regions at Ok Tedi and Porgera. We surveyed 609 s, of which 309 were in …

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The Environmental Impact of Illegal Mining in Latin America

Illegal gold mining, one of the major problems facing all Amazon countries, leads to water pollution and deforestation. Among Amazon Basin countries, Venezuela is the one experiencing the fastest-growing rate of deforestation, primarily owing to illegal mining carried out by guerrilla groups and mining gangs known as sindicatos.Similarly, NSAGs play a significant …

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How to Advance Sustainable Mining | International …

To truly shift to "sustainable mining," governments and companies must recognize the social impacts of mining, and enact laws and regulations that require community consultation throughout the life of a mine. ... The COVID-19 …

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Disused mines: An important ESG chapter for the mining industry

Mine closure and remediation is an important ESG consideration for all mining organisations. Here we consider how continued innovation, together with good planning, can …

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Exploring the impacts of mining on local hospitality businesses

The impacts of mining on local hospitality businesses present both challenges and opportunities. By recognising these effects and implementing strategic adaptations, facility owners and maintenance managers can capitalize on the economic benefits of increased guest numbers while mitigating potential downsides.

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(PDF) Study of the Impact of ESG Performance on The Financial

We select the listed companies in China's mining industry in 2018-2022 as the research sample, and empirically examine the impact of ESG performance on the financial performance of listed mining ...

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Managing mining risk in a rapidly transforming world

The Impact of Inflation: Inflationary pressures have seen equipment, labour and energy costs soar, while supply chain challenges within the industry have also contributed to …

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What Considerations Should Be Made for Impairment …

Under both US GAAP (ASC) and IFRS, annual tests are required for certain assets. For mining, ASC 932-360-35 guides sector-specific issues. When an impairment loss is identified, it directly reduces the carrying amount …

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What is asset management in mining industry practices?

The Role of Technology in Asset Management. The impact of digital transformation in mining is undeniable. The introduction of advanced technologies is revolutionising the way we manage our assets, paving the way for more streamlined, efficient, and effective asset management practices. ... Future Trends in Mining Asset Management. As we look ...

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Top 9 Effects of Mining on the Environment

Mining has the potential to ruin ecosystems and habitats in wilderness areas, as well as productive pastures and croplands in farming areas. 2. Sinkholes . Of other effects of mining on the environment, sinkholes are one of the most unpredictable effects of mining on the environment and this is because they can happen at any time.

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$15 TRILLION-BACKED MULTI-STAKEHOLDER COMMISSION …

Reduce mining as a driver of conflict through improved identification and management of risks linked to mining-related impacts and revenues. Drive safe and …

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Artisanal small-scale mining and livelihood assets in rural …

Participating in artisanal small-scale mining exerts statistically significant positive impact on financial assets of respondents in mining communities. ... However, its adverse effects on the natural, physical, human and social livelihood assets in the mining communities are equally huge. The study recommends that effective policies on proper ...

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Mining the environment – is climate risk priced into crypto-assets?

The price impact on the crypto-assets targeted by policy action is likely to be commensurate with the severity of the policy action and whether it is a global or regional measure. ... combined electricity consumption is estimated to account for approximately 80% of the total energy demand of crypto-asset mining. See Gallersdörfer et al. (2020).

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How Should Mining Companies Handle the Accounting for …

The recognizable assets and liabilities associated with obtaining the lease. The impact on the balance sheet and performance indicators due to the lease agreements. In summary, understanding and accurately documenting mineral rights and leases are crucial for proper governance and financial transparency in the mining industry.

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A Framework for Federal Mining Reform: Impact Planning, …

Following the Montana example, federal mining policy should ensure that large-scale mining operations will not burden local taxpayers, result in unmitigated impacts to local services and infrastructure, or weaken the capacity of local institutions. To be successful, early impact planning and mitigation should include…

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Exploring the Impacts of Mining on Tourism Growth and Local

Mining licenses in post-apartheid South Africa are being granted by the ruling government in sensitive areas that are important tourism hubs and employment generators. Limited research has been conducted to understand mining impacts on protected environments and tourism sites.

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Recent Cryptocurrency Developments: Energy and …

their potential beneficial impact on GHG emissions. The energy intensity of cryptomining rises and falls with profitability. In 2022, the prices of various cryptocurrencies dropped substantially, which impacted mining profitability and, subsequently, total energy consumption. The exact impact is difficult to measure because of the lack of public

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