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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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By embracing a balanced approach, the mining industry can continue to be a vital driver of economic prosperity, ensuring that the benefits of mining are shared equitably and sustainably among all stakeholders.
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Benefits of landfill mining . All of that aside, it's important to understand that, while still a relatively new process, landfill mining has clear benefits: Environmental: One of the key advantages of landfill mining is that it can be used to remove a number of hazardous materials from the landfills. As a result, it can help diminish ...
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A study published by the World Gold Council in 2012, 'The economic contribution of large-scale gold mining in Peru' [4], showed the benefits of a pro-active approach by mining companies to developing local suppliers.
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Evidence from the boom in large-scale gold mining in three countries in Africa suggests that mining communities experience on average positive, but limited welfare gains in the near term. The benefits that come from opening a mine (or mines) are mostly transmitted through the normal functioning of markets, primarily through labour and land.
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Inspired by these successes, mining companies can seize the opportunity to unlock the benefits of continuous improvement. This article explores how adopting a culture of operational excellence could be the key to continuous and lasting improvement in the mining industry, and the steps mining companies can take to achieve a world-class culture ...
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In the Swedish context, these employees pay regional and local income taxes which contribute to financing the welfare system. Mining companies are also required to pay a mineral fee to land owners and the state. Finally, other external benefits may arise, such as increased demand for services, consumption spending, improved infrastructure ...
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From his fieldwork interviews, Odell has learned that the development of mines within communities can offer benefits. Mining companies typically invest directly in …
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The downside of such benefit is that the company may be exposed to huge tax payable in year two and above, depending on the additional capital expenditures incurred in those years. ... Mining companies are permitted to retain and use foreign exchange derived from their mining activities. Section 26 of the NMMA provides that where the holder of ...
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Apart from providing livelihood opportunities, sustainable mining companies also help host communities become self-sustaining through the establishment of physical and social infrastructures which ...
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Overall, the evidence points to positive but modest welfare benefits for mining communities in the near term. The benefits mostly emanate through the market channel, as the size of fiscal inter-governmental transfers to local …
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Additionally, some mining edge communities in Serra Leone enjoy better economic conditions from the cooperate social responsibility (CSR) scheme of most mining companies. Alternately, mineral ...
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Mining companies committed to the SDGs will benefit from improved relationships with governments and communities, as well as better access to financial resources. Those that fail to engage meaningfully with the SDGs will put their operations at risk in the short and long term.
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Mining companies face a challenging competitive environment and must adapt and readapt strategies to respond positively to environmental and sustainable issues. They need to maintain a social license to operate and this is now directly linked to value perceived by stakeholders. ... Communicating effectively CSR activities benefits company ...
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As the energy transition progresses, the U.S. Congress and Biden administration have opportunities to fix extractive economies and make sure that mining communities benefit from new activity where ...
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Mining companies have the potential to become leading partners in achieving the SDGs. Through their direct operations, mining companies can generate profits, employment, and economic...
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Market research shows that mining companies have registered average cost savings of 1.76% in 2018 _ thus proving that cost optimization is a big benefit of mining automation. This is expected to rise to 16.02% in 2023. This excellent ROI is the outcome of implementing IoT technologies in mining over the years.
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Yes, there are significant economic benefits to adopting sustainable mining practices, including cost savings, reduced regulatory risk, enhanced reputation, and increased attractiveness to global investors, as well …
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From his fieldwork interviews, Odell has learned that the development of mines within communities can offer benefits. Mining companies typically invest directly in communities through employment, road …
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Mining companies can provide benefits to their host communities, including infrastructure, basic services, and communications networks. Mining stimulates associated …
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By 2014, though DT was mentioned in six out of ten of some of the largest (by market value) global mining companies' annual reports, Footnote 2 qualitative benefits from DT were reported only by three of them and only one presented actual quantitative gains . This confirms that, though DT has claimed a relevant position among mining companies ...
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Benefits of Sustainable Mining. Sustainable mining practices can provide several benefits, including: Environmental Protection: Sustainable mining practices help protect ecosystems and minimize environmental damage.
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