Click edit button to change this text. Underwritten / Supported Produced with financial support from an organization or individual, yet not approved by the underwriter before or after publication. EU Green Week 2023 | European Circular Economy Stakeholder Platform CMIC has created a platform for innovation that makes it easier accelerate the pace of innovation and move us towards solutions that we can commercialize across the sector. This linearity is not a challenge for mining companies alone. News Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources. EURACTIV is part of the Trust Project >>>, Critical raw materials: Navigating the complexities, won a first case against China over raw materials, Von der Leyen wants 'de-risking' not 'de-coupling' in new China doctrine, suspended the Chinese owner of one of the worlds largest copper and cobalt mines there, EU unveils Critical Raw Materials Act, aiming to lessen dependence on China, The elephant in the room: How to restore Europes nature, EU pushes alternative model to China in global race for raw materials. Reading listI dont usually finish articles with a reading list (we save that for the newsletter!) The joint venture will see the construction of a twoton per hour pilot plant to treat the 15 million pounds of poisonous mercury that have been produced over the course of the Comstock Lodes mining life, and a successful operation could demonstrate a way forward for a mining industry that still struggles with mercury production. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. There is a clear distinction between designing from waste and designing out waste if you manage inputs, you manage outputs. A strategy focused on reducing the negative impacts of our activities or making them more efficient can only go so far. The projectwasa four-year, $8.7m initiative to find waysto improve recovery of a number of waste minerals, such as cobalt, nickel and zinc, and improve Europes self-sufficiency with regard to metal production. Lorem ipsum dolor sit amet, consectetur adipiscing elit. In this chapter we analyze the application of Industry 4.0 concepts to advance the adoption of the circular economy in the mining industry. What else can we facilitate, even during operations, to bring broader benefits to the region extending beyond the mine life?. How can minersdetermine the best mix of water-energy usage for their unique constraints? By working together to create value-added innovation, we can leverage the resources of members to reduce the financial and technical risks of deploying new technology at sites. And if they would actually evaluate the value of those materials the same way they do for all the other infrastructure that they operate, they may treat them very differently, and it could shift the business model by doing that. There is also a financial incentive to reuse finite metal resources given the value and complexity required to produce them. Mining and the Circular Economy | ReThink Mining We round up some of the innovative projects approaches to tackling mining waste, and helping to push mining towards becoming a truly circular economy. Extractive Industries | Columbia Center on Sustainable Investment Coreo is a globally recognised and award-winning company that advises and guides industry and government through their circular economy aspirations at both a strategic and operational level. ReThink Mining - Global Mining Innovation Powered by CMIC. The circular economy is more than just a buzz phrase. Globally, we have been practicing a linear economy for more than two centuries. The circular economy is inextricably linked to environmental sustainability and achieving the goals of the Paris Climate Agreement. CMIC's goal to transform mining to a zero-waste industry epitomizes the circular economy. Whether from civil infrastructure to transport, technology to agriculture, medical to science, the products of mining support many sectors globally. This article is part of our special report Critical raw materials: Navigating the complexities. The public will need to accept greater mining activity if the world is to meet the challenge of going green. Were all about driving the industry to zero waste, which is foundational to circularity. Toward a Circular Economy in the Copper Mining Industry CEDR Research Call 2022(2) Data is open for bids! By Max Lulavy, Perrine Toledano, and Martin Dietrich Brauch. Our future depends on reusing what we have in a sustainable way. Move to net zero 'inevitably means more mining' - BBC News Environmental and social governance (ESG) done right could also drive other benefits such as the creation of local supply chains and the restoration of biodiversity. The project will see the miner enter into a PGM recovery business that it values at around $30bn annually, and the move is a critical step in demonstrating the efficacy of the technology, which builds on the work of another partner, EnviroLeach. Deloitte Global Communications Im a UK-based technical writer and consultant and have been covering the mining industry for over a decade, Pingback: Metals & Minerals - Circular Economy Leadership Canada, Pingback: How to address human rights in complex clean energy supply chains Good Human Club, Pingback: How to address human rights in complex clean energy supply chains Javier Troconis, The Role of Critical Minerals in Clean Energy Transitions, Circular economy for mining operations: key concepts, drivers and opportunities, Mining and metals and the circular economy, Mining for circularity: five strategic insights, Circular Economy Solutions Series: Mining & Metals, The role of critical minerals in clean energy transitions, Metals & Minerals - Circular Economy Leadership Canada, How to address human rights in complex clean energy supply chains Good Human Club, How to address human rights in complex clean energy supply chains Javier Troconis. One strategy that is being looked at is the "circular economy" - a concept that looks to eliminate waste and pollution by generating value from normally wasteful processes. Herrington is an economic geologist and has advised the UK government in developing its net-zero strategy. Mining, metals and minerals | European Circular Economy Stakeholder Some of these waste streams contain significant mineral, metal, or material value. A circular economy keeps materials, products, and services in circulation for as long possible. Thats all good and important, but theres a powerful sense that this is more of a transformation piece. One strategy that is being looked at is the circular economy a concept that looks to eliminate waste and pollution by generating value from normally wasteful processes. Stock optimisation extending the value of materials; Eco-effectiveness going beyond eco-efficiency; Eliminating the concept of waste by extending resource value; Circular product and process design; and. Your email address will not be published. (updated: Many environmentalists will argue that recycling is the answer to future metals shortages. Recycling alone won't be enough to sustain the amount of materials needed We need to increase sharing, reuse and a preference for longevity to reduce demand. EU Green Week is the annual opportunity to debate, become familiar with, or even celebrate EU environment policy. A review of circular economy strategies for mine tailings If we have selected the wrong experience for you, please change it above. DTTL does not provide services to clients. The circular economy could unlock $4.5 trillion of economic growth and create 6 million new jobs through activities like recycling, repair and remanufacturing. All of the minerals are potential assets, Chovan said. After the Western Australian government announced in June that it would start 'decarbonising' the state, the mining industry and science research teams began preparing for some groundbreaking collaborations. We believe that 70-90 per cent of the technology required exists but has not been adopted by the mining industry due to the need for re-tooling and capital constraints. Coreo has worked with Rio Tinto, BHP and Anglo American on their circular economy aspirations and most recently co-organised the World Circular Economy Forum event Mining for Circularity with the Candanian Government and the Circular Economy Leadership Coalition. The EU won a first case against China over raw materials at the World Trade Organisation (WTO) in 2012 and launched a second case the same year - alongside the United States and Japan - in . For Outokumpu, circular economy is at the heart of its sustainability approach. Mining industry is aware of circular economy thinking. 1st European B+ Summit: decarbonising HDVs with higher biodiesel blends, CPK: Revolutionising transport connectivity in CEE. Grant was awarded in February 2021 as part of the 2021/22 Grants for Catalyzing Research Clusters competition. Both the current mine lifecycle and the way in which mining businesses are structured are quite segmented which makes this ambition hard to achieve. However, to create feedback loops and ensure the continual flow of value in metals production requires a significant shift in mindset. (PDF) Circular Economy in Mineral Processing CEO Guide to the Circular Economy, keep products and materials at their highest value for as long as possible. We need to look at ourselves as borrowers of the land. The market in mining is small, and our industry typically represents a small portion of our vendors business. Aluminium: the overlooked component of the Critical Raw Materials Act? 31-05-2023 Our approach to circularity is unique because we see it as a result rather than an aspiration. 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The EU won a first case against China over raw materials at the World Trade Organisation (WTO) in 2012 and launched a second case the same year alongside the United States and Japan in reaction to Beijings export restrictions of rare earth metals. Herrington explained that to meet future projections for both critical metals and bulk commodities demand which is, in certain cases, phenomenal graphite, lithium and cobalt, could increase by nearly 500% by 2050 according to the World Bank requires an integrated approach. The concept of circular economy is founded upon interconnectedness. Mining is an industry that has, for some time, been reliant on linear pathways for products and services. Completing the picture: How the circular economy tackles climate change, World Bank Group report, "Minerals for Climate Action: "The Mineral Intensity of the Clean Energy Transition, World Business Council for Sustainable Development, 2017. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (DTTL), its global network of member firms, and their related entities (collectively, the Deloitte organization). However, to create feedback loops and ensure the continual flow of value in metals production requires a significant shift in mindset. For circular economy to truly succeed in mining, it will take support from the government through investment in innovation and well-defined strategies, but it will also take a shift in the mindset of how mining companies look at their assets. Mining Weekly - Glencore advances further on circular economy journey This then leads to the creation of roadmaps, alignment of various players and ultimately collaborative projects that move towards this ultimate goal. The initiative will use ion exchange technology, a process usually usedin the purification of drinking water,where ions are moved between two electrolytes to separate a compound into its component parts. Learn how Deloittes approximately 415,000 people worldwide make an impact that matters atwww.deloitte.com. Mining represents the initial investment that makes valuable, durable and recyclable materials available to society such that human wellbeing can be improved overall. Mining digs into the circular economy | News at Curtin At Curtin, Professor Michael Hitch is leading the first step of the process: the drafting of . Its time for the mining and metals industry to tell the story of how the sector can provide for and enhance the prospects of the population and the planetincluding the critical role it will play in the energy transition., Meeting the growing demand for the metals and minerals that underpin economic progress is the story the mining and metals industry should tell. Circularity doesnt replace sustainable development; the two go hand in hand. Learn more about how we are rethinking mining. Extracting embedded value from mining wastes to make the most out of stored geological resources, extending materials life and industrial symbiosis i.e. The European Commission is currently working on a new strategic partnership with Chile for raw materials such as copper and lithium, which both appear on the EU's list of critical raw materials. Towards circular economy in mining: Opportunities and bottlenecks for Towards a Circular Economy Approach to Mining Operations: Key Concepts, Drivers and Opportunities, is available to read online. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); info@cmic-ccim.org+1 613-627-0771@ReThinkMining, Mailing Address101 320 Bay StreetToronto, ON M5H 4A6. The transition from the linear to the circular economy is systemic and requires systemic thinking and action. What Does a Circular Economy Look Like With Multiple Circles? The circular economy and mining - myths and opportunities - AusIMM I am text block. This work analyzes the current efforts toward the application of CE in mineral processing. We need to end the linear model of mining, using and discarding resources.
circular economy in mining