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Green mining is defined as technologies, best practices and mine processes that are implemented as a means to reduce the environmental impacts associated with the extraction and processing of metals and minerals. Examples include the reduction of greenhouse gases, selective mining approaches to reduce the ecological footprint, and reduction in chemical use. Green mining technologies and practices offer superior performance with respect to energy efficiency, greenhouse gas emissions and the use of chemicals.
The global green mining market is developing at a significant rate. Green mining allows the recovery of all useful minerals and minimizes mining waste. Green mining aims to ensure the availability of mineral resources for future generations, which requires long-term investment in exploration supported by geoscientific mapping, mineral systems research and the development of exploration techniques. An important goal of green mining is to minimise adverse environmental and social impacts in all stages of the operations, and to maximize local benefits. Green mining helps to organize the operations in such a way that they are safe and meaningful to employees, and harmless for local residents and the environment. After mine closure, green mining helps to restore the mining areas to make them safe and preferably to allow other types of land use. The broad-based participation of local residents and other stakeholders is crucial throughout the mining life cycle, from early exploration to mine closure.
The global green mining industry is analyzed based on type, technology and geography. Various types of green mining are segmented into surface and underground mining. Furthermore, numerous technologies of green mining are power reduction (comminution efficiency and hydrometallurgical processes), fuel and maintenance reduction (equipment route optimization, fuel additives, natural gas conversion and training simulators), toxicity reduction (bioleaching and bioremediation), emission reduction (carbon sequestration, dust management and interior bleaching) and water reduction (AMD/ARD remediation, desalination, tailings remediation and wastewater processing).
By geography, the global green mining market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. In 2019, the European region has emerged as the largest consumer and promoter of green mining practices, due to the growth of sustainable practices in countries such as Germany, Russia and Poland. Asia Pacific’s mining sector is a mixed bag comprising fairly developed markets like China, Australia, and India which hold a leading position in the global mining industry as well as developing ones like Indonesia and Malaysia which have large untapped reserves where growth has been tepid owing to lack of infrastructure and regulatory constraints.
The key competitors of this market include BHP Billiton (Australia), Vale S.A (Brazil), Tata Steel (India), Anglo American (UK), Doosan Infracore (South Korea), Liebherr (Switzerland), Sany Group (China), Saudi Arabian Mining Corporation (Saudi Arabia), Shandong Gold Mining Co. Ltd. (China), Glencore (Switzerland), Rio Tinto (UK), Jiangxi Copper Corporation (China), Dundee Precious Metals (Canada). In October 2019, BHP announced four new renewable power agreements, to meet power demand for its Escondida and Spence copper operations in Chile. The new contracts will meet Escondida and Spence’s current energy needs and also contain flexibility to help manage future demand as well. Also, in October 2019, Anglo American announced its agreement with ENGIE, a leading global energy and energy services company, to develop and fuel the world’s largest hydrogen-powered mine haul truck. This collaboration with ENGIE, in which ENGIE is providing the hydrogen generation solutions and Anglo American is developing the truck, marks the first time a truck of this size and load capacity has been converted to run on hydrogen.
The global green mining industry is analyzed based on type, technology and geography. Various types of green mining are segmented into surface and underground mining. Furthermore, numerous technologies of green mining are power reduction (comminution efficiency and hydrometallurgical processes), fuel and maintenance reduction (equipment route optimization, fuel additives, natural gas conversion and training simulators), toxicity reduction (bioleaching and bioremediation), emission reduction (carbon sequestration, dust management and interior bleaching) and water reduction (AMD/ARD remediation, desalination, tailings remediation and wastewater processing).
By geography, the global green mining market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. In 2018, the European region has emerged as the largest consumer and promoter of green mining practices, due to the growth of sustainable practices in countries such as Germany, Russia and Poland.
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