Video: How innovation and accountability could help green gold portfolios
Mining executives argued for a sharper industry focus on economic solvency, environmental accountability and public perception at a London event this month.
The Northern Miner’s International Metals Symposium on Dec. 1-2 tackled urgent issues in the gold industry. It examined, frankly, what works and what doesn’t in sustainability and innovation.
Mining personality Rob McEwen stressed the industry’s need to move beyond its tarnished image. “We have to show the public we’re not the miners of old,” he told a panel considering how gold can green investment portfolios. “Modern reclamation, renewable energy and better water management can change how people see us,” he said.
Sector speculator Rick Rule called for mandatory environmental bonding. It would ensure companies have the funds. “It’s about trust, accountability and proving we can manage risk,” he said on Dec. 1.
Gonzalo Waldman, a partner at Synergy Capital, noted progress in leaching tech and renewable energy. But, he criticized the industry’s slow adoption of new solutions. “Innovation is available, but it’s not implemented fast enough,” he warned.
John Forwood, CIO at Lowell Resources Fund, noted Australia’s rising carbon footprint in mining. It is due to higher strip ratios and transport demands. He urged companies to pair gold projects with critical metals like antimony to secure permits more easily.
The panel urged early engagement with communities. It also called for teaching future generations about mining’s vital role. Finally, it recommended using robotics and AI to boost efficiency.
Watch below the full discussion with TNM’s podcast host, Adrian Pocobelli: