IMARC In summary - Mining in Transition
The International Mining and Resources Conference (IMARC) marked a significant moment for the mining industry this year, with Aderco playing a pivotal role in the discussions. The conference buzzed with a renewed sense of purpose as the industry, once idling in the face of environmental challenges, has now engaged gears towards decarbonization. Francisco Malta, from VM Industrials representing #Aderco in Australia, Gérald Baiwir, and Philippe Lecloux of Aderco were among those who witnessed this transformative shift.
A clear consensus emerged: the path to success is now paved with Environmental, Social, and Governance (ESG) objectives. Investment firms and financial services are not just favoring but prioritizing companies with a defined ESG strategy. This move signals a broader industry trend that recognizes the intrinsic value of sustainability in mining operations.
The conference also highlighted South America's significant presence, illustrating a continent eager for change and solutions to meet decarbonization targets. This regional focus is telling of a global urgency that is reshaping industry priorities.
A resonating message, "you can't manage what you can't measure," encapsulated the growing emphasis on digitization and precise data metrics. This approach to energy management and efficiency gained traction, confirming insights from industry leaders like Kevin Dagenais, the CEO of Cascadia Scientific Inc.
Yet, the journey ahead is not without its challenges. Energy providers find themselves in a bind, unable to commit to large-scale projects like hydrogen and HVO 100 fuels without the industry's long-term usage commitments. Such investments demand substantial capital, with payback periods that stretch far into the future.
Conversely, the industry is in search of immediate, cost-effective alternative fuels as a bridge to the eventual goal of electrification. The catch-22 is obvious: energy suppliers need assurance, and the industry seeks flexibility. It's a delicate balance, requiring a collective commitment from the mining sector to enable energy providers to take calculated risks without gambling on their investments.
IMARC laid bare the complexities of an industry at a crossroads. As Aderco and its peers navigate this landscape, the conference has been a testament to the industry's readiness to embrace a future where environmental sustainability is not just an aspiration but a defined and actionable goal.
Find out more about how Aderco can help your mining company bridge the gap into alternative fuels.