Environmental, social, and governance (ESG) challenges have the potential to significantly impact the global supply of metals.
The effects environmental, social and governance (ESG) risks will have on the global supply of metals without major innovations in the mining industry have been highlighted by University of Queensland researchers.
Researchers from UQ’s Sustainable Minerals Institute (SMI) designed a matrix to assess the ESG context of more than 600 individual copper, iron and bauxite orebodies and then analysed how it may affect global supply.
SMI’s Dr Eléonore Lèbre, said the findings demonstrate that ESG challenges have the potential to significantly impact the global supply of metals.
“The majority of the 296 copper orebodies, 324 iron orebodies and 50 bauxite orebodies we examined are in complex ESG contexts which could either prevent, delay or disrupt mining operations,” Dr Lèbre said.
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