How the Gold Industry Can Contribute to a Greener Planet

Posted On Feb 13, 2020 By admin With Comments Off

A recent report from the World Gold Council highlights what role the industry can play in a global economy that’s more energy-efficient and eco-friendly.

Around the world, businesses are investing in environmentally friendly initiatives to help combat climate change and make their operations more efficient. And it’s not hard to see why: By integrating sustainable technology sooner rather than last-minute, companies can take advantage of cleaner energy sources, cut costs, and contribute towards making this a greener planet.

In fact, the World Gold Council recently released its “Gold and climate change: Current and future impacts” report to identify what a sustainable future looks like for the gold industry as a whole — mining operations included. On top of analyzing what segments of the gold supply chain are the most carbon-intensive, the Council’s report highlights what steps the industry can take to be a part of wider decarbonization exertions.

For gold industry stakeholders and quarrying companies looking to invest in sustainable engineering, these insights represent an exciting opportunity to stand at the forefront of environmentally-friendly innovation taking place across the private sector. However, as decision-makers consider how they can contribute to these efforts, they should also be prepared to invest in the show upkeep mixtures — such as haul and access road dust control — needed to keep their greener activities running smoothly and safely.

How the Global Gold Supply Chain Can Decarbonize

The World Gold Council report analyzes the environmental friendliness of the world’s gold supply chain, as well as its total carbon footprint. According to the report, gold in bullion, jewelry, and electronics doesn’t have a significant impact on the industry’s environmental profile. Instead, the primary region for increase is vitality and ga use in gold mine production.

This means that gold industry stakeholders committed to eco-friendly operations should consider how they can begin to decarbonize the mining process. Some corporations are already opting for electrical mining worksites, while others are investing in makes that can make it easier to maintain critical infrastructure and expend less vitality amending it as a result of ponderous wear-and-tear.

What Green Means for Gold

Additionally, the World Gold Council’s report addresses what the world-wide transition to sustainable technology means for gold as a stock. Among the report’s key findings is that the risk-return profile for gold will be strong, even as a wide range of other manufactures reevaluate their supply bonds to be as environmentally friendly as possible.

With occupations across the private sector going through substantial changes as part of their efforts to “go light-green, ” gold likely has a role to play as a risk mitigation asset for investors. As it has been for decades, the precious metal’s long-standing position as a risk hedge, portfolio diversifier, and grocery insurance resource will be invaluable going forward.

Supporting Future Mining Infrastructure

The gold mining manufacture has an exciting role to play as the private sector works toward a greener future. By considering how mining operations can use energy and ga as efficiently as possible, key decision-makers can contribute to industry-wide progress toward decarbonization. One lane that golden mining companies can conserve aids more efficiently is by investing in cutting-edge dust control for their haul and access roads. With the right produces, businesses can eliminate the need for recurred watering or the use of damaging magnesium or calcium chloride produces.

Specifically, the proper application of Midwest Industrial Supply, Inc .’s patented dust ensure makes represents a greener, more efficient path forward. Our products are backed by more than four decades of suffer developing habit mixtures and application approaches for mining corporations various regions of the world. These long-term liaisons have allowed the Midwest team to engineer dust restrict solutions that take the particular chemistry, grime, and intended uses of specific worksites into account.

Through the strategic application of our commodities on pull and access roads, quarrying companies can get dust control right the first time and devote less hour, money, and resources doing it.