Benefits Of Mining Companies

IoT in Mining: Exploring Use Cases and Opportunities for

Market research shows that mining companies have registered average cost savings of 1.76% in 2018 _ thus proving that cost optimization is a big benefit of mining automation. This is expected to rise to 16.02% in 2023. This excellent ROI is the outcome of implementing IoT technologies in mining over the years.

How can mining contribute to the Sustainable …

Mining companies have the potential to become leading partners in achieving the SDGs. Through their direct operations, mining companies can generate profits, employment, and economic...

Nigeria: Tax Incentives for Investment in Mining and Metals …

The downside of such benefit is that the company may be exposed to huge tax payable in year two and above, depending on the additional capital expenditures incurred in those years. ... Mining companies are permitted to retain and use foreign exchange derived from their mining activities. Section 26 of the NMMA provides that where the holder of ...

Landfill mining may still be new, but it has a lot to offer

Benefits of landfill mining . All of that aside, it's important to understand that, while still a relatively new process, landfill mining has clear benefits: Environmental: One of the key advantages of landfill mining is that it can be used to remove a number of hazardous materials from the landfills. As a result, it can help diminish ...

Revolutionizing Resources: The Drive for …

Yes, there are significant economic benefits to adopting sustainable mining practices, including cost savings, reduced regulatory risk, enhanced reputation, and increased attractiveness to global investors, as well …

(PDF) The Untold Benefits of Mineral Mining in

Additionally, some mining edge communities in Serra Leone enjoy better economic conditions from the cooperate social responsibility (CSR) scheme of most mining companies. Alternately, mineral ...

Understanding Who Benefits from Gold Mining

A study published by the World Gold Council in 2012, 'The economic contribution of large-scale gold mining in Peru' [4], showed the benefits of a pro-active approach by mining companies to developing local suppliers.

A Framework for Federal Mining Reform: Impact Planning, Benefits …

As the energy transition progresses, the U.S. Congress and Biden administration have opportunities to fix extractive economies and make sure that mining communities benefit from new activity where ...

Local communities can reap better benefits from …

Overall, the evidence points to positive but modest welfare benefits for mining communities in the near term. The benefits mostly emanate through the market channel, as the size of fiscal inter-governmental transfers to local …

Mining management: The path to operational excellence

Several industries, including manufacturing and business services, have experienced a steady improvement in productivity and efficiency over the last 25 years. This pace of improvement is, however, not seen in the mining industry, where productivity has largely remained steady (Exhibit 1). While the ten largest …

How to Advance Sustainable Mining | International Institute …

Mining companies can provide benefits to their host communities, including infrastructure, basic services, and communications networks. Mining stimulates associated …

Who benefits from the mine? — MineFacts

In the Swedish context, these employees pay regional and local income taxes which contribute to financing the welfare system. Mining companies are also required to pay a mineral fee to land owners and the state. Finally, other external benefits may arise, such as increased demand for services, consumption spending, improved infrastructure ...

Local communities can reap better benefits from mining if …

Evidence from the boom in large-scale gold mining in three countries in Africa suggests that mining communities experience on average positive, but limited welfare gains in the near term. The benefits that come from opening a mine (or mines) are mostly transmitted through the normal functioning of markets, primarily through labour and land.

Shared responsibility, shared benefits: Why …

Apart from providing livelihood opportunities, sustainable mining companies also help host communities become self-sustaining through the establishment of physical and social infrastructures which ...

Understanding the impacts of mining on local …

From his fieldwork interviews, Odell has learned that the development of mines within communities can offer benefits. Mining companies typically invest directly in communities through employment, road …

Understanding the impacts of mining on local environments …

From his fieldwork interviews, Odell has learned that the development of mines within communities can offer benefits. Mining companies typically invest directly in …

Mining management: The path to operational excellence

Inspired by these successes, mining companies can seize the opportunity to unlock the benefits of continuous improvement. This article explores how adopting a culture of operational excellence could be the key to continuous and lasting improvement in the mining industry, and the steps mining companies can take to achieve a world-class culture ...

Beyond Extraction: The Power of Sustainable Mining

Benefits of Sustainable Mining. Sustainable mining practices can provide several benefits, including: Environmental Protection: Sustainable mining practices help protect ecosystems and minimize environmental damage.

Impact of Corporate Social Responsibility in mining industries

Mining companies face a challenging competitive environment and must adapt and readapt strategies to respond positively to environmental and sustainable issues. They need to maintain a social license to operate and this is now directly linked to value perceived by stakeholders. ... Communicating effectively CSR activities benefits company ...

The Positive Effects of Mining on the Economy | Brimco

By embracing a balanced approach, the mining industry can continue to be a vital driver of economic prosperity, ensuring that the benefits of mining are shared equitably and sustainably among all stakeholders.

Mining and the Sustainable Development Goals

Mining companies committed to the SDGs will benefit from improved relationships with governments and communities, as well as better access to financial resources. Those that fail to engage meaningfully with the SDGs will put their operations at risk in the short and long term.

Innovation in the Mining Industry: Technological Trends and …

By 2014, though DT was mentioned in six out of ten of some of the largest (by market value) global mining companies' annual reports, Footnote 2 qualitative benefits from DT were reported only by three of them and only one presented actual quantitative gains . This confirms that, though DT has claimed a relevant position among mining companies ...