Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

NSW unveils minerals processing roadmap; new era for sustainable copper mining

Published 26/07/2023, 12:55 pm
© Reuters.  NSW unveils minerals processing roadmap; new era for sustainable copper mining
HG
-

In an ambitious move towards sustainable copper mining, the New South Wales Minister for Finance and Natural Resources Courtney Houssos has unveiled a new minerals processing roadmap for the state.

The roadmap brings together several key industry stakeholders including the resources sector, the NSW Government, universities, the mining technology industry and the International Copper Association Australia (ICAA).

Notably, the minerals processing roadmap charts a comprehensive course toward achieving net-zero emissions in the copper mining sector.

What's more, the roadmap comes hot on the heels of the Federal Government's Critical Minerals Strategy, announced in June this year, further underscoring the commitment to sustainable mining practices.

“Vital resource”

"Copper is a vital resource for a greener, smarter world. However, it's crucial for the mining industry to embrace innovation to reduce its carbon emissions," remarked ICAA CEO John Fennell.

Recognising the challenging task ahead, the roadmap focuses on fostering widespread collaboration, promoting knowledge sharing and employing a systems thinking approach.

Fennell said: "The journey to decarbonisation will vary for each copper producer and operation.

“Nonetheless, our roadmap highlights the collective accomplishments we can achieve."

Key processing themes

The roadmap outlines five key mineral processing themes to facilitate the transition towards net-zero solutions.

These themes include developing novel processing solutions, digital and automation technologies and waste stream processes.

It also details ways each partner can collaborate with stakeholders to accelerate innovation, knowledge exchange and impacts, enabling a faster shift to net zero.

The initiative signifies a landmark shift in the copper mining industry, paving the way for sustainable and responsible resource extraction that aligns with global carbon reduction goals.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.