PR99320

RIYADH, Saudi Arabia, Dec. 22, 2022/PRNewswire=KYODO JBN/--

The second Future Minerals Forum (FMF), hosted by the Saudi Arabian Ministry of

Industry and Mineral Resources, is publishing a range of academic papers into

the future of mining and the ways in which the industry might reform.

The theme is explored in a challenging report by Peter Bryant, chair of both

the Development Partner Institute, and Clareo. He argues that mining must

reform itself in fundamental ways: how it extracts minerals and metals;

presents itself to the world, and explains its role in fighting climate change

and contributing to the goal of net zero emissions.  

The paper urges the minerals and metals industry to continue deep research and

champion innovation not only in order to boost performance and sustainability

in mining techniques but also to reduce the impact on the environment. Now is

the time to reach out further to educate the public that mining is integral to

the fight against climate change.

While society increasingly demands clean energy, many people do not realise

that the raw materials needed to power electric vehicles, microchips, solar

panels and rechargeable batteries, all come from the extraction of precious

minerals and metals like lithium, cobalt, copper and graphite. Without copper,

for example, windfarms cannot operate.

Sitting on untapped mineral reserves of $1.3 trillion, Saudi Arabia could

spearhead new thinking by embracing new mining techniques, and as a direct

consequence, extend its caring image to  reconnect the global industry with

communities and stakeholders, convincing them of the fundamental benefits that

minerals and metals bring. "We need to turbo-charge the investment in

innovation to position mineral development as the catalyst for economic

prosperity", the paper urges.

Mr Bryant argues that mining must be more of a "giver" than a "taker". It must

take bigger steps to show communities, governments and stakeholders how the

industry benefits societies, boosts decarbonization and fights climate change.

A global roadmap will create the foundation and necessary partnerships for

strong strategy and clear action. This approach assures that the burdens are

not carried by those who can least afford to bear them, and that the benefits

do not go to a chosen few. Instead, it will create long-term, equitable, and

sustainable prosperity.

Media Contact:

Omar Shereen

omar.shereen@fleishman.com

+966 50 663 0489

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Source - Future Minerals Forum