LEADING THE DECARBONISATION CHARGE

AS THE WORLD WORKS TO DECARBONISE, THE MINING INDUSTRY HAS A BIG PART TO PLAY.

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The mining sector has a pivotal role to play in global decarbonisation, according to KPMG’s latest ‘Global Metals and Mining Outlook’ report.

In a recent conversation with Australian Mining, KPMG global mining leader Trevor Hart shared insights from the company’s report, shedding light on the industry’s challenges, opportunities, and the vital part it will play in creating a sustainable future.

“Last year, our report focused on the broader opportunity for the industry around the world’s decarbonisation and electrification,” Hart said.

“This year, we wanted to deliberately talk to industry participants around the challenges of transitioning into a decarbonised, electrified world and some of the focus areas around that.

“We wanted to be more focused on where the industry is at and how the industry is tracking and presenting itself.”

The report reflects the input of 453 participants from 20 countries, with more than half working in roles directly tied to decarbonisation and across various sectors around the world, providing a comprehensive view of the industry’s efforts.

Despite the complexities and uncertainties surrounding decarbonisation, the mining sector remains largely optimistic.

The shift towards a decarbonised economy, driven by global demand for renewable energy, has provided a new pillar of demand for minerals essential for this transition.

“This optimism stems from the fact that decarbonisation is a very physical transition,” Hart said. “It requires a significant amount of material, and the industry is well-positioned to meet that demand.”

But this optimism is often tempered by the prioritisation of capital investments for decarbonisation projects and challenges related to volatile commodity prices.