The global mining industry is a powerhouse. In 2022, the top 40 mining companies generated $943 billion in revenue. With such an impressive power surrounding revenue generation, mining plays a pivotal role in national economies. For example, mining alone accounts for +7% of Canada’s GDP and 21% of Australia’s GDP growth.
However, for many mines, it’s not simply about shareholder value. ESG and sustainability also remain top of mind. After all, mining is very water-intensive, and with water resources increasingly becoming a hot-button topic worldwide, it’s in a mine’s best long-term interest to consider how to operate sustainably. And how to mine responsibly often comes down to how to manage water most effectively.
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