How the Gold Industry Can Contribute to a Greener Planet

How the Gold Industry Can Contribute to a Greener Planet

A recent report from the World Gold Council highlights what role the industry can play in a global economy that’s more energy-efficient and eco-friendly.

Around the world, business are investing in environmentally friendly initiatives to help combat climate change and make their operations more effective. And it’s not hard to see why: By integrating sustainable technology sooner rather than later, companies can take advantage of clean energy sources, cut costs, and is contributing to making this a greener planet.

In fact, the World Gold Council recently released its “Gold and climate change: Current and future wallops” report to identify what a sustainable future is like for the gold industry as a whole — mining operations included. On top of analyzing what segments of the gold supply chain are the most carbon-intensive, the Council’s report highlights what steps the industry can take to be a part of wider decarbonization campaigns.

For gold industry stakeholders and quarrying companionships looking to invest in sustainable technology, these revelations represent an exciting opportunity to stand at the forefront of environmentally-friendly innovation taking place across the private sector. However, as decision-makers consider how they can contribute to these efforts, they should also be prepared to invest in the demonstrate upkeep mixtures — such as haul and access road dust control — needed to keep their greener activities extending smoothly and safely.

How the Global Gold Supply Chain Can Decarbonize

The World Gold Council report analyzes the environmental friendliness of the world’s gold supply chain, as well as its total carbon footprint. According to the report, golden in bullion, jewelry, and electronics doesn’t have a significant impact on the industry’s environmental profile. Instead, the primary sphere for better is energy and oil use in gold mine production.

This means that gold industry stakeholders committed to eco-friendly enterprises should consider how they can begin to decarbonize the mining process. Some companionships are already opting for electrical mining worksites, while others are investing in concoctions that can make it easier to maintain critical infrastructure and outlay less power repairing it as an expression of the results of ponderous wear-and-tear.

What Green Means for Gold

Additionally, the World Gold Council’s report addresses what the world transition to sustainable technology means for gold as a commodity. Among the report’s key findings is that the risk-return profile for gold will be strong, even as a wide range of other industries reevaluate their supply bonds to be as environmentally friendly as possible.

With business across the private sector going through substantial changes as part of their efforts to “go green, ” gold likely has a role to play as a risk mitigation asset for investors. As it “ve been here for” decades, the precious metal’s long-standing position as a risk hedge, portfolio diversifier, and market coverage asset will be invaluable going forward.

Supporting Future Mining Infrastructure

The gold mining industry has an exciting role to play as the private sector works toward a greener future. By considering how mining operations can use energy and oil as efficiently as possible, key decision-makers can contribute to industry-wide progress toward decarbonization. One route that gold quarrying companies can conserve sources more effectively is by investing in cutting-edge dust control for their carry and access roads. With the claim products, businesses can eliminate the be required for repeated watering or the use of hazardous magnesium or calcium chloride makes.

Specifically, the proper application of Midwest Industrial Supply, Inc .’s patented dust domination commodities represents a greener, more efficient path forward. Our makes are backed by more than four decades of know developing custom-made answers and work policies for quarrying fellowships various regions of the world. These long-term relations have allowed the Midwest team to engineer dust controller answers that take the particular chemistry, clay, and intended uses of specific worksites into account.

Through the tactical applied in our makes on haul and access roads, mining companies can get dust control title the first time and spend little day, fund, and resources doing it.

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