ABB’s “Mining’s Moment” report emphasizes the mining sector’s strides in embracing sustainability and decarbonisation, with a clear recognition that transitioning operations to a greener future is inevitable.
The study, which surveyed 412 mining executives from across Asia, Europe, North America, South America, South Africa and Australia, reveals the growing optimism and challenges within the industry. Conducted by an independent market research firm, the findings indicate that mining executives globally are excited about the increasing role of the industry in providing resources for green technologies, with 82% of Australian respondents particularly enthusiastic about these opportunities.
However, the survey also highlighted significant hurdles. While half of the executives anticipate significant or complete transformation of their operations in the next five years, 32% of them reported being behind on their decarbonisation objectives, indicating the difficulties of putting decarbonisation plans into action.
According to Stuart Cowie, head of process industries at ABB Australia, the decarbonisation transformation in mining is happening, and the report reflects this ongoing change. Despite optimism, only 11% of respondents are confident they will meet their 2030 decarbonisation goals, although confidence increases for the longer-term 2050 targets.
The report also underscores the importance of an integrated approach to decarbonisation, involving electrification, automation, and digitalisation. Among Australian respondents, 76% agreed on this approach, with 35% planning to invest in electrifying their haulage fleets by 2026. By 2030, 73% plan to electrify at least 25% of their fleet.
Australia is considered a frontrunner, with 79% of respondents viewing vehicle electrification as crucial to achieving decarbonisation targets. However, there are barriers, such as capital investment (57%) and inadequate infrastructure (53%), that need to be addressed.
An incremental approach to decarbonisation is often seen as a more feasible path, allowing mining companies to make gradual improvements and trial new technologies before making significant investments. ABB’s collaboration with Gold Fields at the Granny Smith gold mine is an example of this incremental approach, where digitalisation and operations management systems are being implemented as part of the transition.
In addition to vehicle electrification, ABB is working on pioneering technologies such as fast-charging trolley-assist solutions for haul trucks, which can reduce carbon emissions by up to 90%. ABB’s hoisting solutions, which offer a zero-emission alternative to traditional haul trucks, and its ventilation-on-demand system for underground mines also contribute to emissions reduction.
Cowie emphasized that the mining industry is evolving to not only reduce its environmental impact but also to provide essential resources for the green technology transition. The report suggests that mining, once seen primarily as part of the problem, is increasingly being recognized as a vital part of the solution to global decarbonisation efforts.
