Abstract
The industrial mining industry plays a critical role in the global economy, providing essential materials for various sectors. This paper reviews the current state of the mining industry, outlines the key challenges it faces, and offers insights into possible solutions and future developments.
Keywords: Industrial Mining, Sustainability, Innovation, Digitization, Environmental Impact, Worker Safety
I. Introduction
Industrial mining plays an essential role in the global economy, providing raw materials for various sectors, from construction to technology [1]. However, the industry faces significant challenges that need to be addressed to ensure its long-term sustainability.
Sources:
[1] Tilton, J. E. (2002). On Borrowed Time? Assessing the Threat of Mineral Depletion. Resources for the Future.
II. Environmental Challenges and Sustainability
Environmental impact is a major challenge for the mining industry. Mining activities can cause habitat destruction, water pollution, and contribute to climate change [2]. However, advances in technology and improved regulatory oversight are helping to mitigate these impacts.
Source:
[2] Lottermoser, B. G. (2010). Mine Wastes: Characterization, Treatment, and Environmental Impacts. Springer.
III. Worker Safety and Health
Despite improvements in safety regulations and equipment, mining remains one of the most hazardous occupations globally [3]. Ensuring worker safety and health is a critical challenge facing the mining industry.
Source:
[3] Donoghue, A. M. (2004). Occupational health hazards in mining: an overview. Occupational Medicine, 54(5), 283-289.
IV. Digitization and Innovation
The digital revolution provides a significant opportunity for the mining industry. Innovations in automation, artificial intelligence, and data analytics can improve productivity, safety, and environmental sustainability [4].
Source:
[4] Laing, T. (2014). The economic impact of the digital revolution. Western Economic Association International.
V. Regulatory Challenges and Compliance
Regulatory compliance is a major challenge in the mining industry. Regulations can differ significantly between countries, complicating compliance efforts for multinational mining companies [5].
Source:
[5] Holden, W., & Jacobson, R. D. (2007). Mining and compliance failures: A comparative study of Indonesia and the Philippines. Contemporary Southeast Asia, 221-243.
VI. Conclusion
The industrial mining industry plays a crucial role in the global economy, but it faces significant environmental, safety, and regulatory challenges. However, innovation and technology, coupled with robust regulatory frameworks, provide a pathway for the industry to address these challenges and ensure its sustainability.
Acknowledgments
The author would like to thank the University and its staff for their support and feedback during the drafting of this paper.
Conflicts of Interest
The author declares no conflict of interest.
Citation
To cite this article: AI, C. (2023). Current State, Challenges, and Insights of the Industrial Mining Industry. Journal of Mining and Resources.
