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Mining and Extraction
Sectors
Mining and Extraction
About this sector
Mining involves the extraction of minerals from the Earth’s crust, including coal, metal ores, rock, industrial minerals, and gemstones. The industry is an important economic activity in many countries and central to modern industrial societies, supplying raw materials for, amongst other things, energy production, construction, manufacturing, agriculture, communication, household goods, and medicines.
Impacts
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Habitat loss and fragmentation through surface mining and creation of waste rock dumps.
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Pollution of habitats and water supplies from chemical contamination and solid waste (tailings).
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Excessive water withdrawal that can impact on local water systems.
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Alteration of creeks, rivers, and watershed regimes.
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Increased access to sensitive and remote areas.
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Green House Gases emissions.
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Opportunities/Risks
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Reputation: managing biodiversity can contribute to a good reputation among local communities, governments and other stakeholders, helping secure a license to operate.
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Access and cost of capital: helping compliance with loan requirements from financial institutions.
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New markets: certification schemes are developing for responsibly mined products e.g. the Responsible Jewellery Council.
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