There's a quiet revolution underway in mining that is delivering more change than it has seen in centuries. Investors, like many observers, have long had a negative view of the environmental, social and governance (ESG) records of the mining industry.
But the advances underway are rapidly making the industry safer, more efficient and more sustainable. A change in management culture and crucially the embrace of new technology and working practices are transforming mining at a time when the world is becoming more resource intensive than ever before. Companies are differentiating themselves by transforming an industry that has inherently been regarded as dirty and dangerous. Ironically, while technology is at the heart of the industry's transformation—just as it remains the driving force in building a more sustainable global economy—many of the technologies themselves depend on the minerals that the mining industry must continue to extract from beneath the earth's surface.