/PRNewswire/ The global green mining market size is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027 at a compound annual growth.
The following was circulated by the Coalition for Eco Efficient Comminution (CEEC). Visit
www.CEECtheFuture.org for ideas on how to cut your biggest energy use.
An independent report released earlier this week shines a light on the global mining industry’s energy usage, illuminating where energy is consumed and linking it with opportunities and pathways to decarbonize.
The report, commissioned by the
Weir Group, analyzes mine energy use from over 40 published studies, centred on five commodities – copper, gold, iron ore, nickel and lithium. For these five metals, it finds comminution – the crushing and grinding of rocks – alone accounts for 25% of final energy consumption at an average mine site. Extended across all hard rock mining, this is equivalent to up to 1% of total final energy consumption globally.
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The global mining industry must move away from legacy systems and processes if it is to meet the challenge of decarbonisation, according to a new recently released report which calculates mining’s share of global energy consumption and identifies ways the industry can aid the transition to net zero emissions needed to limit temperatures in line with the Paris Agreement.
The report, commissioned by the Weir Group plc, analyses mine energy data from over 40 published studies to give a comprehensive understanding of where energy is consumed in mining and minerals processing. It shows that the total amount of power used by the mining industry – which plays an essential role providing the metals used at the heart of the modern economy – is equal to approximately 3.5% of global energy use.