Tag Archives: International Mining and Resources Conference & Expo

IMARC panel urges mining sector to get decarbonisation ‘vision going’

With pressure mounting on the mining industry to reduce emissions, leaders are actively addressing challenges associated with decarbonisation, emphasising that achieving net-zero will require substantial collaboration, significant investment, and a clearly defined roadmap for a sustainable future.

Speaking on a panel about collaborative ways to support the energy transition on day two of the International Mining and Resources Conference + Expo (IMARC), Rebecca Tomkinson, CEO of the Chamber of Minerals and Energy of Western Australia, highlighted the importance of maintaining industry alongside environmental goals. “We don’t save the climate by not having industry in our nation. Indeed, we accelerate the problem,” she said.

“The price of electricity has doubled in the last three years in the Western Australian context. Already, the operating model is costing you more at a time when commodity prices are being compressed. So, you can’t have the same return on investment as you had three years ago.”

BHP’s approach to decarbonisation featured prominently, with insights from Gabrielle Sycamore, Head of Strategic Service, and Sebastian Greco, VP of Procurement. Sycamore framed the transition as “an existential opportunity and challenge” for the industry, describing the importance of engaging with communities, especially traditional owners, to ensure meaningful progress.

“Taking the communities that we operate in with us means allowing time in our schedule, our very ambitious schedules, to have that conversation about what role the traditional owners may play,” Sycamore said.

Greco outlined BHP’s targets of reducing emissions by 30% by 2030 and reaching net-zero by 2050.

“This transition will require more effort, more collaboration, and more investment,” he said. “We estimate that a multibillion-dollar spend is required to execute our operational plans for the next five years.”

BHP’s efforts include moving to renewable energy, testing zero-emission trucks, and partnering with equipment manufacturers to accelerate technology adoption.

“Partnership is a key enabler for innovation,” Greco said, pointing to joint projects with suppliers and peers.

Sanjeev Gandhi, Managing Director and CEO of Orica, spoke on the urgency of decarbonisation and the need for steady policies to guide long-term investments.

“If you don’t find a solution quickly, you’re going to see more job losses in manufacturing. And when we talk about future made in Australia, my point is, let’s first preserve the present,” he said.

Stephen McIntosh, Director of the Australian Renewable Energy Agency, looked to industry-wide standards are another priority.

“We don’t all need to run the same proof of concept,” he said. “This is the time when the industry absolutely has to come together and parcel out all of that work so we can collaborate, build these networks, and move quickly.”

Gandhi closed out the panel with a strong message, making it clear that a collective effort is essential to making decarbonisation competitive and sustainable in the long term.

“Let’s stop pointing fingers at each other. Let’s try and find a way to work together to get that vision going.”

Australian skills shortage on the agenda at IMARC

Leaders from the resources sector are aiming to address the chronic and systemic skills shortage facing the Australian mining industry at November’s International Mining and Resources Conference & Expo (IMARC), in Sydney, Australia, the event organisers say.

The Federal Government’s jobs and skills summit will this week work towards addressing Australia’s overall labour shortage but solving that complex crisis within mining will require urgent industry-wide collaboration, according to the leaders.

Over 250,000 people are employed across the mining value chain, making it one of the largest employment industries in the country.

Australia leads the world in exploration and extraction and there is absolutely no reason why it cannot lead in new recruitment strategies as well, the leaders say.

Among those taking part in the IMARC conference is Debbie Smith, National Mining Leader of PWC Australia, who says there is a lot more governments could do to diversify towns like Gladstone, in Queensland, to make them more than just mining towns. This will help attract long-term residents to these areas who are looking to escape the expensive capital cities.

“COVID-19 has had a lot of people assessing work life balance and the importance of family,” Smith said. “We learnt how much can be done from people’s home and there is no reason why those homes cannot be in regional Australia.”

With businesses across Australia currently experiencing financial pressure associated with inflation, supply chain disruptions and the after-effects of border closures, radical reform is required.

Ian Wells, Chief Financial Officer at Fortescue Metals Group, who will also be speaking at IMARC, says due to the tight labour market in Australia, coupled with difficulties in accessing international workers, the industry as a whole is struggling to attract and retain workers.
Fortescue has invested heavily in local talent, including through the Billion Opportunities program which has invested over A$4 billion ($2.7 billion) into Aboriginal businesses since 2011.

Wells says “when the mining industry is strong, all Australians benefit”, with the Western Australian resources sector contributing A$100 billion directly to the national economy in financial year 2022-21.

“The mining sector is a great place to work with many opportunities, and, while our sector is committed to training and developing Australians to be part of the workforce of the future, current acute skills shortages means we must look beyond our borders for additional workers,” he said.

“As an industry, we must and can do more to build on our commitment to developing a diverse workforce that is reflective of society and to foster a workplace culture that truly embraces diversity and inclusiveness. We believe that diversity has been key to our success and we remain strongly committed to increasing female and Aboriginal employment across the business.”

IMARC’s Director of Conference Content & Strategy, Sherene Asnasyous, says the forum in November will provide a crucial platform for conversations about the next steps towards an essential increase in recruitment and retention across the industry.

“IMARC will allow global leaders and emerging game-changers from the entire mining value chain the unique opportunity to come together under one roof and tackle not only the skills shortage but other urgent challenges facing the industry right now including the energy transition, rising costs, social performance and diversity within the resources sector,” she said.

With over 450 speakers across six concurrent conferences covering global opportunities, industry collaboration, the energy transition, investment, innovation and more, IMARC is the most significant in-person gathering of Australian and international mining and resources representatives in almost three years, the organisers says. It will be held on November 2-4 at the Sydney International Convention Centre.

International Mining is a media sponsor of IMARC