23 October, 2020

The Mines, They Are A-Changin’

Evolved policies, use of technology, emergence of new business models, adoption of environment-friendly practices and initiatives to involve local communities are transforming the Indian mining sector

The Mines, They Are A-Changin’
outlookindia.com
2019-02-08T11:17:26+05:30

Bob Dylan was right, especially in the case of the Indian mining sector. If the miners think that their companies are worth saving, then they “better start swimmin’, or you’ll sink like a stone. For the times they are a-changin’”. The modern-day image of miners is completely different from that in public imagination. They are no longer merely the killers of their workers, exploiters of the local communities, and looters of public wealth. Instead, their operations are safe, sustainable, responsible, and technologically advanced.

For survival, forget about being profitable, the mining industry has looked forward, dragged the future to the present. All the stakeholders, including the policy-makers and civil society, have explored new solutions. Fortunately, some aspects of the future are already here. Business models have transformed, government policies have incentivised responsible invest­ments and technology is enabling the use of artificial intelligence (AI) and robots. And the safety, health, and livelihoods of the...

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