The mining sector comes with its fair share the challenges; indigenous scarce resources to uncertainty around commodity prices, miners are always looking at methods to overcome barriers to remain competitive. Below we explore 5 challenges currently facing the industry.

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1. Accessibility to Energy

As resources in some areas become scarce or depleted, carriers are compelled to push brand-new frontiers that exploration.Depending top top what is gift mined, this has the potential come be an ext expensive than traditional mining and could leave companies much more reliant ~ above rental strength solutions.

To with those resources which remain, mines are significantly being created in off-grid locations and also their lifecycle is decreasing, meaning it is no longer financially viable to build permanent power infrastructures to service the mine. Instead, remote mines are currently utilising scalable microgrids that can evolve with the lifecycle, enhancing flexibility and also efficiency.

2. Health and also Safety

Mining can be a dangerous profession. The classic occupational hazards such together coal dust inhalation, damages to hearing as result of the noise in a mine and chemical hazards still stand yet the an altering nature that mining has led to a raft of new issues.

As mines are acquiring deeper, the risk of collapse has substantially increased. With a increase in surface temperatures and an progressively unpredictable climate, the temperature of a mine is more likely come fluctuate and as a result, constant temperature regulate is even an ext important 보다 it had previously been.

Additionally, a adjust in mining practices has actually led to a renewed emphasis on the importance of consistent ventilation equipment – to ensure that employees are maintained safe indigenous dangerous fumes.

3. Access to Capital

Access and allocation of capital is regularly cited as one of the biggest problems facing the mining industry, particularly for its juniors.

Rocketing exploration and production expenses have affected profit margins and also left investors reticent to connect with new projects, particularly with smaller companies. Juniors, who lack the battle chests of the major companies, confront the challenge of raising the necessary capital to invest in significantly expensive mining practices or in large equipment.

Flexible finance has become an increasingly renowned solution and also it permits mining juniors to proceed to push the barriers of exploration. Worried investors and a absence of accessibility to resources has meant countless high-profile projects being scrapped, shelved or sent earlier to the drawing board.

4. Volatility that commodity prices

Volatile commodity prices make it extremely daunting for carriers to arrangement income and also therefore expenditure. Recent disruption in commodity prices has actually led to many companies having to close under operations or make serious cuts in the dimension of their workforce. As a result, mining suppliers are focussed on boosting efficiency and also reducing cost more than ever.

5. Eco-friendly footprint

Traditionally a carbon extensive industry, miners are currently looking at means to minimize their ecological impact much more than ever.

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One of the significant ways it deserve to do so, is by assessing their power usage. Remote areas and minimal access to regional grid infrastructure means that the mining sector places significant demand ~ above diesel generation for electricity.However, v recent enhancements in renewable energy, the industry is currently seeing the increase of hybrid power remedies for mine site operations. By combining renewables v thermal generation and also battery storage, mine sites deserve to now increase performance while reducing your carbon footprint and also overall costs.