Why going cashless is better for the environment
According to the Institute and Faculties of Actuaries, the biggest hazard to the environment from the payments system are ATMs. These machines silently use up tonnes of generated electricity to churn out cash at any given moment. In just obtaining cash, the system is unhealthy for the planet. Luckily we live in a time when the world is rapidly ...
The Role of Mining in the Economies of Developing …
Mining's contribution to sustainable economic development in developing countries has been the subject of much debate in recent years. This debate comes …
Economy of South Africa
The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. The economy is the most industrialized, technologically advanced, and diversified economy in Africa. Following 1996, at the end of over twelve years of international sanctions, South Africa's nominal gross …
The economic benefits of fracking | Brookings
Energy consumers are seeing economic gains. Gas bills have dropped $13 billion per year from 2007 to 2013 as a result of increased fracking, which adds up to $200 per year for gas-consuming ...
Mining and Economic Sustainability: National …
Mining and Economic Sustainability: National Economics and Local Communities 5 So, on the one hand, mining has the potential to contribute to sustainable development, if …
The economic and social impact of mining-resources …
Abstract. Mining resources (mainly copper), whose extraction and export were initiated during colonial times, have played an important role in the economy of Zambia, a landlocked country in central-southern Africa. This country faces serious development challenges, especially regarding economic structural transformation, …
Economic Impact of South African Coal
The economic impact of South African coal is undeniable. It has been a driving force behind the country's development, providing energy, employment, and export revenue. However, the industry faces the challenge of balancing economic benefits with environmental concerns. As South Africa looks to the future, transitioning to renewable …
Economic Growth
The diamond region of Yakutia receives more than $1 billion in taxes and royalties from diamond mining operations. Adcirca online usa; ... Other war torn countries such as Sierra Leone also receive major economic …
Blue Economy: oceans as the next great economic frontier
Offshore wind energy is only one example of benefits of Blue Economy. Others are offshore aquaculture (an emerging approach to fish farming), wave and tidal energy, seabed mining and blue biotechnology, which uses, among others, shellfish, bacteria and algae for development in health care and energy production. Moreover, …
Why we should mine the moon
Moon. Investment. Apollo program. Rosetta. Asteroid mining. Lunar exploration. Register now. To date, all human economic activity has depended on the material and energy resources of a single ...
Economy of Guyana
The economy of Guyana is one of the fastest growing in the world with a gross domestic product (GDP) growth of 19.9% in 2021. In 2023, Guyana had a per capita gross domestic product (purchasing power parity) of Int$60,648 and an average GDP growth of 4.2% over the previous decade. Guyana's economy was transformed in 2015 with the discovery of …
Benefits of Monopoly Power
A firm might be considered to have monopoly power with more than 25% market share. The main benefits of monopolies include. Economies of scale – lower average costs and therefore lower prices for consumers. More profit for research and development – enabling better products in the long-run. Firms who become monopolies …
Taking a circular approach to mining operations
The most common application of circular economy in mining currently involves reprocessing tailings materials in order to extract left over minerals, but according to Chovan, there are plenty more opportunities to take advantage of the resources available to a mining operation, for instance reusing or donating used equipment, but there is also …
The economic and social impact of mining-resources …
Abstract. Mining resources (mainly copper), whose extraction and export were initiated during colonial times, have played an important role in the economy of Zambia, a landlocked country in ...
Mining and the Circular Economy | ReThink Mining
June 16, 2021. A circular economy (CE) is any economic system where waste is eliminated, and resources are continually used and reused. CMIC's goal to transform mining to a zero-waste industry epitomizes the circular economy. This week we are exploring the opportunities and progress we see in creating a mining industry that reflects the ...
The Economics of Illegal Mining
Former Mineral Resources Minister Susan Shabangu suggested that illegal mining costs the economy about US $550 million a year. It is unclear whether this pertains to lost tax revenue or production losses from operational mines. By its nature, illicit activity is not amenable to accurate statistics, but estimates indicate that about 14,000 ...
7 ways the mining sector can prepare for the new …
5. Mining, metals and the energy transition. Increasing demand for energy and low-carbon technologies will boost mineral and metal demand, and the sector needs …
The Philippines economy in 2024 | McKinsey
The Philippines ended 2023 on a high note, being the fastest growing economy across Southeast Asia with a growth rate of 5.6 percent—just shy of the government's target of 6.0 to 7.0 percent. 1 "National accounts," Philippine Statistics Authority, January 31, 2024; "Philippine economic updates," Bangko Sentral ng Pilipinas, …
What are the benefits of a circular economy? | World Economic Forum
1) Make better use of finite resources. The circular economy concept is all about making better use of natural resources like forests, soil, water, air, metals and minerals. Take the textiles industry. Each year, huge quantities of fossil fuels are used to produce clothes from synthetic fibers each year.
Social and economic costs and benefits of coal
The results showed that based on market prices coal mining generated 10–14 times more benefits than grazing and up to 3000 more benefits than nature conservation. De Valck et al. (2021) stated that once accounted for externalities, the net present value of coal mining becomes negative, while grazing and nature conservation remain positive.
Triple Win: How Mining Can Benefit Africa's Citizens, Their …
Africa is underexplored in part because mining authorities have inadequately managed geological data, and mining companies have considered much of the continent commercially risky.25 For example, a South African strategy to boost exploration cites poor policy implementation, insufficient electricity, strikes and community unrest, and poor …
7 ways the mining sector can prepare for the …
5. Mining, metals and the energy transition. Increasing demand for energy and low-carbon technologies will boost mineral and metal demand, and the sector needs to be prepared to meet these …
Home | Ministry of Mining, Blue Economy and Maritime Affairs
Ministry of Mining, Blue Economy and Maritime Affairs. 14th Floor, NHIF Building, Ragati Road ; P.O. Box 30009, 00100, Nairobi, Kenya ; Tel: +254-20-272-1074
TOWARDS CIRCULAR ECONOMY IN THE MINING …
Mining and metal companies have been almost totally lacking from the circular economy conversation. In the light of this gap, there is a clear need to understand the business potential for circular ... In addition to economic and societal benefits, mining has produced significant amounts of mining and quarrying waste called tailings. Tailings ...
The role of mining in the South African economy
It is by nature a temporal use of land, and it contributes significantly to the economic development of the regions where it is practised. The mining industry of South Africa is one of the oldest ...
How does the mining sector impact the South African economy?
Mining contributes 11% of gross capital creation but also 16% of total direct foreign investment in South Africa. Despite accounting for just 0.3 percent of taxpayers, the sector was liable for 6 percent of the tax imposed in 2014. Although quarrying employs about 500,000 people, it accounts for barely 5% of the country's employment.
(a) What is mining? (b) State four benefits of Soda Ash mining …
(a) What is mining? Is the extraction of minerals occurring on or below the earth's surface. (b) State four benefits of Soda Ash mining to the economy of Kenya.
Environmental benefits of circular economy approach to use …
The first step is the industrial stage, where Co-containing minerals are extracted, then processed and produced into chemicals such as cobalt oxide – Co 3 O 4, cobalt sulfate – CoSO 4, cobalt nitrate – Co(NO 3) 2, and cobalt chloride – CoCl 2.Cobalt is mainly extracted as by-product of nickel mining (about 55 %), copper mining (about 35 …
Rethinking mining as a development panacea: an …
Extant literature exists so far on the positive contribution of mining to economic growth. However, contrary views have also been found in the form of the …
Ghana needs to rethink its small scale mining strategy.
Artisanal and small-scale mining is estimated to support the livelihoods of some 4.5 million Ghanaians, about 12% of the population. They account for more than 60% of the country's mining sector ...