ENERGY TRANSITION: Mining sector needs collaboration, not competition, execs say

The mining industry needs collaboration, not competition, if it wants to advance net-zero carbon emissions targets for the sector, a panel of executives said.

This means acting immediately now that a growing number of targets have been set, including a commitment on Tuesday October 5 by one-third of the world's mining and metals industry to a goal of net-zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner, panelists told the Reuters Impact virtual conference.
The collective commitment was made by members of the International Council on Mining & Metals (ICMM), which also signed the letter.
According to the chief executive officer of Rio Tinto, a signatory to the letter, the collective nature of the approach may at first appear unusual given the diversified geographical, product and perspective mix of ICMM members.

Mixed outlook for gold as it remains range bound for past three months

Gold stocks down on flat metal price

Gold stocks down on metal decline

Huge quantifiable rise in geopolitical, economic and trade risks

Platinum clearly ahead of palladium for first time in seven years