Commodities

Project Stages

Stock Exchange

Register to access content

If you already have an account please log in.

By registering my information with the Beacon Events I recognise that I may receive information and updates around other related mining and mining investment events managed by Beacon Events.

The content you are trying to access is for registered users only

Click here to register your account.

NOTE: You will need to register with the same email address that you used when registering for the event to receive access.

Already have an account? Click here to log in.

The content you are trying to access is for authorised users only

NOTE: You will need to have registered with the same email address that you used when registering for the event to receive access.

Please use a different account to access this content.

The second day of the International Mining and Resources Conference (IMARC) has put a spotlight on the industry’s response to ESG and energy transition. 

The keynote address was a panel discussion focusing on energy transition and decarbonisation. The panel was made up of global heavyweights from the energy, mining, infrastructure, and digital sector.

Setting the scene, David Solsky, Vice President Sustainability Software Solutions at IBM said, “We are on the verge of the biggest transformation of the global economy in a century.”

“What is certain is that the energy transition is going to happen. What is unknown is when or how,” said Sarah Barker, Head of Climate Risk Governance at Minter Ellison. “We do know however, transitions are not linear, they tend to be bumpy”

Talking to the mammoth task ahead, Sue Brown, Executive Group Director Sustainability at Worley said “the scale of investment needed in energy infrastructure alone will need to increase 4 or 5 times every year for the next 20 to 30 years”

However, the transition comes with risk warns Michael van Maanen, Executive General Manager, Corporate, Government and Community at Whitehaven Coal. Mr. Maanen understands the social and economic imperative of transitioning to green and renewable energy but believes the transition must not come at the expense of exponentially higher power prices.

“Investors are accelerating the transition much faster than customers can bear and that’s problematic,” said Mr Maanen. 

Eng. Suliman Bin Khaled Almazroua, CEO of the National Industrial Development and Logistics Program (NIDLP) explained how Saudi Arabia is tackling energy costs amid their rapid transition to renewable and green energy.

“We have added sustainability to our equation when determining risk in new projects. What we have found is that by doing that we are creating long-term value for companies who want to invest new projects,” said Eng. Almazroua.

Over the three-day conference, delegates at IMARC have discussed how to best approach energy transition and the need to decarbonise. Delegates have used the forum to determine global best practices and to explore new technologies that can with the transition. 

Tomorrow is the final day of IMARC 2022 and will focus on the sector’s digital transformation, the future of workplace culture and diversity and inclusion.

More from this author

2 November 2023

Sparking STEM Enthusiasm: Future Professionals Join IMARC 2023

Budding experts in the science, technology, engineering and mathematics (STEM) space have been trying their hand at some cutting-edge mining

2 November 2023

Australia’s biggest business event smashes records as 2024 event confirmed

Australia’s leading mining and resource event will return to Sydney in 2024 following the success of the 10th anniversary conference.

2 November 2023

Secrets, culture clashes and storytelling

Innovators in the mining and resources industry must tell their stories better, be business-minded and truly understand their customers need

2 November 2023

Mining industry on the right ESG path – but more work to do, IMARC told

The global mining industry has both a responsibility and an opportunity to lead the world in ensuring supply chains meet the standards

1 November 2023

Australia’s competitive advantage

Australia can lead the world as it transitions to a clean energy future by producing the critical minerals required

1 November 2023

Changing the oil, rebuilding the machine

The outcome of The Voice Referendum has unveiled a gap in understanding the benefits of better integrating First Nations people

1 November 2023

GreaseBoss

Tim Hall Co-Founder & Chief Executive Officer GreaseBoss

31 October 2023

Geopolitics, skills, workplace, social licence and inclusion

Australia has a “once in 100-year" opportunity to play a key role in providing minerals to support the global energy transition

31 October 2023

The modern mine

The modernisation of mining operations is transforming how the industry is securing the minerals the world needs more safely, efficiently

31 October 2023

China and US highlight critical minerals collaboration

Australia has a major opportunity to contribute to the growing demand for critical minerals

Join us at one of our Upcoming Events