November 20, 2024

International Mining and Resources Conference (IMARC) 2024 Kicks Off in Sydney: Emphasizing ESG and Social License in Mining and Critical Minerals for Net Zero

29 October 2024
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International Mining and Resources Conference (IMARC)

By Jamie Hyland

October 29 : International Mining and Resources Conference (IMARC)

SYDNEY, Australia (MiningIR) —  The International Mining and Resources Conference (IMARC) 2024 commenced with a strong lineup of speakers and a clear focus on the evolving priorities within the mining sector. Held in Sydney, Australia, this premier event brings together industry leaders, government representatives, and stakeholders to address pressing issues and opportunities facing the global mining industry.

This year’s conference is set to break records, with more than 9000 delegates, 600 speakers and over 500 exhibitors on site, positioning IMARC 2024 as a premier platform for the global mining and resources sector.

“It’s more than just a conference. IMARC is the ultimate hub for essential conversations on sustainability, technology, and collaboration that will drive the sector towards a more responsible and innovative future,” said Anita Richards, Chief Operating Officer at IMARC.

Kicking off day one was Hon. Madeleine King MP, Australia’s Minister for Resources and Minister for Northern Australia, who addressed the audience in the Plenary Theatre. King highlighted the critical shift in public attitudes toward mining, noting how “attitudes toward mining have changed” over time. She acknowledged that while concerns regarding mining’s environmental impact and social implications are increasingly in focus, both governments and mining companies are adapting to these expectations. King emphasized the importance of balancing economic benefits with Environmental, Social, and Governance (ESG) standards to uphold the industry’s social license to operate.

IMARC 2024 and Australia’s International Mining Week with an intimate networking evening at the Museum of Contemporary art Sydney.

Critical Minerals: Key to Net Zero Goals

In the conference’s opening session, Hon. Courtney Houssos, Minister for Finance, Domestic Manufacturing, Government Procurement, and Natural Resources for New South Wales, spotlighted the urgency of securing critical minerals to meet climate targets. Houssos stressed that “we will need 6 times the amount of critical minerals currently mined if we are to meet our country’s net zero commitments. All of this can be found in NSW – we are well-positioned to help the world realize these ambitions.” This statement emphasized New South Wales’ readiness to support global decarbonization goals, backed by its abundant reserves of essential minerals used in battery production, electric vehicles, and renewable energy infrastructure.

Decarbonization, Renewable Energy, and Innovation

Day one’s agenda was rich with discussions on decarbonizing mining operations, a topic critical to reducing the industry’s carbon footprint. Panelists explored the role of renewable energy, biofuels, and energy efficiencies in reshaping mining operations. Presentations emphasized that achieving meaningful decarbonization requires embracing emerging technologies and integrating them with traditional practices.

Innovation and digital transformation also featured prominently, as leaders highlighted how advancements in artificial intelligence, automation, and data analytics can enhance operational efficiency while supporting ESG commitments. By adopting these new tools, companies are not only improving productivity but also addressing environmental concerns through reduced emissions and lower resource waste​.

Strengthening Partnerships with Local and Indigenous Communities

Throughout the day, speakers stressed the importance of collaborating with Indigenous communities and local stakeholders to gain and sustain social licenses for mining projects. This approach is seen as crucial for upholding ethical standards and ensuring the equitable distribution of mining benefits. Attendees discussed best practices for integrating community perspectives into project planning, aiming to foster trust and long-term partnerships.

The Road Ahead for IMARC 2024

With several days remaining, IMARC 2024 will continue to explore these essential themes. Upcoming sessions will dive deeper into responsible resource extraction, the future of critical minerals, and policy frameworks supporting sustainable mining practices. As the conference progresses, Sydney stands as a key global stage where mining’s future is redefined, with a shared goal: to bridge economic growth with sustainable and ethical resource management.

IMARC 2024 is not only a platform for industry dialogue but also a central part of Australia’s International Mining Week. This broader initiative brings together global and local experts to share insights and strategies for advancing sustainable mining. A highlight of the week includes an exclusive networking evening hosted at Sydney’s renowned Museum of Contemporary Art. Yesterday, industry leaders, policymakers, and innovators have the chance to connect in an intimate setting, exchanging ideas against the stunning backdrop of Sydney Harbour. This evening offered attendees the chance to form meaningful partnerships and discuss collaborative opportunities within the mining sector, blending Australia’s rich cultural heritage with the innovative future of mining.

29 – 31 October 2024

ICC Sydney

Australia’s largest mining event connecting global mining leaders with technology, finance and the future.

Opening times:

  • Tuesday, 29 October: 9:00am – 5:30pm
  • Wednesday, 30 October: 9:00am – 5:30pm
  • Thursday, 31 October: 9:00am – 4:00pm
  • Attendees: Over 9,000 attendees 
  • Mining Companies: 800+ companies 
  • Countries Represented: 120+ 
  • Speakers: 600+ industry leaders 
  • Exhibitors: 500+ exhibitors 
  • Expo Floor: A vast 20,000m² space

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Disclaimer
MiningIR hosts a variety of articles from a range of sources. Our content, while interesting, should not be considered as formal financial advice. Always seek professional guidance and consult a range of sources before investing.
James Hyland, MiningIR
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