By Jamie Hyland
The Resourcing Tomorrow Conference in London began on a high note on December 3, 2024, attracting global leaders across the mining and energy sectors. This flagship event is not just a conference but a critical forum for shaping the future of responsible mining and the energy transition. Day 1 delved into pivotal themes, including technology and innovation, geopolitics, critical minerals, and responsible mining practices.
Welcoming the Industry Leaders
The day started with Andrew Thake, Divisional Director at Resourcing Tomorrow, delivering the welcoming remarks. Thake set the tone by emphasizing the necessity of collaboration across the mining value chain to accelerate the energy transition.
This was followed by the first keynote, “How can the mining industry break out of the echo chamber?”, by Rohitesh Dhawan, CEO of the International Council of Mining and Minerals (ICMM). Dhawan highlighted the importance of sustainable practices and innovation, encouraging stakeholders to think beyond traditional mining paradigms.
Exploring Key Industry Challenges
One of the most anticipated speeches of the morning came from Mark Bristow, CEO of Barrick Gold. Bristow shared his insights on addressing the looming copper shortage, vital for green technologies. He critiqued the industry’s over-reliance on mergers and acquisitions, advocating instead for investments in exploration and development of new deposits. His address underscored strategies for sustainable copper production, a cornerstone of the global energy transition.
Another significant moment was the keynote fireside chat featuring Mark Kristoff, CEO of Traxys, who elaborated on the role of recycling in bolstering the global battery minerals supply chain. His discussion with Kate Southwell of Anglo American touched on sustainable logistics and responsible sourcing.
Saudi Arabia’s Vision for Mining
The Ministerial Address by H.E. Khalid Saleh Al-Mudaifer, Vice-Minister for Mining Affairs, Saudi Arabia, was a standout session. He outlined the Kingdom’s ambitious plans to lead in responsible mining practices while supporting global critical mineral demand. Al-Mudaifer stated, “Mining is not just about resource extraction—it’s about empowering economies, fostering innovation, and securing a sustainable energy future for all.”
This vision is part of Saudi Arabia’s broader strategy to diversify its economy and position itself as a global leader in critical mineral production, crucial for renewable technologies.
Redefining Leadership for the Energy Transition
A keynote panel titled “Are We Fit for Purpose?” gathered renowned industry figures to discuss leadership’s evolving role amid rapid technological and geopolitical changes. Key panelists included Ross Beaty (Chairman, Equinox Gold), Robert McEwen (Chairman, McEwen Mining), and Marley Palin (BHP Xplor).
The panel explored innovative leadership approaches, including fostering transparency, embracing diversity, and addressing the global talent gap. Collaborative leadership, the speakers emphasized, will be indispensable for navigating the energy transition.
Focus on Technology and Innovation
Technology’s transformative power in mining was a recurring theme throughout the day. A panel on “The Role of AI and Digitalisation in Mining” showcased the potential of automation and data analytics to revolutionize safety and efficiency in mining operations. Dennis Gibson of the Critical Minerals Association USA moderated the session, which highlighted advancements in electrification and cybersecurity.
Similarly, a fireside chat featuring Robert Friedland (Ivanhoe Mines) and Jeff Currie (Carlyle) focused on the integration of innovative technologies to unlock the full potential of critical mineral extraction.
Check out the world’s fastest hydrogen-powered car, built by the innovative student-led team Forze Hydrogen Racing from TU Delft, at Resourcing Tomorrow. This cutting-edge vehicle exemplifies the potential of hydrogen as a clean, high-performance energy source, merging sustainability with advanced engineering. By showcasing their record-breaking car, Forze Hydrogen Racing is not only redefining the future of motorsports but also demonstrating hydrogen’s transformative role in addressing global energy challenges and fostering innovation across industries.
Fostering Collaboration Across Sectors
The closing sessions emphasized collaboration between miners, midstream, and downstream industries. A standout discussion, “Should the Mining Industry Be Vertically Integrating More?”, tackled how supply chain efficiencies and responsible sourcing could foster resilient partnerships.
The dialogue underscored that the energy transition is not merely a mining issue but an ecosystem challenge that requires aligned strategies from all stakeholders, including OEMs, energy providers, and governments.
Networking and Forward Momentum
The day concluded with a networking reception featuring Minister Sarah Jones, UK Minister for Energy Security and Net Zero. The session provided attendees a platform to forge partnerships and explore investment opportunities, setting the stage for the remaining conference days.
Looking Ahead to Day 2
Day 2 promises to dive deeper into ESG standards, critical mineral strategies, and innovative technologies shaping the future of mining. As the industry grapples with challenges like geopolitical volatility and climate change, the insights gained here will likely shape its trajectory for years to come.
The Resourcing Tomorrow Conference serves as a beacon for collaboration and innovation in mining and energy. From thought-provoking keynote speeches to engaging panel discussions, Day 1 laid a solid foundation for addressing the critical challenges of our time.
Stay tuned for more updates as the conference progresses.
