Beyond oil and gas: How renewable energy in mining are opening up opportunities

For decades, the extraction of natural resources such as oil and gas has been a crucial source of energy and wealth in many countries. However, with the growing interest in environmental sustainability, the mining industry has been forced to look for new ways to generate energy and reduce its impact on the environment.
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The transformations of the energy sector towards the field of renewable energy in mining are also noticeable in this sector. The mines are responsible for providing the coal necessary for the thermal power plants to produce electricity, but with the transformation of the energy landscape, the role of mining also changes.

From suppliers of coal, the mines will become suppliers of the necessary components in the mechanisms that generate electricity. The metals and minerals destined for the production of renewable energies are of vital importance, since without them it would be impossible to manufacture, for example, wind turbines or solar panels.

For decades, the extraction of natural resources such as oil and gas has been a crucial source of energy and wealth in many countries. However, with the growing interest in environmental sustainability, the mining industry has been forced to look for new ways to generate energy and reduce its impact on the environment. This is where renewable energy comes into play. In this article, we’ll explore how alternative energy is opening up new opportunities in the mining industry , and how this transition to sustainability is transforming the way natural resources are extracted.

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Renewable energy in mining

Clean energy has been an attractive option for the mining industry due to its cost, reliability, and availability. In many cases, alternative energy is more cost-effective than traditional energy sources such as oil and gas. Additionally, green energy sources such as solar and wind power are more stable and consistent than traditional energy sources, making them more reliable for the mining industry.

Solar power , in particular, has been a manifest option for the mining industry in recent years. This clean energy can be used to power everything from mining equipment to lighting and heating systems. A photovoltaic cell can also store energy for use at night or on cloudy days. In some cases, solar panels can even produce more power than the mine needs, allowing mines to sell excess power to the local grid, the newly emerging technology of Floating Solar, Floatovoltaic Technology ( FVT) is being installed in some hydroelectric dams [1].

Renewable energy in mining: Pilot project in Chile with the use of innovative photovoltaic floating panel technology
Pilot project in Chile with the use of innovative photovoltaic floating panel technology.

Wind power is becoming more and more selected in the mining industry. Wind Turbines, also called Wind Turbines, transform the energy of movement into electricity. Wind turbines can generate power to power mine machinery, and can be especially effective in areas where wind force is greatest. In addition, this green energy can also be used to power the mine’s ventilation systems, which obviously improves air quality and worker safety [2].

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Wind turbine is the main system of wind power system.

Geothermal energy. It is another source that is being explored as a valid alternative for the mining industry. Geothermal is obtained by taking advantage of the heat from the interior of the earth that is transmitted through the hot rocks, where interaction processes between groundwater and rocks are caused, where geothermal systems originate. This energy can be particularly effective in geothermally active regions [3]. Like solar and wind power, geothermal is a renewable energy source that can significantly reduce the carbon footprint of the mining industry.

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Nesjavellir geothermal power plant in Iceland. Credit: Gretar Ívarsson.

Benefits of alternative energies in mining

The transition to clean energy has many benefits for the mining industry. First, it can significantly reduce the cost of operating the mine. Green power sources are often cheaper than traditional power sources, which can help mines reduce their costs and increase profitability, and improve mine operating efficiency. Solar panels and wind turbines can generate power in remote areas where it can be expensive to produce.

The Importance of Innovation in the mining sector for renewable energies.

The world is undergoing a massive shift towards clean energy sources, and the mining industry is no exception. As we move away from fossil fuels, the demand for minerals like cobalt, lithium, and nickel is skyrocketing.

These minerals are essential components in the production of batteries for electric vehicles and energy storage systems, making them key to the success of the green energy revolution.

According to a report, the production of minerals such as graphite, lithium and cobalt could increase by almost 500% by 2050 to meet the growing demand for clean energy technologies. The report estimates that more than 3 billion tons of minerals and metals will be needed to deploy wind, solar and geothermal power.

The mining industry is facing a defining moment in the transformation to become a recognized partner in the renewable energy transition. The industry is under pressure to reduce its carbon footprint and adopt sustainable practices.

However, the shift towards alternative energy is also opening up new opportunities for mining companies. One of the most important for these companies is the production of renewable energy components.

Another opportunity for mining companies is the development of new technologies to reduce the ecological impact of their operations. For example, they have developed a new technology called coarse particle flotation. This technology reduces the amount of waste produced during the mining process, reducing the ecological impact of mining operations.

More sustainable technological innovations in mining

Clean energy is also helping drive innovation in the mining industry. For example, solar energy is used to power mining operations in remote areas where traditional energy sources are not available. This is reducing the need for cheap and polluting diesel generators. Additionally, solar energy is used to power mining equipment, reducing the need for fossil fuels and reducing emissions.

Technology is addressing the biggest challenges by making it possible to extract fundamental metals in a more sustainable and profitable way. One of the most promising innovations in this field is lithium brine extraction technology, which uses filtration and separation techniques to extract lithium more efficiently and without the need for large amounts of water.

Another important technology is underwater mining, which allows the extraction of minerals and metals from underwater deposits without harming coastal ecosystems. Mining companies are working on subsea exploration technologies to map subsea resources and develop more sustainable and profitable extraction techniques.

The importance of innovation in the mining sector for alternative energies.

In addition, the technology is successfully improving the safety of open pit and underground mining. New drill and blast technologies, such as autonomous drilling and smart explosive charges, are making it possible to extract minerals more precisely and safely, reducing costs and environmental impact.

Innovation is also driving the development of new ways to recover and recycle metals, which can reduce the need to extract new metals. Mining companies are exploring new techniques for recovering metals from electronic waste and used batteries, as well as using advanced recycling technologies to recover metals from obsolete products.

Challenges and opportunities for the integration of Artificial Intelligence in mining operations

The use of artificial intelligence and automation is also revolutionizing mining. Mining companies are using AI to improve the efficiency and safety of mining operations, reducing downtime and costs. Automation is also allowing mining companies to reduce the need for labor, which can reduce the impact on local communities and improve worker safety.

Artificial intelligence in mining:  renewable energy in mining
Artificial intelligence in mining

Technologies related to artificial intelligence (AI) have the potential to offer tangible benefits to mining companies, such as increased operational efficiency and improved health and safety conditions. However, some fundamental questions remain [4]:

What are the key challenges associated with the implementation of artificial intelligence in the mining sector? How can mining companies prepare for the adoption of this technology?

The report Future of Mining with AI: Building the first steps towards an insight-driven organization, produced by Deloitte in collaboration with NORCAT, is part of a series looking at how mining companies should begin to incorporate advanced technologies, the benefits they offer, and the potential for investment optimization with a view to becoming business-oriented. to the data.

Natural Resources, Wind Power, Clean Energy, and Climate Change: A Technical Overview

The world is facing a climate crisis, and the need for clean, renewable energy sources has never been more pressing. Wind power is one of the most promising solutions to this problem, as it offers a sustainable and environmentally friendly alternative to traditional fossil fuels.

Wind power is a form of green energy that harnesses the force of the wind to generate electricity. Wind turbines are used to capture the kinetic energy of the wind and convert it into electrical energy. Turbines consist of a rotor, which is connected to a generator, and a tower that supports the rotor and generator.

The wind causes the rotor to spin, which in turn causes the generator to produce electricity. Unlike fossil fuels, wind power does not produce greenhouse gas emissions or other pollutants that contribute to climate change. This energy also has a much smaller environmental footprint than other energy sources, such as coal or natural gas. According to the US Energy Information Administration, using wind to produce power has fewer environmental effects than many other energy sources.

The role of clean energy in economic growth

Another advantage of wind power is that it is cost-effective. The cost of wind power has steadily declined over the past decade, making it increasingly competitive with traditional fossil fuels.

According to the International Renewable Energy Agency , the cost of wind power has fallen by more than 60% since 2020, making it one of the most cost-effective forms of clean energy.

Wind power also has the potential to create jobs and stimulate economic growth. The wind power industry is a rapidly growing sector, with thousands of jobs created each year. Face some challenges. One of the main challenges is the intermittency of the wind and it depends on the availability of wind, which can vary from day to day and from season to season. This means that wind power cannot be relied on as a constant source of energy, and other forms of energy must be used to supplement it.

These challenges can be overcome with the right policies and technologies. As the world continues to transition to a low carbon economy, wind power will play an increasingly important role in meeting our energy needs and mitigating climate change.

Conclusion

With the help of new technologies, the mining industry is discovering new ways to extract critical minerals and metals in a more sustainable way, reducing the ecological impact of mining and creating new opportunities for growth and innovation. While there are challenges to overcome, the future of mining looks bright as the industry embraces renewable energy and sustainable practices.

[1] https://www.worldenergytrade.com/energias-alternativas/energia-solar/la-mina-los-bronces-de-chile-instala-innovadores-paneles-solares-flotantes

[2] https://www.agenciaandaluzadelaenergia.es/es/informacion-energetica/energias-renovables/energia-eolica

[3] https://www.power-technology.com/features/what-is-geothermal-energy/

[4] https://www2.deloitte.com/es/es/pages/energy-and-resources/articles/futuro-mining-artificial-intelligence.html

[5] https://energia.gob.es/REI/relaciones-energeticas-internacionales/organismos-internacionales/Paginas/agencia-internacional-energias-renovables.aspx

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