Mining industry must satify society’s increasing need to resource new energy future – Newmont CEO

Newmont President and CEO Tom Palmer has said the mining industry is tasked with satisfying society’s accelerating need to resource the new energy future, while mining safely and sustainably.

“Not just because society expects it, but also because our workforces will demand it”, Mr Palmer said last week when he delivered a speech at the 26th annual World Mining Congress in Brisbane, Australia.

During the speech, Mr Palmer discussed how the emerging global megatrends ofsocietaltransformation, technological change andgeopoliticalturbulenceare impacting the mining industry now and will continue to do so well into the future.

He said “the exponential acceleration oftechnological change,particularly in artificial intelligence and long language models, requires that we temper these game-changing technologies with tried and truehumanwisdomandrobust social process, translated into people-centric, values-based decisions to responsibly govern and harness these transformational digital innovations”.

And thirdly,“geopolitical turbulence, often driven by internal demographic changes, migration, deepening political polarisation, and economic anxiety, is complicating relationships within governments, and between governments, while triggering never-seen-before cracks in the foundations of well-established societal institutions”.