This new reality led nearly every major miner to commit, back in 2021, to becoming carbon-neutral at their own operations over the next two to three decades and to develop roadmaps to achieve such a goal.
“Most striking was Rio Tinto’s pledge to spend $7.5 billion to halve its own emissions by the end of this decade,” White & Case’s report reads. “The scale of the investment to future-proof its business rather than drive immediate shareholder returns shows just how seriously the industry is taking it, but also the scale of the costs involved.”
In addition to cutting emissions, miners are placing increased focus and spending on energy transition materials, with 31% of respondents venturing into this realm, up from 6% last year. In fact, major firms are increasingly looking to take stakes in junior miners sitting on forward-facing commodities such as copper, nickel and lithium.
In the view of the experts at White &…
