Changes in the mining sector in recent years are related to global policies and green commitments against climate change. On top of that, some unexpected new factors are added. A new division was created during the pandemic and the Russo-Ukrainian War. As a result, the world order continues to evolve. In line with this, drastic changes began to occur in the countries’ raw material strategies and supply chains. The direction of this change can be seen in the largest gathering of miners that took place amid the shifting paradigm that is changing the lifestyle of everyone around the world, and one that may cause many consequences in the future.
It is the PDAC (Prospectors and Developers Association of Canada) annual international investor conference organized by the Canadian Association of Prospectors and Miners that took place in Toronto on June 13-15. PDAC has been the format that defined the direction and development model of the global mining industry. In that sense, the 90th session focused on new policy approaches in the field of exploration and production. After discussing green transition, clean energy, raw materials that are in demand, and environmentally friendly mining solutions, countries’ with footprints in the mining industry presented their policies and agendas. Mining companies reaffirmed their contribution to reducing greenhouse gas and introduced green solutions in mineral exploration and production. However, from the presentation of the countries, it was visible that countries are making efforts to reduce dependence on raw materials at all levels and develop domestic production. In addition, the vision and ambition of the leading mining countries were more directed towards critical minerals. A careful take on these projects with high investment was reflected in the presentations. An incredible amount of money is being committed to critical mineral exploration. In essence, the shape of the future will be determined by whoever invested more to gain time and influence in the mineral industry.
Although Mongolia’s mining industry rarely had anything to show off, it went to PDAC for the 25th year and promoted changes in the country’s mining policy and projects for these “trendy” metals. On this occasion, the Minister of Energy Yondon.G said that he is striving to keep up with the world’s trends by saying, “We will coordinate exploration activities with the demand for raw materials such as battery chargers, clean energy, and electric vehicles, which are a global need.” The announcement of the first blasting in the Oyu Tolgoi underground mine is an interesting coincidence of events, while the supply and demand of copper, which is a leading metal in the green transition, was discussed as the main topic of PDAC. Read the details of all this in the report prepared by Mining Insight journalist Odjargal. E who covered the event in Toronto. In the editorial office of the most recently founded magazine, We had the opportunity to attend the world’s largest mining conference and expo and report on the process from there. Together with Mining Insight, a total of 7 journalists representing Mongolia’s media industry covered PDAC 2022. In 2020, the Mongolian Council for Sustainable Development and Social Responsibility Council NGO started a program to empower journalists with the support of “Oyu Tolgoi” LLC, which included economic and parliamentary journalists.
At the final stage, the implementers of the program have successfully fulfilled their goal of participating in key meetings in the field of mining abroad, providing on-thespot reporting and instant broadcasting. In addition to covering the PDAC session, the journalists got to know some Canadian mining and media organizations and industries, met with professionals and heard the sound opinions of independent researchers and experts. On a side note, we would like to inform our readers that Mining Insight Magazine will work as a news media partner for next year’s PDAC. We are delighted to see this expansion in our mission to reach out to a wider area to bring the best selection of mining news to our readers.
