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Mining Urges Financial Engineering Amid ESG Challenges
COAL & MINING

Mining Urges Financial Engineering Amid ESG Challenges

Industry stakeholders delve into the complexities of the mining sector, emphasizing the necessity for robust financial engineering amidst challenges posed by Environmental, Social, and Governance (ESG) compliance.

Jyoti Prakash Gadia, Managing Director of Resurgent India, a key player in providing financial consultancy to the mining sector, emphasized the importance of financial engineering in navigating the volatile nature of commodity markets. He highlighted the impact of ESG compliance norms, which have led to a significant decline in external investments, urging for strategic financial planning to sustain operations.

ESG compliance has deterred external investments in the mining sector, leading to a substantial decrease in equity and debt influx. Mining companies are increasingly reliant on internal accruals to sustain operations, stated Gadia.

Gopal Kalyanakrishnan, Managing Director-Sales of TAKRAF India, stressed the sector's commitment to environmental responsibility, focusing on minimizing the ecological footprint and rehabilitating mined areas. He underlined the industry's efforts to mitigate environmental impact and restore previously mined sites.

N. Franklin Jayakumar, Director of South Eastern Coalfields Ltd, highlighted ongoing rehabilitation measures at the Gevra mine, showcasing the industry's commitment to sustainable practices.

As the mining sector assumes a pivotal role in India's economic growth trajectory, technology solution providers are stepping in to optimize operations. Ranajit Sahu, Managing Director (Mining) at Accenture in India, emphasized the integration of business and digital strategies for transformative outcomes.

Dinesh Singh, Managing Director and Lead, Chemical and Natural Resources at Accenture in India, emphasized the potential of Artificial Intelligence (AI) in revolutionizing mining operations, including drone-based solutions and video analytics.

Amit Gupta, Director-Infrastructure, Energy & Material at Dassault Systemes, highlighted the role of virtual twin solutions in optimizing resource utilization, minimizing environmental impact, and ensuring regulatory compliance.

Efficiency remains paramount in the mining industry, with M Sasikumar, GM-Commercial at ExxonMobil Lubricants Pvt Ltd, underlining the role of energy-efficient oil products in maximizing equipment performance.

The discussions underscored the imperative for innovative strategies, combining financial prudence, technological advancements, and environmental stewardship, to navigate the evolving landscape of the global metals and mining sector.

Industry stakeholders delve into the complexities of the mining sector, emphasizing the necessity for robust financial engineering amidst challenges posed by Environmental, Social, and Governance (ESG) compliance. Jyoti Prakash Gadia, Managing Director of Resurgent India, a key player in providing financial consultancy to the mining sector, emphasized the importance of financial engineering in navigating the volatile nature of commodity markets. He highlighted the impact of ESG compliance norms, which have led to a significant decline in external investments, urging for strategic financial planning to sustain operations. ESG compliance has deterred external investments in the mining sector, leading to a substantial decrease in equity and debt influx. Mining companies are increasingly reliant on internal accruals to sustain operations, stated Gadia. Gopal Kalyanakrishnan, Managing Director-Sales of TAKRAF India, stressed the sector's commitment to environmental responsibility, focusing on minimizing the ecological footprint and rehabilitating mined areas. He underlined the industry's efforts to mitigate environmental impact and restore previously mined sites. N. Franklin Jayakumar, Director of South Eastern Coalfields Ltd, highlighted ongoing rehabilitation measures at the Gevra mine, showcasing the industry's commitment to sustainable practices. As the mining sector assumes a pivotal role in India's economic growth trajectory, technology solution providers are stepping in to optimize operations. Ranajit Sahu, Managing Director (Mining) at Accenture in India, emphasized the integration of business and digital strategies for transformative outcomes. Dinesh Singh, Managing Director and Lead, Chemical and Natural Resources at Accenture in India, emphasized the potential of Artificial Intelligence (AI) in revolutionizing mining operations, including drone-based solutions and video analytics. Amit Gupta, Director-Infrastructure, Energy & Material at Dassault Systemes, highlighted the role of virtual twin solutions in optimizing resource utilization, minimizing environmental impact, and ensuring regulatory compliance. Efficiency remains paramount in the mining industry, with M Sasikumar, GM-Commercial at ExxonMobil Lubricants Pvt Ltd, underlining the role of energy-efficient oil products in maximizing equipment performance. The discussions underscored the imperative for innovative strategies, combining financial prudence, technological advancements, and environmental stewardship, to navigate the evolving landscape of the global metals and mining sector.

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