Making ad Reasonable Business out of Mining under Various Challenges While Keeping Pace with Technology and ESG Requirements

Abstract

Mining in India since the Stone Age has been beautifully captured by many historians, portraying its magnificence from an archaic art to gradually evolving into scientific extraction methods. Post-independence, with consideration of economic importance, the mining sector is identified as the primary sector. Categorically mining in India is regulated, socially driven by local habitats, pandered by politics, marred by gender discrimination, impacted by climate ignorance and highly labour intensive. As minerals are the source for the genesis of the primary secondary, tertiary, and quaternary evolution of finished goods the importance of mining has been consumed by humans today more than ever. Minerals being non-replenishable, and their occurrence being geographically distributed has created a divide amongst the nations for their economic prosperity. However, subsequent Industrial Revolutions in the 21st century have brought back the importance of sustainable mining with a focus towards creating value in mining activity through technology infusion for mass production, building the safety of man and materials, generating a circular economy in the mining value chain, adapting controlling measures towards environmental impact, bringing social equality, and creating robust governance models.