This concept of sustainable mining in eastern India is not a practice, but it is an absolute necessity at the epicentre of East India where there are massive deposits of iron ore and other precious minerals. This area has a lot of natural resources and is considered one of the richest regions in terms of its contribution towards the Indian economy.
According to reports, India produced 277 million metric tonnes in FY24, which shows an increase of 7.5% compared to the 2022-23 fiscal year when 258 million metric tons (MMTs) were produced, indicating abundance in mineral reserves within the country. However, authority comes with a tremendous deal of responsibility. It is becoming increasingly important for mining and minerals companies in India to place a greater emphasis on environmentally responsible mining operations.
The Essence of Environmentally Responsible Mining
Sustainable mining in eastern India is an approach that encompasses numerous dimensions, with the goal of finding a balance between growing the economy, protecting the environment, and ensuring that everyone has equitable opportunities. This is a discussion of the process of extracting minerals in a way that not only ensures the long-term viability of the mining industry but also contributes to the preservation of natural equilibrium and offers aid to communities that are situated in close proximity to mining sites.
- The Management of the Environment
Environmental stewardship is a crucial part of sustainable mining, though it is often neglected. This involves applying measures that reduce environmental damage, such as reducing carbon emissions, conserving water and rehabilitating mined-out land. For instance, the use of state-of-the-art technology can help in cutting down on the carbon footprint left behind by mining activities. This approach is gaining popularity among Indian mining and minerals companies.
- Responsibility to Society
The Social responsibility principle forms another foundation of sustainable mining. Mining enterprises have a duty to work hand in hand with communities where they operate, ensuring respect for their rights and promoting community development through various initiatives. In Eastern India, companies engaged in sustainable mining participate in community development programs that include providing employment opportunities for locals as well as education and healthcare facilities, among others.
- Economic Viability
Lastly, for it to be pursued sustainably, mines must be economically viable. This means ensuring that benefits from mining are shared equally amongst all stakeholders, including government and affected people directly or indirectly through companies involved in mining operations, etc. Additionally, this calls for investments in technologies and practices that result in more efficient, less environmentally damaging ways of conducting mine operations.
Final Thoughts
Mining that is sustainable is an evolution that the mining sector needs to make, particularly in countries that are abundant in resources, such as India. Mining and minerals companies in India have the opportunity to secure a sustainable future for themselves if they embrace methods that ensure environmental stewardship, social responsibility, and economic competitiveness. Naaraayani Minerals is prepared to provide these businesses with solutions that are in accordance with the principles of sustainable mining. This will ensure that the extraction of precious minerals makes a beneficial contribution to the economy, society, and the environment.