Though traditionally slow in adopting technological innovations, miners are increasingly adopting blockchains and smart contracts as a source of productivity and transparency gains.
For the Minerals Council of Australia, it is key that the resource industry understands the importance of implementing carbon capture and storage solutions.
The Australian miner released risk assessment results in response to pressure from a group of investors that requested information on facilities controlled by nearly 700 mining companies be disclosed.
According to a paper in Resources Policy, such compensation packages actively encourage managers to cut costs and increase production regardless of the risks associated with those decisions.