From Orbit to Sustainable Operations: [Innovate UK Backs] AUYAN and MAKOR RESOURCES Harnessing Space Tech to De-Risk and Drive a Sustainable Mining Future
Summary
The industry finds itself at a crossroads, seeking innovative ways to meet the worlds resource demands while minimizing its impact on the environment and the local communities, fostering responsible mining practices and guaranteeing sustainable development. "Project Sensr360 provides stakeholders with near real-time data on land use and degradation, deforestation, water resources and contamination sites, migration and movement, infrastructure development, safety measures, illicit activity and permit registration to aid in determining the quality of potential investments and in monitoring various ESG and CSR initiatives and efforts. "The solution has potential for rapid growth and scalability, as it covers large territories and can be easily adapted to different geographic regions and regulatory environments", stated Leroy.Until recently, very high-resolution satellite imagery, advanced data collection, and cutting-edge analysis tools have been exclusive to leading players in the mining industry, given their extensive capabilities. "According to a report published by the World Economic Forum, its estimated that using satellites to track changes in water, land, vegetation, and construction could unlock more than $2 billion a year in benefits for Africa alone. Earth observation with remote sensing has the potential to be one of Africas most valuable assets, helping to tackle water scarcity, coastal erosion, deforestation, food security, and illicit movement of people and products.The alignment with global Sustainable Development Goals (SDGs) positions Project Sensr360 as a key tool in promoting responsible investments and industry practices, advancing sustainable development in rural communities and combating climate change.This solution provides stakeholders across the value chain with detailed insights and in-depth analysis to make informed investment decisions, ensure compliance with regulatory standards, promote responsible sourcing of minerals and mitigate potential risks.