INNOVATION AND CREATIVITY
TYPES OF INNOVATION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fluctuating mining commodity prices
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The UT Group portfolio is dominated by the mining industry
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There are other industries that can provide high revenue as well
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All the answers above are correct
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Detailed explanation-1: -Mined materials are needed to construct roads and hospitals, to build automobiles and houses, to make computers and satellites, to generate electricity, and to provide the many other goods and services that consumers enjoy.
Detailed explanation-2: -There are four main mining methods: underground, open surface (pit), placer, and in-situ mining.
Detailed explanation-3: -Climate, Social and Environmental Pressures Mining contributes a significant amount to global greenhouse gas emissions and miners are under increasing pressure to decarbonize their operations. ‘’The mining sector itself will also face pressure from governments, investors, and society to reduce emissions.
Detailed explanation-4: -Open-pit, underwater, and underground mining. These are the three main methods of mining we use to extract our products from the ground. In this Digging Deeper article, we take a look at these different methods and provide a glimpse into what each involves.