Despite its lucrative future as an industry, it can’t be denied that coal mining is a naturally risky sector. In Kestrel, for instance, the site has been supplying coal-related products to different parts of the world. However, it also has issues on work-related injuries and environmental concerns. Nevertheless, the site is still in operation, which is a clear indication that the operators managed to address the specific aspects that could keep it in operation. What are these aspects? The following are the five important ones:
- Environmental Impact and Sustainability
Coal mine operators need to consider how the site is going to affect the environment. In Kestrel Coal, for instance, the operator has set up a resource management plan in place. This ensures that the company has plans on how best to preserve and protect the forest, wildlife, and water resources of the area. The operators also look into the waste management, making sure that the operations’ by-products are disposed well, if not recycled.
- Social or Community Involvement
As the Kestrel site continues to operate, managers should also actively create projects for the local residents. These projects might include environmental awareness, resource management, and land rehabilitation. Projects like this can help the local community cope with the effects of the mining activity. Some mining companies even provide research grants and scholarships to students to help them find ways to make the operations more sustainable. See here at Kestrel Coal
- Worker Safety and Health
The health and wellness of coal miners on the ground is also a priority. At Kestrel, there are regular health assessments and checkups for the miners. Following the Australian government’s mandate on worker health and safety, the operators are obliged to give miners the right safety gear and equipment to do their job effectively. Having an on-site medical first aid team is also part of worker health and safety measure. With this, operators can address emergencies promptly, making sure no lives are lost on-site.
- Government Assessment and Reporting
Government and industry certifications are also needed for a mining site to continue its operations. Newstan, Anglo Coal Drayton Mine, and Kestrel, for instance, are required to undergo regular inspections to see the safety of the site and its miners. Operators should also submit a detailed report on the site’s accident rate, miner attrition rate, equipment use, and profitability.
- Worker Compensation
Lastly, mining companies, such as Kestrel Coal, are also known to attract and keep their talented workforce through attractive compensation plans. In fact in Australia, professionals in the mining industry are the highest paid professionals. On top of their take home monthly pay, miners also receive generous leave credits and bonuses each year. Many mining professionals with managerial role even receive financial support for their accommodation and transportation.
Mining sites, such as Kestrel, who’ve managed to look into these factors consistently and effectively thrive. And they’re able to leverage the industry’s profitability. By focusing on these core factors, operators can see the performance of the site in relation to its main stakeholders – the miners, the local community, industry regulators, and the government.