Circularity goal
We will drive the shift to more circular business models and use of resources, finding ways to close loops and generate new revenue streams from the processes and materials we use.
Making progress
- Our innovative process of producing manganese wear parts for cone crushers uses more than 90 percent recycled steel as raw material.
- We purchase customers’ used cemented-carbide inserts, drill bits and rock tools and recover them into tungsten carbide powders and new tools. The combined recycling rate for our carbide products and steel tools was 67 percent 2022.
- Our Reborn concept reduces material usage and waste generation by restoring or upgrading customers’ old mining or crushing equipment.
Waste reduction
We need to reduce our waste to 160 ktons to achieve a 50 percent reduction by 2030. The table and graph show the reduction of waste for 2016–2021.
| 2016-2018* | 2019 | 2020 | 2021 |
|---|---|---|---|
| 320 | 334 | 326 | 352 |
*Average value
In 2021, our waste amounted to 352 ktons, an 8 percent increase. The increase was attributed to major waste haulages and increased activity levels.
The dotted line is an indication of how well we are in line with the 2030 targets, meaning we are not on par with the requirements to achieve the target.
We have excluded tailings from our mine operations and slag from our steel manufacturing, amounting to more than 80 percent of the total waste, since our ability to impact these volumes is limited. The target is adjusted for structural changes.
