Metals & Mining: Water pressure
Environmental and social concerns are hardly new for miners, but they are set to intensify. Water scarcity is likely to be a particular pressure point.
For miners, water supply and run-off is a big issue
â€" with the potential to throw an entire project
off course. The Minas Conga copper and gold mining project in
Peru is stark evidence of this. Intense public protest pushed
miner Newmont to halt construction of the mine in 2011. Now the
company is taking what it describes as a
â€œslower, water-first approachâ€
to the extraction. Conga may be a high profile example of the
potential cost to miners of managing water resources. But it is
representative of a broader trend. Moodyâ€™s
estimates indicate water...
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