How climate change policies affect the mineral industries
Published: Thursday, 28 June 2018
Climate change policies have long been part of the conversation in the EU, which set strong 20% reduction targets for 2020, but as Vasili Nicoletopoulos* discusses, the push to go green has had an impact on the mining industry worldwide.
Energy is one of the most significant cash expenses for
mines, contributing to approximately 30% of total operating
That cost is expected to increase sharply over the next
decade, driven by a confluence of volatile fossil fuel prices,
carbon taxation and falling average ore grades.