How climate change policies affect the mineral industries

By IM Staff
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 costs. 

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. 

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