Miners’ profits face an unusual foe: extreme weather

Miners’ profits face an unusual foe: extreme weather

Summary :

It is an unusual situation for companies that have experience operating anywhere in the world, include miles underground and at the tops of mountains and in places where temperatures often range from 100 degrees Fahrenheit (38°C) to 0F (minus 18°C).

But the first part of 2022 saw the mining industry – parts of which have long faced criticism for how coal production affects climate patterns – contend with a raft of weather-related incidents entirely outside its playbook.

Water is essential in copper production, used abundantly to separate the mineral from its ore and in subsequent steps.

Earthworks, an environmental group that tracks the mining industry, said mining companies must do more to fund infrastructure improvements amid the changing climate.

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