Climate Change Poses Disaster Scenario for Miners

Flooded railway lines and storms destroying open-pit mines are among the challenges mining firms will face in the future as climate change grips the planet.

Traders in weather derivatives say they’ve seen a surge in interest from mining companies to hedge against extreme weather.

Miners contribute to GHGs emissions by consuming large quantities of oil, gas and coal in their production processes.
Energy on average may account for up to one-quarter of total processing costs.

Planet Ark