4 major sustainability challenges
1. Unearthed copper deposits are locked up in remote and difficult locations
2. Many proposed projects face public opposition
This includes major projects such as Resolution Copper in the US, Pebble in Canada, Tampakan in the Philippines, and Frieda River in Papua New Guinea.
Public opposition towards these and other large-scale copper projects means they could face difficult legal battles before these projects are permitted to go ahead.
3. Future copper mines are projected to be lower grade and deeper
4. New copper mines will likely be located in politically and ecologically sensitive areas
Our research from 2019 found 65% of copper ore bodies that haven’t been mined are in areas with high water risk: too little water means miners compete for it among other local water users, and too much means waste can be difficult to contain.
Almost half (47%) of these ore bodies occur on or close to Indigenous peoples’ lands, and 64% within or near areas critical to biodiversity conservation. 50% are in socially and politically fragile countries, such as the Democratic Republic of Congo.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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