[MCN] Add mining to industries threatened by climate change

[Lance Olsen]

The world's top mining companies warned on Tuesday that assets will 
be stranded and investors will walk away unless they deal with water 
scarcity in key mining regions such as Africa, Australia and Latin 
America.

After the hottest global year on record in 2016, water has shot up 
the agenda at mining board meetings.

"Investors say to us: 'don't talk to us about returns'; they want to 
know how we're managing water," Nick Holland, Chief Executive Officer 
of Gold Fields, said at an international mining conference in Cape 
Town

<http://www.reuters.com/article/us-africa-mining-water-idUSKBN15M26S>http://www.reuters.com/article/us-africa-mining-water-idUSKBN15M26S
Related:
<http://www.circleofblue.org/2016/world/unearthing-water-risks-global-mining-industry/>http://www.circleofblue.org/2016/world/unearthing-water-risks-global-mining-industry/
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"I have simply tended to be negative about booms," investments guru 
Marc Faber told Asiaweek magazine in a February 2001 interview, 
because booms "easily turn into bubbles that become bigger and go 
bust." 
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In a July, 2001 editorial, The Economist said that "It is no 
coincidence that the deepest and most protracted recessions in recent 
decades have taken hold in countries that experienced booms ..." 
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That same month, Barron's columnist Gene Epstein said easy money 
"helps bring boom and bust in the first place" by throwing money at 
"unsustainable projects."









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