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--></style><title>Add mining to industries threatened by climate
change</title></head><body>
<div>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.<br>
</div>
<div>After the hottest global year on record in 2016, water has shot
up the agenda at mining board meetings.<br>
</div>
<div>"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<br>
</div>
<div><a
href=
"http://www.reuters.com/article/us-africa-mining-water-idUSKBN15M26S"
>http://www.reuters.com/article/us-africa-mining-water-idUSKBN15M26S</a
></div>
<div>Related:</div>
<div><a
href=
"http://www.circleofblue.org/2016/world/unearthing-water-risks-global-mining-industry/"><span
></span
>http://www.circleofblue.org/2016/world/unearthing-water-risks-global<span
></span>-mining-industry/</a></div>
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"I have simply tended to be negative about booms," investments
guru Marc Faber told<i> Asiaweek</i> magazine in a February 2001
interview, because booms "easily turn into bubbles that become
bigger and go bust." <br>
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In a July, 2001 editorial,<i> The Economist</i> 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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<div><font face="Bookman Old Style" color="#000000">That same
month,<i> Barron's</i> columnist Gene Epstein said easy money "helps
bring boom and bust in the first place" by throwing money at
"unsustainable projects."</font><br>
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