GREY:NEVDQ - Post by User
Post by
Dragonflyinveston Aug 22, 2018 10:45am
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Post# 28498822
Water, water everywhere ... but not where we want it.
Water, water everywhere ... but not where we want it. Having previously had my posts on climate change denigrated as non-sensible babble perhaps they would also like to advise shareholders of Centerra to ignore the shut down of operations due to drought as unimportant and hardly worthy of notice.
"In the short term, there is a risk that throughput levels at Mount Milligan may need to be reduced in the fourth quarter of 2018 if, among other things, the Company does not receive regulatory approval to access these further groundwater and surface water solutions on its expected timeline; the flows from presently permitted or new sources are not as great as expected; dry weather conditions experienced in the first half of 2018 persist in the second half of 2018;
https://s3.amazonaws.com/centerragold/news/July2018/VPft9qqgVr0jnhvbpkox.pdf
I haven't researched Centerra's situation so I don't know if additional permits will resolve problem, however most understand that drought will become a more frequent feature as precipitation patterns alter, and that other mining operations will certainly be impacted in the future. We've already seen mine operations in southern Africa interrupted by loss of hydroelectric production. Those who still think of climate change as a non-issue or side issue will shortly be amazed as its impact become more fully and commonly experienced. Then disillusioned they will seek solace with, "Nobody saw this coming".
b.