Ivanhoe Mines Ltd T.IVN

What Pakistan tells us about the future.

[Dragonflyinvest]

While floods in Pakistan do not represent a future decline in metal production, you might think of Pakistan as the canary in the mine in terms of impoverished nations dealing with climate change.  What we know is that extreme weather events will not only be more powerful and cause widespread damage, but they are expected to increase in frequency; and this is exactly what the population in Pakistan is experiencing and will likely be repeated in many other regions.

Two Years After Deadly Floods Hit Pakistan, It’s Happening Again

The crisis in the villages has been worsened by two consecutive years of poor crop yields, a result of damage to irrigation systems. Even though electric power has not been restored, villagers complain that they continue to receive electricity bills.
 
In Sindh, farmers typically grow two crops a year. They harvest rice and cotton in the fall and then start planting wheat around late October or November.
 
Maqbool Ahmed, a 55-year-old small landowner, was unable to plant wheat in 2022, as it took five months for the water to recede from his fields.
 
This year, Mr. Ahmed planted rice on only half of his land, fearing another flood. His fears were justified — the monsoon rains have once again inundated his crop.
 
“In this uncertain weather, landlords and farmers cannot cultivate anything,” he said. “It will only lead to more losses.” Mr. Ahmed, like many other farmers, has taken on crushing debt after their homes and farmland suffered damage.

Government reconstruction efforts have yet to fully repair the damage. Electricity remains scarce after the floods severely damaged the power infrastructure. Many people are living in makeshift tents near their destroyed houses, and children still lack access to education.”
 

Two Years After Deadly Floods Hit Pakistan, It’s Happening Again (msn.com)

1.  two consecutive years of poor crop yields
2. Infrastructure has been damaged and vital services have been disrupted, including the gas supply to several districts
3. 2022 disaster caused $30 billion in damage, 9 % country’s GDP
4. Electricity scarce after the floods damaged the power infrastructure