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World faces 'terrifying' future if miners, regulators don't step up - Newcrest

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Regulators urgently need to fast track approvals for new mines and the renewable energy projects to power them to ensure the supply of minerals essential to averting climate change, gold miner Newcrest's interim head said on Thursday.

A view of the BHP Billiton's Escondida, the world's biggest copper mine, in northern Chile, in Antofagasta, Chile March 31, 2008. REUTERS/Ivan Alvarado/File Photo

The mining industry needs to bring online the equivalent of 17 more Escondidas, the world's biggest copper mine, by 2050, to meet demand projections, she said as an example of the scale of the problem.

 

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