Peak Minerals in UTS Business 21C

25 Mar 2010

The March edition of Business 21C, the business magazine produced by the University of Technology, Sydney, has featured recent work by researchers at the Institute for Sustainable Futures and Monash University. This article provides a broad overview of the issues and implications of peak minerals for Australia

"Most forecasts assume that more production delivers more wealth and is therefore inherently preferable. They tend not to focus on the long-term beneficiaries of this wealth (shareholders, governments, local communities) or on the environmental and social costs that may accompany these profits. As resources become scarcer and ore quality declines, price rises can offset the increasing financial cost of accessing lower-grade ores. But what about the environmental and societal costs? Are there ways to innovate sustainable business models beyond the ‘dig more, sell more’ approach?"

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