Mining companies stand to benefit from circular economy – lawyer
As the circular economy grows, it poses a major risk for mining companies, because, essentially, it means that people are reusing the same products over and over, thereby using less of the raw materials mined by mining companies, Webber Wentzel environment and natural resources partner Garyn Rapson points out.
Mining companies can, however, survive amid an increasing drive towards the circular economy if they listen to their customers.
There is also potential benefits to operationalise the circular economy, he says.
In doing so, mining companies will “be the winners” in the eyes of consumers in terms of the metals and materials they produce.
This will be key, he adds, since mining companies that operationalise the circular economy will be ahead of the curve as the global economy moves into a world post the Fourth Industrial Revolution.
However, he urges mining companies to seek proper regulatory advice and ensure approvals are in place.Article Enquiry
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