start here

start here

The Daily IKN email digest, get all daily posts sent to you next day (& no ads)

I say things on Twitter

7/22/08

Checked your water bill recently?


How would fifty million dollars for water affect your household budget?

That's what water licences are now fetching in the North of Chile, a place where the abundance of copper is offset by a near total lack of water. This article in Chile's Diario Financiero goes into the details, but numbers like paying U$100,000 per litre-per-second of water are pretty mind boggling. There's a whole new industry of water finders springing up in the area, as deep wells are still substantially more economical to use than desalination/pumping plants (apparently).

Big regional copper miner Antofagasta (ANTO.L) recently annouced that cash costs per Lb copper would soon be touching $2.00. With water costs shooting through the roof, it's not really surprising.