15 May '11, 3am

Global consumption of natural resources may triple by 2050 unless drastic steps are taken: UN

Global consumption of natural resources may triple by 2050 unless drastic steps are taken: UN

This file picture taken on Dec 17, 2008 shows an aerial view of Oz Minerals' Prominent Hill copper and gold mine in South Australia. Global consumption of natural resources could almost triple by 2050, the UN said. -- PHOTO: AFP UNITED NATIONS - GLOBAL consumption of natural resources could almost triple to 140 billion tons a year by 2050 unless nations take drastic steps, the United Nations warned on Thursday. A UN environment panel said the world cannot sustain the tearaway rate of use of minerals, ores and fossil and plant fuels. It called on governments to 'decouple' economic growth from natural resource consumption. With the world population expected to hit 9.3 billion by 2050 and developing nations becoming more prosperous, the report warned 'the prospect of much higher resource consumption levels is far beyond what is likely sustainable.' A UN Environment Programme ...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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Gold futures up on global cues

sg.news.yahoo.com 20 May '11, 8am

New Delhi, May 20 (PTI) Gold prices rose marginally by 0.08 per cent to Rs 21,905 per 10 grams in futures trade today as s...