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Veolia eyes major growth from treating waste water from mining

  • Veolia Environnement (VE) CEO Antoine Frerot forecasts that the company's sales from treating waste water from mining and metals will double to €1.5B ($2.1B) by 2020. The market is seen rising to over €20B from €13-14B currently.
  • Veolia is targeting the mining and metals sector - the world's second-largest user of water - as part of a strategy to generate half its revenues from industry to offset falling margins and revenue at the company's municipal-water operations.
  • Around 70% of new projects at the big six mining firms are in areas that suffer from water shortages.
  • And Veolia reckons it can recover minerals from the waste water as well as treating it.
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