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By Hans W. Schreiber

Most geologic and mining engineering consulting firms* began to experience the recession with declining billing levels, number of inquiries, and proposal requests in late 1981 or early 1982. As of today, most of them have been functioning at reduced income levels for nearly a year. And while many consulting firms have apparently reached a stabilized income level, they can see little prospect for attaining normal (pre-late 1981) billing levels and income for the remainder of 1983. A few firms have escaped being affected by the recession. Such com panies almost without exception are small (fewer than 20 personnel), offer a limited range in technical capabilities, and tend to be highly specialized in a particular niche. They include those specializing in the heap leaching of precious metals ores, in ground water testing programs, and in the derivation of computer-aided programs to monitor particular mineral processing functions. Those firms affected by the economic downturn have instituted a variety of policies and undertaken actions to cope with significantly reduced incomes to bring fixed costs in line with the depressed demand for services. These changes fall into the following broad categories: • management and management practices; • markets and market definition; • marketing and the pursuit of assignments; and • administration and personnel relationships. Not all of the perceived changes have necessarily been instituted by every consulting firm, and any one appears sporadically instituted. Management and Management Practices In favorable times the managers, and often the owners of the equity, of consulting firms tend to concentrate their attention on the part of the business they find most satisfying and enjoyable. For some, this means acting as project or assignment leaders, even undertaking a specific technical aspect of the job. For others, it means constant marketing with the associated heavy travel and entertainment schedules. In unfavorable conditions, such as the current recession, managers tend to spread themselves far more thinly, expending time and effort on all facets of the business including marketing, proposal preparation and cost estimating, budgeting, general administration, accounting and cash flow monitoring, project/assignment overview, and actual client work. The manager who in favorable times concentrated on client work is now less billable. The manager who concentrated on marketing is somewhat more billable. The manager now needs to pay attention to and expend equal effort on each facet of the business just to keep all the facets in relative balance. Falling behind schedule on a client job or carrying an unduly large percentage of accounts receivable exact a cost to the firm. Clearly the absolute cost to the firm is the same whether demand for service is good or slack. But in periods of slack demand the firm is frequently less able or even unable to bear such costs. Marketing and Market Definition Markets appear to have undergone some significant changes: • Federal and state governments have assumed a greater importance as providers of work vis-a-vis both industry and private groups. • Projects with increase-in-capacity aspects have given way to projects with maintenance or reduced operating cost aspects. • Projects searching for new deposits of minerals in generally new locations have given way to projects reviewing known mineral districts or known deposits. • Industrial mineral and mining companies have exhibited a great propensity to cut back the use of consultants and to undertake as much work as possible in-house. Further-more, a number of industrial mineral and mining companies have entered the competitive arena with consulting firms, submitting proposals (usually to the federal government) in an effort to keep their staffs intact and occupied. In response, consulting firms have reevaluated their capabilities by reviewing old work and reassessing personnel. The purpose is to broaden the services offered and the potential client base, thus redefining the available market. For example, a firm specializing in assessment of technical and cost parameters of a deposit would normally assist a prospective lender in judging the deposit's suitability for project financing. That same company could easily expand into the field of analyzing production costs for an individual operation -something that is needed in periods when lower prices reduce profit margins. Similarly, a firm that has confined such economic assistance to commercial banks could expand to provide its expertise to other lending and even equity buying in-stitutions such as insurance companies. Marketing and the Pursuit of Assignments With few exceptions, consulting firms have significantly increased their

Jan 2, 1983

By Dan Brown

This paper presents a case study of a cyclic lateral pile load testing program performed on two 18-in square prestressed concrete piles (PSC) in Savannah, Georgia. The load test program was developed to simulate the lateral behavior of a single pile under seismic loading conditions for the design and construction of a large LNG storage tank. The lateral load tests included cyclic loading to measure possible degradation in soil response followed by static loading to large displacements (around 6 inches at the loading point). The lateral load was applied through a reciprocating jack positioned to push and pull the piles against each other. The test piles were instrumented with multiple displacement transducers, downhole inclinometer, and strain gauges. This paper provides an interpretation of the test results regarding the pile performance and soil response to monotonic and cyclic lateral loading. A backfitted computational model of the soil resistance was developed to match the test results using the LPILE computer program. The load-deflection and deflection/moment versus depth comparisons suggest that this model appears to capture the behavior relatively well within the general range of suitability for design purposes. New design curves were developed based on the soil parameters derived from the lateral load test results.

Jan 1, 2003

There remains considerable controversy in the industry regarding precision type detonators and where the end user can benefit from their use. In spite of the fact that electronic detonators and other prototypes were tested over one decade ago, explosive suppliers have hedged on full scale production for many reasons. Although some of the reasons were based on solid economics, others were strongly influenced by shear internal resistance within the corporate objectives, ultimate fear of market rejection, indecision as to what degree of precision was required and limited data on defining the real benefits to the end user.

Jan 1, 1992

By Stephen L. Chryssoulis, Stamen Dimov

"Preg-robbing has been known for many years, where increased losses are suffered because dissolved gold is removed from solution by adsorption onto carbonaceous matter. In direct cyanidation circuits it is reasonable to conclude that the preg-robbed gold is either in a gold cyanide [Au(CN) - 2, AuCN] or metallic [Au°] form. However, in circuits with a pre-oxidation step possibilities increase and multiply even further because of water recycle streams containing apparent and not-so-apparent gold ligands. It is in these circuits where speciation of sorbed gold, i.e. the identification of the gold compound, is useful. The importance arises from the fact that proper identification of the sorbed gold species can be used to determine how, when, where and why gold was removed from solution, thereby identifying the exact cause of the problem and providing clues as to how it may be rectified.INTRODUCTIONTo the best of our knowledge, this is the first attempt ever to speciate gold preg-robbed by carbonaceous matter using a surface sensitive microbeam technique. This approach enables the direct determination of gold species sorbed on carbonaceous particulates, opening an entirely new field in the understanding of the chemistry of gold sorption on carbon. The reasoning behind this effort was to add to the current knowledge of the detrimental effect chloride ions have on gold recovery by the pressure oxidation and in particular why in the ensuing CIL step, gold is not being desorbed from the surface of the carbonaceous particles (Table 1)."

Jan 1, 2004

By Gregory M. Molinda

Historically, miners have known that roof rocks originally composed largely of mud were prone to slaking and deterioration when exposed to water and humidity. Mine Safety and Health Administration (MSHA) records show that roof falls are more prevalent in summer and late fall. Field data shows higher bolt loads and increased room convergence in summer months. Laboratory data shows that very high internal pressures can be generated by significant strain in clay-rich rocks. In summer months humidities ranging from 70-100% can cause rock strains up to 7%, and rock pressures of 14,000 psi, more than enough to break apart weak shales and fireclays. The National Institute for Occupational Safety and Health (NIOSH) conducted wet/dry immersion cycling of clay-rich rocks. Results show that the rocks most prone to moisture deterioration are fireclays, claystones, and sandy shales, all of which have disrupted bedding. Of the 7 mudrocks with a weatherability index above 40%, none showed consistent fissile bedding. Black shales were surprisingly resistant to wet/dry water immersion cycling. Generally, mixed rocks (stackrock), typically susceptible to horizontal stress, are more resistant to moisture-deterioration. Mine roof rocks tested with moisture sensitivity ratings above 50% (moisture sensitivity index ranges from 0-100 with 100 being the most sensitive) all came from mines which had roof skin problems and used supplemental support to prevent rock fall injuries. Some roof rocks showed lateral variability of moisture sensitivity values, suggesting the need for more samples in highly varying roof rocks. Swelling strains of mudrocks showed that almost all of the swelling occurred in the first 24 hours after immersion. The wet/dry immersion cycling test used provides an accurate, quick and inexpensive method for estimating the moisture sensitivity of mudrocks. With this information mine operators can begin to anticipate hazardous ground and prepare appropriate roof support.

Jan 1, 2006

By Arun Vathavooran, Adrian Singh, Michael Fletcher, Rainer Imhof

The Imhoflot G-Cell, a new development in the pneumatic flotation technology (which incorporates centrifugal forces in the separating vessel) is a recent innovation in the mineral processing world. The G-Cell was invented by Dr Rainer Imhof and commercialised by Maelgwyn Mineral Services Ltd. In a short time span a number of plants and units have been successfully commissioned in the mineral processing industry. In addition, a number of industrial G-Cell flotation plants are in the process of construction for the purpose of coal preparation and environmental remediation. In this paper two industrial installations have been highlighted together with a pilot plant test programme investigating ultra fine flotation recovery for a base metal operation.

Jan 1, 2007

By Stan Merjan

Composite piles with precast concrete tapered pile tips (TPT Composite Piles - U.S. and foreign patents) are a new and important addition to the piling types available to the construction industry. TPT Piles were invented by Stanley Merjan, Vice President of Underpinning & Foundation Constructors, Inc.. U. F. C. installs these piles in the Northeast United States and licenses piling contractors in other parts of the country. TPT Piles have been developed for use in sandy subsoils at depths to 70 feet or greater. The TPT system (see Figure 1) is simple. A pile stem of conventional material (shell, pipe, steel, wood, precast concrete) is connected to a socket formed in a precast concrete tapered pile tip (TPT). This composite assembly is then driven as a unit by ordinary pile driving methods until adequate driving resistance (established by formula or load tests) is met in a suitable soil strata. This driving resistance develops from the displacement and densification produced by the TPT. Many combinations of tip shapes and stems are available to suit particular job requirements with respect to subsoil conditions and pile capacities. TPT Piles should be considered for use on a wide variety of jobs. The advantages offered by a TPT installation include: ? High capacity piles in marginal soils ? Minimal lengths required to produce these capacities ? The use of conventional pile driving equipment and procedures ? Pile inspection techniques that are the same as for ordinary pile driving Furthermore, TPT piles are economical due to a combination of a low cost per ton of pile capacity and high productivity, both of which lead to significant savings in foundation costs and time required to complete foundation work.

Jan 1, 1987

By William A. Beck

This report describes the loading and transportation practices employed at the zinc-lead mines of The Eagle-Picher Co., Jo Daviess County, Ill., and Lafayette County, Wis. The report also gives a brief history of the Illinois-Wisconsin zinc-lead district and the operations of the company in the area. The diesel-powered, rubber-tired loading and haulage equipment is described and illustrated from the operational point of view only, and an analysis is made of the materials-handling system without going into health and safety factors. The costs per ton of the various components of mechanical loading, underground haulage, underground crushing, and hoisting for fiscal year 1960 are tabulated.

Jan 1, 1964

A GREAT deal of attention has lately been given to the discussion as to the education required for engineers, and especially for mining engineers. The Institute of Civil Engineers has had a committee's report on it which has come to some interesting and valuable conclusions.The Institute of Mining and Metallurgy had a few years back a very long discussion on the subject, and the subject appears to be one of perennial interest to similar societies. Two recent addresses by Prof. Kernot, as president of the Victorian Instituteof Civil Engineers, are among the most interesting and practical of the contributions to the discussion. Engineers seem to feel either that the coming generation has not the same capacity to benefit by the training that has made themselves what they are, or that such training has turned out in themselves inefficient men, and that they must consequently struggle to obtain a better one for their successors. For not only is there a desire to extend existing instruction to cover the advances of science, but there seems to be a general desire also to make a completely radical change in the methods.It is not necessary to observe that education does not mean the imparting and acquiring of information, but rather the cultivation of the faculties so that the best use can be made of them and of any information acquired. For instance, a man is not educated who has by heart his lectures and the contents of his text-books, but that man is who remembers little of the actual wording of his text-books, but is able to find anything required in them...

Jan 1, 1909

By Sandeep Kumar Jeripotula, Govinda Raj Mandela, Aruna Manglapady

Dumper operators are frequently exposed to whole body vibration (WBV) in surface mines. Surface mining activities involve the amalgamation of comparatively high intensity of vibration and extended exposure durations. Efficient risk reduction mandates knowing of important phases of a task that poses a threat to health of dumper operators. So far in India very limited studies have been reported on WBV exposure with regard to surface mines. This paper evaluates WBV of dumper operators based on ISO 2631-1:1997 Standards and European Union (EU) Directive 2002 for different phases of job cycle. Six dumpers were considered for this study and the vibration measurements were made for all the four phases of the job cycle by placing the triaxial accelerometer on the operator’s seat-surface and at the seat-back, independently. The findings of the study revealed that the haulage task (loaded travel and empty travel) remains the chief contributor to vibration exposure according to seat-surface and seat-back measurements. Maximum frequency weighted root mean square (RMS) of 1.12 m/s2 and 1.09 m/s2 were reported for empty travel task for seat-surface and seat-back measurements, respectively. For seat-surface measurements based on RMS, Z axis remains as the dominant axis of vibration for all the dumpers during haulage task, whereas for seat-back measurements, the dominant axis varies between X and Y. Exposure action value (EAV) based on RMS has exceeded the threshold value of 0.5 m/s2 for all the dumpers during loaded travel and empty travel for seat-surface as well as for seat-back measurements.

By Jiann-Yang Hwang

Microwave heating has been proved an effective method to rapidly heat iron oxide. This offers an opportunity to apply microwave heating in the steelmaking process. The reduction reaction of iron oxide is traditionally achieved at high temperature with reducing gases such as H2 and CO generated from various sources, including coke, coal, and natural gas. This study investigates the differences in iron oxide reduction using conventional and microwave heating under H2 and CO atmospheres. A special microwave thermal gravimetric device was designed and built to facilitate the investigation. With this device, iron oxides can be heated by electric resistance heating, microwave heating, or a combination of methods. The incoming CO and/or H2 also can be preheated to simulate a potential utilization of recovered heat. The iron oxide weight and temperature can be monitored during an entire reduction period. A series of reduction experiments have been conducted. The results are presented and discussed.

Jan 1, 2006

By K. Swedburg, M. Samuels

"The New Afton concentrator was commissioned in June 2012, reaching the design milling rate in September 2012. By late 2013, through a campaign of optimization and de-bottlenecking, it was recognized that the installed plant was capable of greatly exceeding the design throughput of 11,700 tpd. Because the value of the metal contained (by increasing the plant feed rate) exceeded the offsetting losses of copper and gold recovery (as the operation moved to a coarser grind), the concentrator feed rate was strategically increased with support of New Gold, while the operations team was given a mandate to evaluate, and then implement, flow sheet options that could re-establish the original design criterion grind target and achieve the corresponding improved recovery. Broadly, the two options implemented were the addition of a tertiary grinding stage consisting of Metso Vertimill® prior to rougher flotation (in order to address the grinding required at increasing throughput by increasing the power), and the addition of three Woodgrove Staged Flotation Reactors (SFR) added to the cleaner circuit after regrind of the rougher concentrate (to address the increased mineral loading to the cleaner circuit). Through test work, it was anticipated that the SFRs would be capable of achieving final concentrate grade in a single pass without the integration of recirculating loads, a strategy sometimes referred to pre-cleaning. This paper describes the expectations generated for the Woodgrove SFR unit operation through pilot plant testing on site, and compares those results with the performance of the expanded circuit that exceeded the original design criterion of P80 160 µm, which was commissioned in the second quarter of 2015.INTRODUCTIONThe New Afton concentrator, located near Kamloops, BC Canada, commenced operation in June 2012. The mill achieved the design throughput of 11,000 tonnes per day average during the month of September 2012 and, following various operational optimization efforts (O’Hara et al, 2015), achieved the design p80 grind size of 160 µm at the design milling rate in July 2013.During August 2013, trials were carried out to determine the throughput rate limits of the mill circuits and to evaluate mill metallurgical performance at higher rates. Milling rates up to 15,500 dmt per 24 hours were achieved during this trial, demonstrating potential capability for sustained milling rates exceeding the nominal design capacity. As was expected, the higher milling rates resulted in a coarsening of the grinding circuit product size, and resulted in marginally lower recoveries in the rougher flotation circuit. Despite the lower recoveries, the higher milling rates resulted in higher metal production and the financial analysis favored running at rates of at least 13,000 tonnes per operating day, with the higher cash flow in the near term offsetting the value of metal production loss at the end of the mine life (due to the short term increase in the rate of reserve depletion). Milling rates were sustained above 13,000 tonnes per day through the second half of 2013, and increased above 14,000 tonnes per day by mid-2014 (Figure 1)."

Jan 1, 2016

By Woodcock J. T, Jackson N

Wattle Gully Gold Mines N.L. of Chewton, Victoria, has decided to replace its present battery plant by a new mill to treat a free milling gold ore, after fine grinding, by concentrating coarse gold in a jig concentrate for amalgamation, and fine free gold and auriferous sulphides in a flotation concentrate for cyanidation. This paper outlines the economic justification and advantages of this step. In a review of the present position at the mine, a history of the company is followed by a description of the ore and its occurrence.Present treatment practice in two separate battery plants is described. Treatment tailings assay 1 dwt/ton gold and a substantial part of this gold is finer than 200 mesh.Experimental work showing how recovery may be improved is discussed and alternative methods of concentrating coarse gold mentioned. It is decided that the most suitable method for recovering gold from the ore is by jig concentration plus flotation.The merits of various flowsheets incorporating these techniques in the existing plant and in a new plant are assessed. It is concluded that there is no advantage in extending or converting the existing two battery plants, and it would be more economical and satisfactory to build a new plant.An economic study shows that for a capital expenditure of £120,000 a new plant could be erected to treat 70,000 tons p.a., working a 5-day week, and return an additional 14.2/- per ton, or £50,000 p.a., in revenue over the existing plant. It is estimated the plant cost can therefore be recouped out of savings inside three years. Probable ore reserves are sufficient to cover this period and additional ore will certainly be developed.INTRODUCTIQNSince 1934, Wattle Gully Gold Mines N.L. has been mining a lode gold ore at Chewton, near Castleniaine, and treating it by stamp milling and plate amalgamation, plus table concentration of auriferous sulphides. In 1954, following two years of unprofitable operation, a rehabilitation programme of all sections of the mine and plant was commenced. In the treatment section, two, major prospects for improvement...

Jan 1, 1959

By Lifeng Zhang

The transport of fluid, heat ,and particles (bubbles and solid inclusions) in flowing molten steel is investigated in steel refining ladles, the continuous casting tundish, continuous casting mold and strand, and steel ingot casting processes. The two-equation k-?? model is used to simulate the turbulence. Multiphase fluid flow is numerically simulated with a Lagrangian-Eulerian approach, an Eularian-Eulerian approach and the Volume Of Fluid (VOF) method. The simulation can predict inclusion trajectories, inclusion removal fraction, free surface waves and other phenomena, which can be used to optimize these important metallurgical operations.

Jan 1, 2006

By experience we know about the natural event of ocean-tides. In geophysics we say that the earth-tides phenomenon is the elastico-viscous response of the earth's body to the attraction potential of moon and sun. By the fact that the tides on the planet take place in a regular periodic frequency, due to the earth rotation of 24 houres for one cycle, the rotation of the moon in about 28 days around the earth and finally to the rotation of the earth-moon combination around the sun in 365 days this phenomenon is a very important one in geophysics. The exact calculation of the acting forces is possible and the comparison of the earth's body response to these forces as well.

Jan 1, 1987

By K. Nasrallah

"The Dumont deposit is a large (1,179 Mt proven and probable reserve) low grade (0.27% nickel), nickel sulphide project located in the Abitibi region 25km west of Amos, Quebec. Royal Nickel Corporation acquired the project in 2007 and has since taken the project from a scoping study in 2010 through to completing the feasibility study in July 2013.The Dumont deposit in a nickel deposit with the recoverable nickel contained in three minerals; pentlandite, haezlewoodite and awaruite. The minerals are recovered by a combination of flotation and magnetic separation. Over the course of the studies many flowsheet design decisions and changes were made. This paper outlines an overview of the project, flowsheet design including the comminution circuit, desliming and awaruite recovery. The overall resulting flowsheet that was used for the feasibility study is then presented along with the confirmatory locked cycle testing that showed the feasibility design basis was able to produce the predicted concentrate grade and recovery.IntroductionRoyal Nickel Corporation (RNC) is a mineral resource company headquartered in Toronto, Canada, primarily focused on the exploration, evaluation, development and acquisition of base metal and platinum group metal properties. RNC's principal asset is the Dumont Nickel project (Dumont project) located in the established Abitibi mining camp, 25 km northwest of Amos, Quebec. RNC acquired a 100% interest in the Dumont property in 2007. The mineral claims covering the Dumont deposit are currently held 98% by RNC and 2% by Ressources Québec.The Dumont project is located in the province of Quebec in the municipalities of Launay and Trécesson approximately 25 km by road northwest of the city of Amos, 60 km northeast of the industrial and mining city of Rouyn-Noranda and 70 km northwest of the city of Val d’Or."

Jan 1, 2016

By E. Lammer

"Underground mining processes are dangerous. The design of mining equipment, which is able to cope with the hostile underground environment, is a challenge for all machine manufacturers. Presupposition for realizing the vision of SANDVIK for zero harm for working with SANDVIK equipment is the installation of the appropriate processes. Into the product engineering and product development processes of Sandvik Mining and Construction, a specific "Product Safety Process" has been integrated, where all safety related activities like identification of all life cycle hazards, risk management and safety verification / validation are planned, performed and documented. Product safety shall be „designed into" the products. Therefore, specific research activities have been started, to address the safety and health related topics for the development and for the engineering of SANDVIK mining machines."

Jan 1, 2011

By T. C. Page

The Yarnell gold depoSit, located in the Weaver mining district of Yavapai County, Arizona is found within a structurally controlled, hydrothermally altered zone that occurs within a 1700 Ma granodioritic intrusive. Both potassic and sericitically altered rock that occur around and above the low-angle northeast striking Yarnell fault are known to host economic gold mineralization; a wider envelope of weakly-propylitic alterred rock also occurs in this area. During mineralization, strong sericitization accompanied several stages of quartz ± adularia veining, stockwork formation, and localized silicification and potassic replacement, in association with deposition of specularite, pyrite (now oxidized), and gold. The footwall of the fault is also sericitically altered but poorly mineralized. Mineralization along the Yarnell fault continues both northeast and southwest from the main deposit although the thickness of the zone and associated alteration envelope diminish away from the orebody. A sample of undeformed illite taken from the Yarnell fault zone was K/Ar dated at 69 ± 1.6 Ma; this date reflects a minimum age for both mineralization and latest movement on the fault. Gold mineralization is accompanied by modest increases in Ag, As, Cu, and Mo content. Both CO2-and H20-rich fluid inclusions were studied and suggest mesothermal pressures and temperatures of formation for the deposit.

Jan 1, 1992

By Bret N. Lingwall, Byron Foster

The problem of reliable extreme event modeling of large diameter piles under enormous structural or kinematic loads has gained more attention in recent years. In particular, the soil response around the foundation and impacts to buried adjacent infrastructure has gained interest. One of the principal shortcomings with analysis of large diameter pile foundations under extreme event lateral loading is the reliance on conventional beam on elastic foundation methods, which do not model the soil field response around the pile. These methods are limited for large displacement problems, and for large diameter piles. However, the fundamental interactions between steel and concrete, and structure to soil are difficult to constrain, especially in large strain problems where the structural elements become inelastic. The non-linear interaction of the structural materials and soil is desirable so that assessment of stress changes in the field and effects on adjacent facilities can be modeled. A numerical modeling methodology that addresses these shortcomings has been developed. This method utilizes the interaction of brittle concrete with discrete steel reinforcing and casing in a robust manner capturing inelastic non-linearity in both soil and structure. This paper presents a comparison study of the method, wherein three different validation studies were made to data from full scale laterally loaded pile testing. INTRODUCTION Extreme event lateral loading of deep foundations comes in many forms including earthquakes, landsliding, tsunamis, hurricanes, surface fault rupture, liquefaction induced lateral spreads and many more. These extreme events induce loads on foundations far greater than service or strength loads. Perhaps the most dangerous extreme event loads are those of large soil displacements such as landslides, lateral spreads, and surface fault rupture, wherein the soil surrounding the foundations can move laterally 100 mm to 3 m! In these extreme event loading scenarios, small diameter foundations are pushed past their limits and many engineers prefer large diameter deep foundations for these situations. These deep foundations of diameter 900 mm or greater may be auger cast in place piles, cast in drilled hole piles, cast in steel shell piles, cased or uncased drilled shafts, bored precast piles, etc. For convenience in this paper, large diameter deep foundations will be referred to as Large Diameter Shafts (LDS). In LDS, steel may or may not used as a shell around the perimeter of the concrete and/or as internal tensile reinforcement. The interaction between brittle concrete and ductile steel within and/or along the perimeter of the LDS is critical to understanding the non-linear inelastic behavior of LDS for problems of large lateral displacements from extreme events.

Jan 1, 2018

By Hugo T. Dummett

I would like to share some observations about the mining business and place the ongoing discussion in the context of our changed world. The mining industry practices its trade in a universe defined by prices, laws and governments. Prices, as in what the industry is paid for what it produces, and the costs of goods and services. Laws that have to be transparent and fair. And governments that the industry prefers to be stable and supportive of the industry, and certainly not corrupt. However, the day-to-day realities of the mining business in 2000 are not what they were 10 years ago. Several events have occurred that have resulted in a less populated workplace that is obliged to work much smarter and faster. These include real declining prices for most mineral commodities; low and diminishing returns to company shareholders; massive restructuring of the industry through mergers, partnerships and alliances; gold’s changed role from reserve currency to just another commodity; the growing importance of native title and the startling imperatives of “sustainable development.” In addition, the “borderless world” now means that resource companies will need to pass the test of being responsible corporate guests who respect and enhance the social, moral and societal values of their host countries.

Jan 1, 2000