The Future of Mining

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The period 2002 to 2012 not only saw the global mining industry’s biggest ever decade of capital investment as companies rushed to supply China’s burgeoning steel-making, manufacturing and construction sector, but also other fundamental changes in the industry. Consolidation and globalization of the industry accelerated; the productivity and cost discipline of the 1990’s was obliterated by freewheeling spending on production growth; and the technologies transforming other industries started to impact exploration and mining. Further to this, the mining industry began presenting itself – to investors, prospective workers and leaders, and governments – as an industry of the future.

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