MANAGEMENT

Miners running out of ore, or not?

The minerals industry is a non-renewable business – all mines have a finite life. To meet future demand, the resources industry needs to find and develop new projects at a rate that both allows for resource replacement as drawdown of inventory occurs and for growth in demand as further industrialisation and urbanisation occur.

Keenan Jennings and Richard Schodde
Miners running out of ore, or not?

The task confronting the industry is immense. Based on a compound annual growth in world metal demand of 2-3% per annum, mine production in 20 years’ time will need to be 50-80% higher than it is today...

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