To commit a billion dollars or more to a venture which might only show a return on investment 10 years from now is a tough decision which prompts tough questions:How great is the mineral deposit? Once exploration has found a mineral deposit worth...
The rewards in mining can be high, but so is the risk. Starting a new mining venture is a long and arduous journey, and there are many reasons why it could fail."It takes an average of 12 years between...
Supply and demand: we all know how this works. If there’s too much of something (whether bricks, maize or tomatoes), there’s a glut and the price goes down – because the product is so easy to get that people...
An easily understood feature of corporate taxation is that you only tax a business once it is making a profit. But what do you do if it takes several years before the business makes a profit? It easily takes 7-10...
Outside of the aerospace and defense industries, mining is arguably the most capital-intensive business in the world. You have to move a lot of earth to get at the mineral-bearing ore, and this requires complex structures, equipment, vehicles and heavy...
Step 1 Ore is taken out of the groundHoles are drilled in the ground (if it’s an open-pit mine) or in the rock-face (if it’s an underground mine), and explosives are placed in them to blast it open. The resulting...

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