Innovation has become a hot topic in the mining industry once again. A report on the current state of innovation, by the Prospectors & Developers Association of Canada (PDAC) and Monitor Deloitte, is due out in the next few weeks. In April the Canadian Institute of Mining, Metallurgy and Petroleum invited Nathan Stubina, managing director of McEwen Mining, to speak at a luncheon on the subject. And of course, consultancies such as Deloitte and PwC have been warning for years that the industry needs fundamental change to survive.
This focus comes, ironically, after a decade or more of major companies slashing their capacity for research and development, as well as exploration spending.
Certainly, there are many examples of innovative ideas and technologies in the mining sector … However, it’s widely acknowledged that overall, the industry does poorly on innovation. …
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