In my quest to see all “geology” movies (no matter how cheesy or inaccurate!), I finally watched Gold (2016). This film hits closer to home for me than some other geo-movies, like Volcano, The Day After Tomorrow, or the heart-wrenching Impossible, since I live and work in Vancouver. This city is home to more junior exploration companies that any other so I occasionally mix with slightly similar characters and understand the games they play!
In Gold, Matthew McConaughey plays Kenny Wells, a sleazy, drunken “prospector desperate for a lucky break”. His exploration/promotion business, inherited from his father, looks for gold deposits, and hopes to find investors willing to pay to develop them into mines.
The company goes downhill after his father passes away, and the ragtag crew take up office in the local tavern, spruiking small, pitiful projects to gullible investors between swigs of beer and whiskey. One day, Wells hears that a geologist, Michael Acosta (played swarthy Edgar Ramirez), may be sitting on a literal gold mine in the uncharted jungle of Indonesia and travels to the project.
To reverse a decade-long decline in productivity, mining and metals companies need to implement whole-of-business solutions to recover lost ground. Increasing profits will be achieved by finding and retaining the best talent to build relationships with communities and stakeholders, and to see these sweeping changes through.
A risky business
Declining productivity, allocation of capital and social licence to operate have been identified as the top three risks to mining and metal businesses by Ernst and Young (EY) in their Business risks facing mining and metals 2014-2015 report released this week. (more…)
This week, the Initiative for Responsible Mining Assurance (IRMA) released a draft Standard for Responsible Mining for public comment, designed to improve social and environmental performance at mine sites. (more…)
Exploration and mining companies are better known for enormous holes in the ground and environmental disasters than their social and environmental efforts, but the industry is leading the way when it comes to increased corporate social responsibility (CSR).
Unfortunately they still have an image problem!
Many companies are struggling to communicate the social and environmental progress they have made as they carry out the necessary business of resource extraction. And they are confusing the very people they are trying to impress in the process – local communities. (more…)
Mines use billions of litres of water each year but with one billion people without clean drinking water and 2.5 billion lacking access to basic sanitation worldwide, doesn’t it seem preposterous to pour clean water down a mine?
Sending undrinkable domestic waste water and sea water to mine sites is a promising solution.
Seen as an expensive hobby 20 years ago, 3D printing (see refresher below) has now firmly established a reputation as the future of manufacturing. But there is enormous potential for this technology during mineral extraction too. So what are the applications for 3D printing in mining here on earth?
Recently I went searching for blogs about exploration and mining written by the companies themselves. The result? Slim pickings.
While there are thousands of blogs talking about exploration, mining, commodities, investment, minerals, resources, mergers & acquisitions… there are very few written by the explorers and miners themselves. (more…)