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The History of Mining: The events, technology and people involved in the industry that forged the modern world by Michael Coulson

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The Future for Mining

Over the last decade or so there have been moments when the gloom over the future of the global mining industry has been close to impenetrable. Along with agriculture, hunting and forestry, mining is arguably the oldest economic activity known to mankind, and as we have demonstrated in the pages of this book its history spans many millennia. However, from time to time it gets written off as a sunset industry, with a future where financial returns will be modest indeed and where profitability will be driven by cutting costs to improve operating margins. To use the modern jargon, mining has no pricing power.

Of course over the last few years this view has been turned on its head and commentators suddenly see a golden future ...

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