Why Australia needs exploration (Business News WA)
- By: John P Sykes
Posted in: Blog, Exploration, Media, Mineral Economics, Mining, Publications, Recommended, Strategy
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Yesterday I had a co-authored article with Allan Trench published on Business News Western Australia entitled “Why Australia needs exploration“. The article outlines the business case for minerals exploration, even in a minerals industry downturn, when there is apparently a surplus of minerals and metals.
In short the aim of minerals exploration is not to add ‘more’ incremental supply accentuating the short-term business cycle, but to find ‘better’ mineral deposits of long term strategic value, which replace lower quality present day mines, and thus enable companies to ride through the cycles of the industry, with high quality, long life mines.