Strategic Drivers Of The Mining Industry: From Enclave Production To Industrial Clusters - 1. Introduction

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 12
- File Size:
- 104 KB
- Publication Date:
- Jan 1, 2007
Abstract
The objective of this paper is to analyze the evolution of the strategic drivers of the mining sec-tor over the last half century, which has been guided by a varying and expanding list of motivations. While companies cannot survive for long unless they are making profits, the strategic drivers of the industry have gone far beyond profits since at least the mid-1970s when environmental concerns began to be taken seriously. For the most part, these forces have followed global trends and public opinion, but they have been shaped and magnified by the significant, often dominant role that the mining sector plays in many economies. While the mining sector used to be primarily motivated by the first pillar of sustainable development -i.e. the economics pillar-, in the 1970s the second environmental pillar became an important factor in decision making, and in the 1990s the third social pillar emerged as a major driver.1 The entrance of new strategic drivers has also had considerable impact on technological and organizational developments in the mining industry; however, technological changes, driven by cost reduction considerations, have in turn impacted the strategic drivers of the industry, resulting in the need for further technological and organizational developments.
Citation
APA:
(2007) Strategic Drivers Of The Mining Industry: From Enclave Production To Industrial Clusters - 1. IntroductionMLA: Strategic Drivers Of The Mining Industry: From Enclave Production To Industrial Clusters - 1. Introduction. Society for Mining, Metallurgy & Exploration, 2007.