The Role of Science and Technology in the Future of the Iron Ore Industry

Recent demand pressures for iron ore should not distract from the longer term view that intense competition in the industry has demanded technological innovation of a high order. There is a long track record of successful innovation underpinned by a solid base of scientific research and knowledge. By comment on recent developments in trucks, comminution and direct smelting, this paper suggests that innovation is still a key attribute of the industry. The spending of the minerals industry on underlying science, however, is not particularly high. By looking at other industries we can ascertain that for step change technologies, it is particularly advantageous to have a solid base of science and technology underpinning developments.