"Minesite" A Basis For Mineral Resource Planning (Getting The Rock In The Box Isn't Like It Use To Be)

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 22
- File Size:
- 1193 KB
- Publication Date:
- Jan 1, 1974
Abstract
The business of mineral exploration and development has become much more than simply a problem of locating orebodies and designing mines. Favorable economic analysis of mining and processing feasibility is no longer sufficient to justify the development of a mine. New laws, enacted by virtually every level of government, require comprehensive land use planning, environmental analysis, mineland reclamation, mine safety studies, and many other considerations. This profusion of new laws says in effect, that the mining company is no longer responsible only to its stockholders. Mineral development today can be compared to a partnership. As in all partnerships, the risks and liabilities as well as the benefits are held jointly by all the participants. In addition to the mining operator, this partnership consists of the public, through its many levels of government, interest groups, and individual citizens. Therefore, you'd better know your partner very well - his responsibilities and capabilities. Mining is considered a high risk venture. The risk on the part of the operator and the lending institutions has long been recognized. The risk that the public and its government take in these mining ventures has now been recognized also. The people and their government have learned that they inherit, through abandonment or forfeiture, the mistakes and problems of individuals and companies regarding these natural resources. In looking through the "Mining Engineering Handbook" recently published by the Society of Mining Engineers, I noted that in their discussion of liability for excavations, the authors quoted from the book of Exodus, 20th chap., where Moses said to his people: "When a man leaves a pit open, or when a man digs a pit and does not cover it, and an ox or an ass falls into it, the owner of the pit shall make it good; he shall give money to its owner, and the dead beast
Citation
APA:
(1974) "Minesite" A Basis For Mineral Resource Planning (Getting The Rock In The Box Isn't Like It Use To Be)MLA: "Minesite" A Basis For Mineral Resource Planning (Getting The Rock In The Box Isn't Like It Use To Be). Society for Mining, Metallurgy & Exploration, 1974.