Balancing Labor and Capital: A Global View

The mining industry is in the midst of dramatic change. Mining activities are moving from industrialized first world countries (Canada, Australia, and the United States) to the third world. This shift is occurring due to depleted reserves, tough environmental standards, and expensive labor in traditional mining countries. During a recent trip to South Africa, I was asked, owing to my educational background in economics and an international involvement in drilling and blasting, what changes could be anticipated in third world blasting practices as labor costs increase. It is from that beginning that this presentation has evolved.