In this paper we investigate the management of the mineral exploration business, focusing on precious and base metal exploration. We define exploration and discovery (E&D) as the research and development (R&D) of the mining industry, and draw comparisons from R&D in other industries. We stress the need for innovation and leadership among exploration geologists and exploration managers, who need to understand clearly that exploration is a business, competing for funds from the investment community and from the dwindling number of major mining houses.
The mining industry, which comprises the mineral exploration, extraction, and processing sectors, is a relatively small part...
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