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R&D prospects in the mining and metals industry

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  • Filippou, Dimitrios
  • King, Michael G.
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    Abstract

    The mining and metals industry is considered more-or-less technology mature as it spends less than 1% of its revenues on R&D. In the period 2003-2008, that sector saw a very significant increase in profitability. Yet, during the same period, mining and metals companies continued to trim R&D spending, a trend that started in the early 1980s. In the near future the mining and metals industry will face significant challenges including an increased demand from the developing world counterbalanced by an overall trend to lower ore grades and with high pressure to reduce energy consumption and carbon dioxide emissions. To overcome these challenges, the mining and metals industry will likely face the need to considerably increase its R&D efforts. As the world enters a period of economic uncertainty, the sector will need to revise its approach towards R&D, reconsider its position against collaborative research with academia and other institutions, and be more creative when it comes to R&D funding.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0301420711000237
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    Bibliographic Info

    Article provided by Elsevier in its journal Resources Policy.

    Volume (Year): 36 (2011)
    Issue (Month): 3 (September)
    Pages: 276-284

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    Handle: RePEc:eee:jrpoli:v:36:y:2011:i:3:p:276-284

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    Web page: http://www.elsevier.com/locate/inca/30467

    Related research

    Keywords: Mining Metals Research and development;

    References

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    1. Upstill, Garrett & Hall, Peter, 2006. "Innovation in the minerals industry: Australia in a global context," Resources Policy, Elsevier, vol. 31(3), pages 137-145, September.
    2. Humphreys, David, 2010. "The great metals boom: A retrospective," Resources Policy, Elsevier, vol. 35(1), pages 1-13, March.
    3. Humphreys, D., 2001. "Sustainable development: can the mining industry afford it?," Resources Policy, Elsevier, vol. 27(1), pages 1-7, March.
    4. Bartos, Paul J., 2007. "Is mining a high-tech industry: Investigations into innovation and productivity advance," Resources Policy, Elsevier, vol. 32(4), pages 149-158, December.
    5. Mudd, Gavin M., 2010. "The Environmental sustainability of mining in Australia: key mega-trends and looming constraints," Resources Policy, Elsevier, vol. 35(2), pages 98-115, June.
    6. Bartos, P. J., 2002. "SX-EW copper and the technology cycle," Resources Policy, Elsevier, vol. 28(3-4), pages 85-94.
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