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Productivity in mining
The mining industry spends very little on research and development for innovation compared to other sectors, especially on mining and processing methods. In fact, the last major investment in process technology was back in the 1970s when mining was booming and the Australian mining industry invested in gold extraction process
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Mining companies will estimate how much gold remains at each mining project they operate. These can be split into two categories: reserves (gold that is economic to mine at the prevailing gold price); and resources (gold that will potentially be economic to mine, subject to .
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