INSTRUCTOR: If you can't
grow it, you must mine it.
If you consider the different
ages of civilization,
it's typically a product
that comes from mining.
So we have the Stone Age, the Iron
Age, the Bronze Age, the Nuclear Age.
They all reflect mineral commodities
that have been extracted, mined,
and used by mankind.
BILL MARMION: Right from
the beginning of time,
mining has been the
catalyst of progress.
BRYAN MAYBEE: It's a dynamic industry
that is becoming global in nature.
GUILIO CASELLO: It requires work,
and it requires intense work.
LAURENCE DYER: Trying to make money
out of processes that aren't always
going the way you want them to.
ALLAN TRENCH: It's a little
bit like lotto tickets.
The average outcome is not very good.
Some outcomes are absolutely phenomenal.
INSTRUCTOR: Welcome to
The Business of Mining.
In this course, we'll take you
through the life cycle of a mine,
from exploration, planning,
operation, to final closure.
It will cover the elements that
form the business of mining.
MALE SPEAKER: About 111,000 people
work directly in the mining industry.
ROBERT DURAND: What we see
is the wonderful intersection
of psychology and finance.
LAURENCE DYER: The fundamental science.
MALE SPEAKER: Geophysics.
FEMALE SPEAKER: Geochemistry.
MALE SPEAKER: Legislation
and regulation.
FEMALE SPEAKER: Building
and commission modelling.
MALE SPEAKER: The assset
information management.
MALE SPEAKER: Drilling programs.
MALE SPEAKER: Infrastructure planning.
FEMALE SPEAKER:
[? Native ?] [INAUDIBLE].
MALE SPEAKER: Engineers
and mine planners.
MALE SPEAKER: Talking
to local communities.
INSTRUCTOR: After this
course, you will understand
the factors that influence
the business of mining
and the economic decisions
that are made daily
in what is a fluctuating industry.
