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New mining frontiers: from the ocean floor to space
New mineral deposit discoveries are declining, as is the ore grade. Therefore, identifying viable new mines and determining the economic feasibility of extracting a known resource is becoming increasingly difficult. This has led to a shift to more underground mining and remote deposits, resulting in longer haul distances and labour costs. There have also been years of underinvestment, which means that exploring opportunities for capital expenditures—and identifying suitable projects for execution—will be crucial for cost-cutting measures. The future of mining is rapidly evolving, and new frontiers are opening ... (full story)