The case for innovation in the mining industry has never been more compelling. Whether you believe the industry is in a sharp dip in a significant 'sawtooth' cycle or in the midst of a bust - the imperative is the same. Despite record profits and still above-average prices compared to the lows of 2000, the industry is struggling to make profits and provide the returns on capital that investors are seeking. This represents a large-scale destruction of value over the last 15 yr.
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