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MINING INDUSTRY EVENTS

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The Online Global Mining and Minerals Library Site
March 2014
Volume 66    Issue 3

John O. Marsden: An interview with the 2014 SME President

Mining Engineering, 2014, Vol. 66, No. 3, pp. 30-30


PREVIEW:

What do you consider to be the major challenges facing the mining industry during the next couple of years?

We have lived through a period of strong metal pricing during the past eight to 10 years. Copper has been hovering in the range of $3-$4/lb during much of the past eight years, averaging close to $3.30/lb. Gold increased steadily from less than $300/oz levels in the early 2000s, reaching almost $1,890/oz in the third quarter of 2011, before tempering back down to the $1,200-1,400/oz range in 2013. Iron ore prices started to rise in 2005 before the staggering increases experienced in 2008-2010, reaching almost $190/metric ton in early 2011. During the past four years, iron ore prices have ranged from $100-180/t, averaging approximately $140/t.
 



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