Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
MIRARCO Mining Innovation, a research arm of Laurentian University, has received over $390,000 from the Canadian federal government to support research into ground stability.
The research will focus on discrete fracture networks (DFNs). By understanding how engineered structures in mines respond to such stimuli, falls of ground can be reduced, making mines safer.
The funding will be supplied by the NSERC (Natural Sciences and Engineering Research Council of Canada) through its Alliance program. This initiative supports academic and industry partnerships to generate new knowledge and apply it.
The research is supported by project partners Iamgold (TSX: IMG; NYSE: IAG) and the Nuclear Waste Management Organization. Iamgold is providing financial and in-kind support.
The five-year research program will be led by MIRARCO’s research chair and professor in the Bharti School of Engineering at Laurentian University Dr. Ming Cai. University of British Columbia as well as Laurentian will be represented.
(This article first first appeared in the Canadian Mining Journal)
