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Challenges Facing the Mining Industry

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Friday, July 1st, 2011

The past decade has seen an increasing number of challenges faced by large mining companies worldwide. Can Israeli Defense technology help solve some of them?

Australia’s thriving resources sector is the country’s largest single export sector. Resource commodities including coal and iron ore made up around 40 per cent of Australia’s exports. The minerals and petroleum industries produced over 8% of Australia’s GDP. Australian coal, liquefied natural gas, iron ore, copper, diamonds, zinc and many other minerals provide the essential ingredients of growth for many nations.

The past decade has seen an increasing number of challenges faced by the large mining companies worldwide. There is a focused debate on the need to shift modern mining to a more sustainable framework to be environmentally friendly. Other challenges faced by the mining companies are the effect of the mine on the Communities next to it, Geological issues, Manpower OH&S and Geopolitical concerns.

Most experts agree on the way to shift mining towards a long term sustainable future is through the implementation of new strategies and technology to better deal with the challenges.

Although Israel has no significant mining industry, except for the mines in the Timna Valley (North of Eilat) that have been actively mined by humans since the times of King Solomon, Israel’s current positioning as a center for advanced Technology is well known worldwide, and slowly being acknowledged by the mining industry. Innovative technology is important, but Israel also has a long and successful track record of commercialization from the formation of IP (Intellectual property), through to establishing a start-up, (with significant cooperation between academia, incubators and Government support) and then onto a flourishing mature profitable company.

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