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- 01 Aug
Most Disadvantageous Lottery in the World
Noosa Mining and Exploration Conference, 2017. According to Adam Smith – the father of Economics, and obviously no fan of mining – the search after new mines is “perhaps the most disadvantageous lottery in the world.” (from “The Wealth of […]
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- 12 Apr
Mining Economics and Technology
Excerpt from a presentation to the International Mining Congress and Exhibition of Turkey, April 2017 Technology allows things to be done that were previously not possible to do. For example: the analysis of the complex interaction between multiple trucks and […]
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- 27 Mar
The Knowledge Problem
Excerpt from the paper: Economics, Technological Change, and the Knowledge Problem. Faster computers allow us to process more data, and to carry out more analyses than has been possible up until now. But every problem to be solved includes […]
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- 05 Jun
Will we be able to afford commodities in the future?
We are always exploiting the easiest reserves of everything – coal, oil, gas, copper, or any other commodity. As these reserves are exhausted won’t the cost of extraction from new deeper, more complex deposits increase substantially? Will we be able […]
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- 05 Jun
Exploiting the World’s Non-renewable Resources
If you mine and burn some non-renewable resource – oil, gas, coal – to run your car on, or make electricity with, are you unfairly exploiting the world’s resources to the detriment of future generations? This is a common perception. […]
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- 07 Mar
Is the Boom already becoming a Bust and are we Prepared?
This paper is a shortened form of a public lecture in May-2012 by Ian Runge at the invitation of the University of Queensland School of Economics. The objective was to examine the state of the (then) current resources boom, and […]
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