MEMS Meeting Focuses On Economic Globalization Of Mining

Political events during the past decade have caused businesses throughout the world to think globally. Countries once closed to free market enterprises are now open and seeking out foreign investment to help improve the well being of their populations. The mining industry has always been a global one. Today, though, the industry has become even more global. The driving forces behind this include the opening up of higher grade, lower cost mineral deposits in undeveloped and developing nations. In addition, permitting delays in the United States, coupled with stricter environmental guidelines and a general anti-mining attitude, have forced the mining industry to look outside US borders. The Mineral Economics and Management Society (MEMS) took as the theme of its seventh annual professional program "Economic Globalization of the Mining Industry." About 100 people attended the conference held in Arlington, VA in late March. Speakers included members of the investment community, academia, government and the mining industry.