The Role and Philosophy of Management

"I ASSUME that any effort on my part to deal with the question of the importance of the mining industry is going to be largely an exercise in preaching to the converted, but there are one or two aspects that I'd like to particularly mention.The first is that, in terms of almost all factors, the mining industry is a very important industry in Canada. It is important in terms of employment in relation to the gross national product of Canada and it is particularly important in the international trade of Canada. So far from being insignificant domestically, it is also an extremely important factor in the international picture. That's an important point to bear in mind, because as we talk about all the other matters we never can lose sight of the fact that mining management always has to be conscious of its international competitive position. It is something that one forgets at one's peril, and to a somewhat greater extent than is true of many other industries, those managements have to compete in an international context for their markets, to some extent for their people for specialized skills and of course for finance. In the evolution of domestic policies it is a very, very perilous step to take to impair that competitive ability of the domestic mining industry."