The value of incentive payments in the mining industry

The value of incentive payments in the mining industry by K. SMITH, A.R.S.M., B.Sc. (London) (Member) This paper reviews the history of incentive payments in the mining industry, and gives some indication of the magnitude of improvement that has been achieved by this means in the past. The objective is to promote a more general belief in the efficacy of these methods, and thus to encourage their wider and more effective application by mining engineers in general, and by the rising generation in particular. It is concluded, from a consideration of current productivity levels in the gold-mining industry (still South Africa's leading revenue earner), that further substantial improvement can be achieved by a better understanding of the time-tested principles of incentive payments.