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Assignment Task :
MAJOR ASSIGNMENT
1. Select a mining operation, anywhere in the world.
2. Identify at least three key technologies which are critical to the success of that operation and the mining methods employed.
3. Analyse and discuss the technologies you have identified, in terms of the questions posed during the course (what is it used for, alternatives (previous and future), and impact of the technology in all areas, other issues/needs created).
4. Develop a general economic model for the mining operation, incorporating the technologies chosen. Select at least one of the technologies (preferably one which involves labour cost savings) and produce an alternative economic model, either for the previous method of operation, before the technology was introduced, or for a new replacement technology. Use the two economic models you have, to demonstrate the value of the technology change.
5. For the economic model you have developed, you will have assumed a typical labour cost structure, relevant to the part of the world where the operation is located. Now, assume a quantum change in labour cost structure (either double or halve, depending on your operation). Show how this affects the value of the technology changes in your mining operation.
6. Discuss the relevant management needs associated with the above technology changes (risk, audit etc).
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