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Mineral exploration represents the highest risk of all—risk of failure is great and the cost is high. Even the successes must be followed by capital-intensive long-term, high-risk operating investments. Investments to bring exploration discoveries into production may range in the tens of million dollars.

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1.1.6 Beneficiation Although metallic ores contain elevated levels of metals, they generate large quantities of waste. For example, the copper content of a good grade copper ore may be only one quarter of one percent. The gold content of a good grade gold ore may be only a few one-hundredths of a percent. Therefore, the next step in mining is

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Gold Beneficiation: Route to Sustainable Development Paul Jourdan President and CEO, Mintek Beneficiation forms one of the three legs to a resource-based technology strategy. The other legs include developing high-tech inputs into the minerals sector and the lateral migration of products initially intended for the mining sector into other sectors.

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