By Deepak Malhotra
Contemporary graduates in addition to pro expert engineers usually come across events the place discussions are held which are counterintuitive to the logically knowledgeable engineering brain. different affects, whether or not they be monetary, social, cultural, environmental, or simple outdated stubbornness by means of a person larger up the chain, can occasionally overrule the logical decision-making approach. Politics of Mining: What they do not educate You in class explores nontechnical matters that experience a massive influence within the mining industry-issues that the majority engineers do not examine in class.
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Extra resources for Politics of mining : what they don't teach you in school
Electronic edition published 2009. • Number of employees • Earnings and cash flows • Commodities produced • Number of mines, operations, offices • Geographical focus • Exploration or acquisition oriented — Operational style • Conservative or aggressive • Proactive or reactive • Promotional or low profile • In-house or outsourced functions Company policies and politics — Organization • Is there an organization chart? • Who is my boss? • What is my job? • What is my authority and responsibility? • Who are my peers?
Poor Comprehension of the Entire Project Scope An expansion on the lack of continuity mentioned above is the lack of overall understanding of the magnitude of a project, the components required to make a successful project, and the steps or paths that need to be covered to bring a new project to construction. It is often assumed that all the geological, geochemical, and geophysical data—and only these types of data—are generated in the exploration–research conception of a project. The engineering designs and subsequent data are then built and generated in the development stage based on the existing geological knowledge.
In addition, Newmont has restructured its compensation systems to bestow bonuses more closely aligned with site and SBU performance, with a lower percentage related for corporate objectives. Denver-based staff will continue to be compensated relative to corporate objectives. In essence, Newmont operates under the Model C format with regard to SBUs but with a core consulting function. CONCLUSION Management models differ between mining companies. ) However, one size does not fit all. Each individual company has its own issues combined with its historic culture, which has determined the appropriate model for it to follow.