Much of the mining industry is made up of technical people. Geologists are quasi-scientists, mining engineers are quasi-engineers, metallurgists are quasi-chemists… Most of the critical roles in mining tend to have a technical background.
Probably because of this, we always gravitate towards understanding the technical opportunity a project provides. How can we find more ore, or how can we process it better, cheaper, or in bigger quantities?
Probably because of this, we always gravitate towards understanding the technical opportunity a project provides. How can we find more ore, or how can we process it better, cheaper, or in bigger quantities?
Often we have been guilty of focusing most, if not all of our energy and resources, on unlocking the geological, or engineering or metallurgical potential of a project. This means that often, we have ignored the non-technical opportunity or importantly the risk present.
In a world where society, in general, is becoming more environmentally conscious, more aware of corporate social responsibility and more questioning of the role or value proposition an industry like mining has to play, it is more common for the non-technical aspects of mining development to ultimately torpedo projects and companies. Every CEO or MD says that their community loves them, that their regulators love them. If that was true, why are there so many projects stalled because of community or environmental concerns?
In this episode, we speak to Tony Reda from Tectonic Metals Inc. (TSX-V:TECT).
Tony is trying to create a company where the non-technical opportunities or risks are just as critical a pillar in the company as identifying the technical opportunities present. They are trying to do the right thing as early as possible. Tony joined us from his home in British Columbia to talk about what challenges he faces in trying to create such a company.
Until next time. Keep exploring.
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