Resource Localism: How Globalisation is Driving Resource Companies to Deliver Sustainable Benefits and Manage Risks Locally
Resource development was once a straightforward process. A geologist would explore for a deposit, prove out the resource, and seek funding for its development. They would then spend time, money, sweat and tears, to get a geological model, engineering design and license to develop the resource. The resource industry got very good at developing resource projects in this way. Initially at home, and increasingly abroad, this approach worked. Where projects failed, it was for technical or economic reasons.