Project Maturity Analysis in the Mining Sector

Project Maturity Analysis in the Mining Sector

Copyright: © 2019 |Pages: 16
DOI: 10.4018/978-1-5225-5864-4.ch010

Abstract

In this chapter, the authors present a case study with the objective to evaluate the results of the same in the mining sector, one of the sectors in the economy with more relevant complex projects around the world and in which one can easily apply all of the pillars as discussed during the presentation of the model. To better give the reader an understanding about the idea, the authors first introduce the sector and then perform and present the results of the investigation over this case. In order to calibrate the proposed model, the authors decided to apply it by checking at the end if the result achieved was closer than what they imagined for the company.
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The Mining Sector

The History of Brazil is closely related to the search for and exploitation of its mineral resources, which have always contributed important inputs to the national economy, as part of the territorial occupation and national history. According to Wagner et al. (2002), the mineral sector accounted for 8.5% of GDP in 2000, that is, 50.5 billion dollars generated 500,000 direct jobs and a balance of trade of 7.7 billion dollars. an average annual growth of 8.2% in the period 1995/2000.

Brazil, according to the DNPM (2006), due to its privileged geodiversity and continental extension, occupies a prominent position due to the recognized comparative advantage of its international class deposits and mines, positioning itself competitively in the international market of mineral commodities market, with Australia, Canada, China and South Africa, competitors holding large mineral reserves.

The history of Brazil in terms of mining is extremely complex. According to Germani (2002), the first mining works were the gold mines, obtained in a mine known as Mina da Passagem, in Mariana, in 1819, by Baron de Echewege. Then, other mines were opened, the main one being the Old Mine of the Saint John Del Rey Mining Co. in Nova Lima in 1834 in Minas Gerais. The two mines mentioned above, and considering Mina Velha de Morro Velho, were, at the time, symbols of the use of technology and were considered worldwide references.

At that time, due to the lack of specialized tools, everything was considered to be very rudimentary. Most of the time, pointers and sticks were used, and in some cases even homemade gunpowder in rock drilling:

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