In This Review

Trouble in the Third Kingdom: The Minerals Industry in Transition
Trouble in the Third Kingdom: The Minerals Industry in Transition
By Simon D. Strauss
Mining Journal Books, 1986, 227 pp.

The author's lifetime in mining gives this book its authority, and the clear prose and good examples make it accessible to the layman. The combination provides excellent descriptions of the fundamentals of the world mining industry and analyses of what it has gone through since the early 1970s, and why the forecasts of the 1950s and 1960s proved so wrong. Looking ahead, Mr. Strauss sees no escape from the problems connected with unstable prices, high capital requirements combined with long waits for returns, and slow adaptation of supply to often rapid changes in demand. He believes there may be some improvement in cooperation between governments and private multinational mining companies. But "a certain forecast one can make about the future of the mineral kingdom is that it will continue to experience change." Survival depends on being able to adapt.