Open Source Prospecting: Difference between revisions
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Opening up the prospecting process in mining to participants outside the company. | Opening up the prospecting process in mining to participants outside the company. | ||
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"McEwen's willingness to open-source the prospecting process not only yielded copious quantities of gold, it introduced Goldcorp to state-of-the-art technologies and exploration methodologies, including new drilling techniques, and data collection procedures, and more advanced approaches to geological modeling. This catapulted his under-performing $100 million company into a $9 billion juggernaut while transforming a backwards mining site in Northern Ontario into one of the most innovative and profitable properties in the industry." | "McEwen's willingness to open-source the prospecting process not only yielded copious quantities of gold, it introduced Goldcorp to state-of-the-art technologies and exploration methodologies, including new drilling techniques, and data collection procedures, and more advanced approaches to geological modeling. This catapulted his under-performing $100 million company into a $9 billion juggernaut while transforming a backwards mining site in Northern Ontario into one of the most innovative and profitable properties in the industry." | ||
(http://www.businessweek.com/innovate/content/feb2007/id20070201_774736.htm) | (http://www.businessweek.com/innovate/content/feb2007/id20070201_774736.htm) | ||
See our case study on [[Goldcorp]] | |||
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[[Category:Encyclopedia]] | [[Category:Encyclopedia]] | ||
[[Category:Open]] | |||
Latest revision as of 06:00, 31 July 2008
Opening up the prospecting process in mining to participants outside the company.
Pioneered by Goldcorp and described by Don Tapscott in his book on Wikinomics
Example
"McEwen's willingness to open-source the prospecting process not only yielded copious quantities of gold, it introduced Goldcorp to state-of-the-art technologies and exploration methodologies, including new drilling techniques, and data collection procedures, and more advanced approaches to geological modeling. This catapulted his under-performing $100 million company into a $9 billion juggernaut while transforming a backwards mining site in Northern Ontario into one of the most innovative and profitable properties in the industry." (http://www.businessweek.com/innovate/content/feb2007/id20070201_774736.htm)
See our case study on Goldcorp