IRON ORE is a very important product for the modern economy. The processes involved in the mining and transportation and transportation of iron ore are impressive, but very capital and energy intensive. Responsible mining is critical for both society and the environment.

1. MULTI DIMENSION IMPACT ACCOUNTING
File: MDIA-p3-12-IRON-ORE-mining-and-transport-150707.odp Peter Burgess (c) All rights reserved
MDIA
IRON ORE
MINING AND TRANSPORT

2. MULTI DIMENSION IMPACT ACCOUNTING
WORK-IN-PROGRESS.
SLIDESET STILL IN DEVELOPMENT.
UPDATES WILL BE POSTED OVER
THE NEXT SEVERAL WEEKS

3. IRON ORE … essential to a modern
industrialized economy
MULTI DIMENSION IMPACT ACCOUNTING

4. ... and a big industry extracting
about 3.2 billion tons of IRON ORE
a year (2014)
MULTI DIMENSION IMPACT ACCOUNTING

5. MULTI DIMENSION IMPACT ACCOUNTING
Production of Iron Ore by Country

6. MULTI DIMENSION IMPACT ACCOUNTING
Production of Iron Ore by Country

7. MULTI DIMENSION IMPACT ACCOUNTING
Production of Pig Iron by Country

8. MULTI DIMENSION IMPACT ACCOUNTING
Production of Steel by Country

9. … but MINING is an industry that
needs to face up to many very big
ISSUES that are critical in the modern
world where PROFIT alone is an
inadequate measure of performance.
MULTI DIMENSION IMPACT ACCOUNTING

10. ISSUES …
Mining has a big IMPACT on the
PLACE where the mines are located,
including:
… Displacement of PEOPLE
… Degradation of the LAND
… Pollution of the WATER
… Degradation of the INFRASTRUCTURE
MULTI DIMENSION IMPACT ACCOUNTING

11. MULTI DIMENSION IMPACT ACCOUNTING
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Gold Mining in Peru

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Gold Mining in Papua, New Guinea

13. ABANDONNED MINES …
Eventually a resource is depleted and the mine
is abandoned … it can no longer make profit
for the owner.
But the mine still continues to exist and in
most cases will continue to be a source of
pollution.
The cost of remediation typically falls to
society at large rather than the former owners
… which is unreasonable.
MULTI DIMENSION IMPACT ACCOUNTING

14. MULTI DIMENSION IMPACT ACCOUNTING
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Abandoned Mine Water Problems
West Virginia USA

15. TOXIC WATER …
The operation of a mine usually results in large
amounts of toxic effluent. Water treatment is
expensive and many mining companies avoid
doing it … especially smaller operators in
remote areas.
Accountability at every mining location is
required … and part of this will have to come
from individual independent observers using
social media and feeding a global database of
business behavior.
MULTI DIMENSION IMPACT ACCOUNTING

16. MULTI DIMENSION IMPACT ACCOUNTING
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Copper Mine Water Problems
Shanghand, China

17. MULTI DIMENSION IMPACT ACCOUNTING
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Heavy metal water pollution
Peru … Mercury Pollution

18. MULTI DIMENSION IMPACT ACCOUNTING
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Artisanal Mining for Gold in Africa

19. AMAZING MACHINERY …
Very big and powerful machinery is used for
modern mining. A huge amount of earth can be
moved with this machinery. It is capital and
energy intensive.
MULTI DIMENSION IMPACT ACCOUNTING

20. MULTI DIMENSION IMPACT ACCOUNTING
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Heavy Duty Trucks Used to Move Iron Ore

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EOPHeavy equipment moving ore

22. MULTI DIMENSION IMPACT ACCOUNTING
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Heavy Machinery to Move Iron Ore

23. MULTI DIMENSION IMPACT ACCOUNTING
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EOPComplex and powerful mining equipment

24. OVERLAND TRANSPORT …
Moving ore from mine to where it is to be used
usually starts with overland transport …
… Trucks
… Trains
… Conveyor belts
MULTI DIMENSION IMPACT ACCOUNTING

25. MULTI DIMENSION IMPACT ACCOUNTING
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Iron ore train in Australia

26. MULTI DIMENSION IMPACT ACCOUNTING
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Iron ore train in Australia

27. MULTI DIMENSION IMPACT ACCOUNTING
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Road train for iron ore in Australia

28. OCEAN TRANSPORT …
Moving ore from one country to another is
done by ships that are growing in size all the
time … taking advantage of economies of scale
as the ships get bigger.
MULTI DIMENSION IMPACT ACCOUNTING

29. MULTI DIMENSION IMPACT ACCOUNTING
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Loading Iron Ore in Cape Lambert, Australia

30. INTERIM OBSERVATIONS …
Iron ore is a very important product, critical to
the modern economy and a high standard of
living …
But the use of steel should take into
consideration all life time impacts … and this
means giving weight to eventual recycling.
In addition impact efficiency needs to be
practiced at all steps in the supply chain.
MULTI DIMENSION IMPACT ACCOUNTING

31. Follow up: Request for Feedback
Getting these ideas fleshed out into a clear, simple but
comprehensive structure is a big job and remains a work-in-
progress. Many organizations are making progress with this,
but there is no broad universal framework yet that will enable
all the pieces to come together and work efficiently.
I would like to get feedback from anyone and everyone to
help move this initiative forward. While I have some clear
concepts about much of this architecture, there are many
details that I do not know enough about and need help. So,
please feel free to contact me (peterbnyc@gmail.com).
Please put something relevant and catchy in the subject line.
MULTI DIMENSION IMPACT ACCOUNTING

32. Some links and contact information:
Peter Burgess … peterbnyc@gmail.com
Peter Burgess LinkedIn profile
https://www.linkedin.com/in/peterburgess1
Link to TrueValueMetrics.org website
http://www.truevaluemetrics.org/
Link to navigation for MDIA slidesets
http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=list0200-Burgess-p3-Slidesets
MULTI DIMENSION IMPACT ACCOUNTING