This short paper outlines the author's views regarding the present ability of the resources industry to manage its mining assets. It represents a personal view - but one founded in fact-based observations of mining companies and of the mining industry in general._x000D_
It contends that whilst a great deal has been learnt about the management of mines over the last 500 years since the seminal work of Agricola, observations suggest that best practice management is the exception rather than the rule across our industry. Although insights regarding the successful management of mines have become apparent, we still witness unnecessary errors in our industry that lead to the loss of shareholders' funds. By highlighting some aspects of current best practice, particularly in the arena of operations improvement, it is hoped that this short paper contributes a small step along the next 500-year-long learning curve. At a time of key skill shortages in our industry as mineral producers attempt to ramp-up production to capture historically high commodity prices, achieving best practice operations management has seldom been more critical._x000D_
FORMAL CITATION:Trench, A, 2006. Best practice' operations management - an oxymoron? in Proceedings New Leaders' 2006, pp 21-24 (The Australasian Institute of Mining and Metallurgy: Melbourne).