These days, it’s a tight supply market in the mining business. Mines are being strained to capacity because of burgeoning demands for raw materials around the world, especially from China and India. The mining supply industry tends to be narrow, with few suppliers specializing in the products and services required to keep mines running. While some procurement executives might find beads of sweat forming on their brows as they face these challenges, Lance Throneberry, director of supply chain management for Newmont Mining Corp. in Denver looked at the situation as an opportunity to create a completely new procurement structure, one focused on efficiency and effectiveness.
