Australian Miners Just Discovered Two Rocks That Experts Estimate Are Worth Millions Of Dollars

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Image: ABC Goldfields-Esperance / ABC Goldfields-Esperance

The discovery of two rocks by a miner from Western Australia could be about to transform many lives. In September 2018 Henry Dole drilled some holes in the sides of the 1,640-foot-deep shaft, inserted some explosive charges, ascended to the surface and detonated them. Then he ended his shift. The next day, he returned and began washing away the dust. It was then that he laid eyes on them…

Image: via Ancient Origins

Of course, the promise of mineral wealth has fueled mining booms for centuries. In fact, the world’s first recorded gold and silver rushes took place near Athens in ancient Greece more than 2,000 years ago. However, it was not until the industrial revolution, the invention of modern machinery, the advent of mass production and the maturation of international trade that mining took off as a global economic activity.

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Image: Flynn jowitt

The volatility of international markets means that mining is a precarious endeavor. Indeed, the multitude of abandoned mining towns in the United States attest to the inherent boom-and-bust nature of the extraction industries. And in Australia, the declining value of iron ore and other metallic resources have hit mining towns hard in recent years – effectively ending a period of rapid growth that began more than two decades ago.

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