Chief products include copper and sand and gravel. New Mexico, the third largest copper producing state, is situated on the same copper belt that extends throughout Arizona. Most of the world's mining occurs outside of the United States with upwards of two thousand large mines operating in major mining countries such as Australia, Chile and South Africa. As mentioned, Dr. Kemeny has international academic ties in Canada, Sweden and is currently on sabbatical in Brisbane, Australia. In addition, our association with Michael Arnold, President and founder of the Tucson-based international mine services company, Modular Mining Systems Inc., will aid in our expansion overseas.
Mining companies are typically conservative and fiscally prudent.
In the digital image analysis market, no market leader exists and only three other companies in North America have developed and have begun to market similar products. These companies are Noramco Engineering Corporation of Hibbing, Minnesota with its CIAS system , WipWare Inc. of Orangeville, Ontario, Canada with its WipFrag system and the newest entrant, still in the testing phase, is the GoldSize system developed by Golder Associates Inc. of Seattle. Each of these European systems is being tested and marketed to a limited extent within each country. The product does not benefit from ongoing research as the Unites States Bureau of Mines, which sponsored the development, has been disbanded. The company has sold very few systems due to its limited corporate capital base, inflexible product construction and low quality of software.