Balanced Scorecard is a model for managing a business that was introduced by researchers Kaplan and Norton in the early 1990's. The goal is to use business strategy to drive business actions. While many industries have applied it, mining has had only mixed results with it and it is not as widely used in mining, metals, and materials as in other sectors. Given historical and recent challenges the mining, metals, and materials sector has faced, the next five to ten years could very well be the right time for the industry to get the most from the balanced scorecard approach.