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Types of mineral resources:Types of mineral resources:
Metallicferrous (Fe and related metals)nonferrous (gold, copper, etc.)
Non metallicstructural (stone, gravel, sand…)industrial (salts, sulfur, asbestos…)
Ornamental Energy (coal, uranium, oil….)
Mineral resources are Mineral resources are nonrenewable nonrenewable resources resources
Our modern technological society is very dependent on mineral resources.
The average person in an industrialized nations uses about 2.3 times as much Al and 1.3 times as much Cu as the typical person did 30 years ago.
We use over 20 times more Al and 16 times more Cu per person than people in developing countries.
World consumption of minerals has quintupled since 1945.
Some minerals have been used to build roads, buildings and durable goods, but much has gone into disposable goods.
Per capita consumption of mineral resources by Americans
Overburden: soil and rock covering a mineral deposit-
-normally waste material
Tailings: ground up rock residue after the high-grade
ore has been extracted
Smelting: process of concentrating ore by heating to
produce crude metals
Slag: fused waste produced during removal of metal from its ore
Refining: chemical purification
A few definitions….A few definitions….
Holden Copper Mine -- operated almost 20 years,closed in 1957; within US Forest Service land
Produced: 212 million pounds of Copper40 million pounds of Zinc2 million pounds of Silver600 thousand ounces of Gold
From: 10 million tons of ore
Ore shipped to ASARCO smelter, TacomaSmelter originally for lead, converted to copper in 1915; smelter closed in 1985. Now a superfund site.
The General Mining Act of 1872
Claimholders can buy land ($2.50-4.00 per acre). Once paid, the owner can do as they please with the land.
Nevada--$20 billion in minerals for $9000Colorado--7000ac purchased for $42,000 and
resold for $37millionBLM estimate: $4 billion in minerals per year free
Miners can stake claims on public land and take minerals for free
Mine industry: Metal mining is risky and expensive; US could become dependent on foreign supplies
But coal, oil and gas pay royalties…
Mineral PricesMineral Prices
Mineral prices are artificially low. Current mineral prices include only extraction costs -- not the costs of land, ore and other factors
Over the last few decades, known reserves for many metals have grown as fast or faster than production.
Governments have traditionally subsidized mineral production for several reasons:
export currency to reduce international debteconomic developmentnational security
Two fundamental strategies for dealing with mineral scarcity:
1. Increase supply
locate new ore depositsrecycle old materials
2. Decrease demand
find alternatives or substituteseliminate need through technology or lifestyle changes
Producing and buying DURABLE GOODS is an easy way to reduce demand for mineral resources