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photograph of A Diamond Mine
A Diamond Mine Udachnaya Pipe, an open-pit diamond mine in Russia, is more than 600 meters (1,970 ft) deep, making it the third deepest open-pit mine in the world. Source: Stapanov Alexander via Wikimedia Commons

photograph of a Black Smoker
Black Smoker A billowing discharge of superheated mineral-rich water at an oceanic ridge, in the Atlantic Ocean. Black “smoke” is actually from metallic sulfide minerals that form modern ore deposits. Source: P. Rona of U.S. National Oceanic and Atmospheric Administration via Wikimedia Commons

Mining and processing ore

There are two kinds of mineral mines, surface mines and underground mines . The kind of mine used depends on the quality of the ore, i.e., concentration of mineral and its distance from the surface. Surface mines include open-pit mines , which commonly involve large holes that extract relatively low-grade metallic ore (see Figure Open Pit Mine ), strip mines , which extract horizontal layers of ore or rock, and placer mines , where gold or diamonds are extracted from river and beach sediment by scooping up (dredging) the sediment and then separating the ore by density. Large, open-pit mines can create huge piles of rock (called overburden) that was removed to expose the ore as well as huge piles of ore for processing. Underground mines, which are used when relatively high-grade ore is too deep for surface mining, involve a network of tunnels to access and extract the ore. Processing metallic ore (e.g., gold, silver, iron, copper, zinc, nickel, and lead) can involve numerous steps including crushing, grinding with water, physically separating the ore minerals from non-ore minerals often by density, and chemically separating the metal from the ore minerals using methods such as smelting    (heating the ore minerals with different chemicals to extract the metal) and leaching    (using chemicals to dissolve the metal from a large volume of crushed rock). The fine-grained waste produced from processing ore is called tailings    . Slag is the glassy unwanted by-product of smelting ore. Many of the nonmetallic minerals and rocks do not require chemical separation techniques.

photograph of an Open Pit Mine
Open Pit Mine Bingham Canyon copper mine in Utah, USA. At 4 km wide and 1.2 km deep, it is the world’s deepest open-pit mine. It began operations in 1906. Source: Tim Jarrett via Wikimedia Commons

Mineral resources and sustainability issues

Our heavy dependence on mineral resources presents humanity with some difficult challenges related to sustainability, including how to cope with finite supplies and how to mitigate the enormous environmental impacts of mining and processing ore. As global population growth continues—and perhaps more importantly, as standards of living rise around the world—demand for products made from minerals will increase. In particular, the economies of China, India, Brazil, and a few other countries are growing very quickly, and their demand for critical mineral resources also is accelerating. That means we are depleting our known mineral deposits at an increasing rate, requiring that new deposits be found and put into production. Figure Demand for Nonfuel Minerals Materials shows the large increase in US mineral consumption between 1900 and 2006. Considering that mineral resources are nonrenewable, it is reasonable to ask how long they will last. The Table Strategic Minerals gives a greatly approximated answer to that question for a variety of important and strategic minerals based on the current production and the estimated mineral reserves    . Based on this simplified analysis, the estimated life of these important mineral reserves varies from more than 800 to 20 years. It is important to realize that we will not completely run out of any of these minerals but rather the economically viable mineral deposits will be used up. Additional complications arise if only a few countries produce the mineral and they decide not to export it. This situation is looming for rare earth elements, which currently are produced mainly by China, which is threatening to limit exports of these strategic minerals.

Questions & Answers

What is inflation
Bright Reply
a general and ongoing rise in the level of prices in an economy
AI-Robot
What are the factors that affect demand for a commodity
Florence Reply
price
Kenu
differentiate between demand and supply giving examples
Lambiv Reply
differentiated between demand and supply using examples
Lambiv
what is labour ?
Lambiv
how will I do?
Venny Reply
how is the graph works?I don't fully understand
Rezat Reply
information
Eliyee
devaluation
Eliyee
t
WARKISA
hi guys good evening to all
Lambiv
multiple choice question
Aster Reply
appreciation
Eliyee
explain perfect market
Lindiwe Reply
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
Ezea
What is ceteris paribus?
Shukri Reply
other things being equal
AI-Robot
When MP₁ becomes negative, TP start to decline. Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 • Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Kelo
yes,thank you
Shukri
Can I ask you other question?
Shukri
what is monopoly mean?
Habtamu Reply
What is different between quantity demand and demand?
Shukri Reply
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Lilia Reply
what is the difference between economic growth and development
Fiker Reply
Economic growth as an increase in the production and consumption of goods and services within an economy.but Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
Abdisa Reply
any question about economics?
Awais Reply
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50. A,Calculate quantities of x and y which maximize utility. B,Calculate value of Lagrange multiplier. C,Calculate quantities of X and Y consumed with a given price. D,alculate optimum level of output .
Feyisa Reply
Answer
Feyisa
c
Jabir
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Source:  OpenStax, Sustainability: a comprehensive foundation. OpenStax CNX. Nov 11, 2013 Download for free at http://legacy.cnx.org/content/col11325/1.43
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