GEOL 105 Lecture Notes - Lecture 6: Kimberlite, Biosorption, Transform Fault
Document Summary
Availability of mineral resources as a measure of the wealth of a society (cid:1) Important in people"s daily life as well as in overall economy (cid:1) Processed materials from minerals account for 5% (or 55%?) of the us gdp (cid:1) (cid:1) * nonrenewable, nonrefundable- when you"re out you"re out * (cid:1) * political blackmail- some countries have what we have to have, yet we can"t get it ourselves * (cid:1) (cid:1) (cid:1) Mineral resources: usable economic commodity ( profitable ) extracted from naturally formed material (elements, compounds, minerals, or rocks) (cid:1) Reserve: portion of a resource that is identified and currently available to be extracted legally (cid:1) Defining factors: geologic, technological, economic and legal factors * laws are constantly changing* * constantly changing * (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) Finite amount of mineral resources and growing demands for the resources (cid:1)
