GEOG 216 Lecture Notes - Bauxite
23 Nov 2012
School
Department
Course
Professor
Document Summary
Renewable through human action, s/times on their own. Can regard these as a fixed commodity w/in certain limits. Phys processes initial formation of mineral concentrations. Don"t know where the high quality is until we exploit it. Major producers of iron ore: china, brazil australia. Major producers of bauxite: australia, guinea, jamaica. Proven/known reserve: resource of potential use +/profit that can be extracted under prevailing condits. Conditional reserve: discovered but sub/uneconomic due to current prices + techs. Actual resource: available under current, econ, technological, institutional, socio-cultural condits. Average quantity consumed is increasing steadily partic in nics. Economic scarcity only partially determines availability + price. Strong mineral sector can cause distortions in the rest of the econ. Ex: current strength of has negative impacts on manufacturing sector (closures, job losses) In least indus nats, sector generates internal wealth for the elite. Elite pressures gov to over-value exchange rates for impors of capital + foreign luxuries.
