Chapter 16 Flashcards
“Mineral Industry “
Refers to all mineral extraction with the exception of oil and gas
“Mineral Industry”
Refers to all mineral extraction with the exception of oil and gas. (included oil sands, as they are mined)
Canada is the top producer, by volume, of ____, and in the top three of ________
Potash
Uranium, Cobalt, Aluminum
Canada is the top producer, by volume, of potash, and in the top three of uranium, cobalt, and aluminum
mineral and metal processing sector has been viewed as having five main stages:
- MINING AND QUARRYING
- SMELTING AND REFINING
- SEMI-FABRICATED PARTS
- FABRICATED PARTS AND SIMPLE PRODUCTS
- PRODUCT ASSEMBLY
Before a potential prospect can be developed into a mine, two fundamental criteria must be considered:
economic grade (concentration of mineral)
volume of ore
Shadow effect
The impacts of mining that can spread beyond the disturbance caused in the immediate region, such as with the development of roads that disrupt wildlife and migration patterns.
minerals:
a naturally occurring inorganic substance
mining companies scour the globe for highest grade ores and deposits
historically, exploration has focused in Global North (especially USA, Canada, Australia)
recent focus on Global South (Latin America, Africa, Asia), former Soviet bloc
overall trend of economic globalization and transnational capital (mining corporations
Factors affectin
GEOLOGICAL AND GEOGRAPHIC: quality, quantity, accessibility
ECONOMIC: supply, demand, market price, production costs •eg; labour, infrastructure, royalty regime, environmental costs, etc.
POLITICAL: laws, policies, royalty regimes, ‘strategic’ resources •eg; potash, uranium
Mining trends
shift from Global North to Global South
shift from underground operations to less expensive surface mining operations
Corporate social responsibility programs (CSR)
An overarching term used by corporations for voluntary activities designed to address social, cultural, economic, and environmental initiatives.
Open-pit mines
Open-pit mines often use very large equipment designed to move huge amounts of ore and waste in order to make lower-grade ore deposits economically viable.
Underground mines
Ore deposits are deeper, and less plentiful. However, quality is high enough to exceed costs. A higher grade of ore is required for the operation to be profitable.
SLO - Social Licence to Operate
A social licence to operate (SLO) refers to the level of acceptance or approval by local communities and stakeholders of organisations and their operations
The Mining Association of Canada (MAC) instigated the first multi-stakeholder initiative of its kind in the world
the Whitehorse Mining Initiative (WMI).