Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Peak Oil/Gas = Peak Mining?

Discussions about the economic and financial ramifications of PEAK OIL

Peak Oil/Gas = Peak Mining?

Unread postby EndOfGrowth » Tue 06 Feb 2007, 11:02:10

Mining, processing and transportation of metal ores and minerals which sustain our economies may be seriously compramised in the near future as oil becomes more scarce. And perhaps more worrying, so will the materials used to manufacture an alternative/ renawable/low carbon infrastructure for our economies of the future, as oil supplies dwindle and consequently the energy needed to mine them. In addition the future of nuclear power generation may also be threatened. Uranuim ore mining and processing also requires massive inputs of energy, particularly oil, which most of the mining and distribution equipment runs on.

Could Ken Deffeys be right when he talks of humanity entering a new stone age in 30 yrs time?
User avatar
EndOfGrowth
Lignite
Lignite
 
Posts: 309
Joined: Mon 04 Dec 2006, 04:00:00
Location: End of the plateau

Re: Peak Oil/Gas = Peak Mining?

Unread postby JPL » Tue 06 Feb 2007, 17:11:27

$this->bbcode_second_pass_quote('EndOfGrowth', 'M')ining, processing and transportation of metal ores and minerals which sustain our economies may be seriously compramised in the near future as oil becomes more scarce.


Hi EndOfGrowth

If I can re-write your words a bit:

<i><b>Our economies sustain</b> mining, processing and transportation of metal ores and minerals.</i>

Small detail, but one people often forget. As the mineral grades get lower (%-wise), deeper down, and through harder rock, we need ever-more capital investment & technology to keep 'em coming out ;o)

Fun world, isn't it?

JPL
Nothing ever happens, nothing happens at all
The needle returns to the start of the song
And we all sing along like before


Del Amitri
JPL
Heavy Crude
Heavy Crude
 
Posts: 1264
Joined: Sat 18 Mar 2006, 04:00:00
Location: Off with the Fey Folk

Re: Peak Oil/Gas = Peak Mining?

Unread postby nth » Tue 06 Feb 2007, 19:56:26

Technically, you are incorrect.

Only when we reach Peak Energy does mining or other issues you brought up are no longer sustainable.

The question then becomes does peak oil/gas equivalent to peak energy. Many here will argue yes. There is no correct answer until after the fact.
User avatar
nth
Heavy Crude
Heavy Crude
 
Posts: 1978
Joined: Thu 24 Feb 2005, 04:00:00

Re: Peak Oil/Gas = Peak Mining?

Unread postby thylacine » Wed 07 Feb 2007, 01:45:51

The present mining industry is well and truly wedded to the use of diesel and fuel oil to operate all the machinery and generate electricity (except for those rare cases where the mine is on grid power). I think for the mining industry peak oil/gas will be peak mining i.e. there is no way - post PO - that we are going to be able to extract metals and minerals at the rate we do today.

I have yet to see or hear any evidence that anyone inside the mining industry is even giving any thought to PO. Not surprising really - the industry works for the most part on very short term thinking, wild optimism and often blindly ignores the bleeding obvious.

The recent Australian Senate Committee looking at the nation's future oil supply took submissions from various interested/involved individuals and organisations. The mining industry was noticeably absent from the proceedings.
User avatar
thylacine
Peat
Peat
 
Posts: 149
Joined: Thu 19 Jan 2006, 04:00:00

Re: Peak Oil/Gas = Peak Mining?

Unread postby pea-jay » Wed 07 Feb 2007, 04:14:39

I used to process permits and do reviews for mine applications. I processed a permit on a mine with a 65 year lifespan. 120-year mine plan of operations have been proposed and accepted. Thats quite a remarkable faith in the future they've got. These are very methodical and I would guess, optimistic lot of individuals that own and operate mines. Theyve got a lot of faith in the market and are going to be pretty surprised when it all does not pan out the way they were expecting
UNplanning the future...
http://unplanning.blogspot.com
User avatar
pea-jay
Heavy Crude
Heavy Crude
 
Posts: 1547
Joined: Sat 17 Jul 2004, 03:00:00
Location: NorCal

Re: Peak Oil/Gas = Peak Mining?

Unread postby cube » Wed 07 Feb 2007, 04:42:21

$this->bbcode_second_pass_quote('thylacine', '.')..I think for the mining industry peak oil/gas will be peak mining i.e. there is no way - post PO - that we are going to be able to extract metals and minerals at the rate we do today.
...
You'll probably right.

However an argument can be said since it takes energy to do just about anything......Peak Oil does not equal peak energy production:

Peak Oil == Peak EVERYTHING

whether its
1) bushels of corn
2) overbudget crappy Hollywood movies
3) Starbucks coffee
4) *insert your favorite list*

The topic of mining doesn't get mentioned often....I guess it's not sexy enough to warrant people's attention. :wink:
cube
Intermediate Crude
Intermediate Crude
 
Posts: 3909
Joined: Sat 12 Mar 2005, 04:00:00


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 0 guests

cron