[jsky_goog]

The wording of "less than half the volume of construction materials" mined each year seems hand wavy as a justification that this is possible. If I'm reading the chart right that would suggest we'd need a roughly 25% increase in the amount of global mineral extraction.

[matznerd]

That is not meant to be "hand wavy," as there is no "hand-wavy" way to gloss over the fact that humans are putting out massive amounts of carbon dioxide into the atmosphere each year. It is now on the order of over 45,000,000,000 tonnes (45 Gt) yearly, meaning we need at least 36 Gt of olivine to offset it. That is no small amount of rock and we do not plan to start at that level. The reason we mention those numbers is to let you know that it is more than possible to acquire that much material each year, as we are doing it for multiple other industries each year.

Olivine mining is open-pit near the surface and is neither labor nor energy intensive. Based on current olivine (dunite) mining in Norway, where they mined 3.4 million tonnes of dunite with only 141 employees[1], it can be extrapolated that the 36 GT of olivine needed could be mined by less than 1.5 million people working at the same capacity globally.

To put that in perspective for you, the Chinese coal market employeed 5.29 million people in 2013, and based on a 2017 report, they are trying to remove 2.3 million people from the industry[2]. So there are plenty of people who could do this, it is about creating the demand for the mineral.

There are many developing countries around the world lacking other valuable exports, yet that have olivine reserves, and we look at helping them create "green" jobs as a potential benefit.

[1] Mineral Resources Norway: The Norwegian Mining and Quarrying Industry in 2004 [pdf] https://www.ngu.no/FileArchive/227/2005_042.pdf [2] https://www.chinadialogue.net/article/show/single/en/9967-2-...