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by eesmith
1254 days ago
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Yes. Your statement was "The entire history of mineral and energy extraction tells us that once dense deposits are exhausted extraction costs substantally increase even in the face of more sophisticated technology." That statement should be independent of time, so hold for 1887 too. > that's a dream of chasing something evermore expensive I have no issue with that point. |
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Early gold mining (and tin, lead, etc) followed rich veins with good rewards for hand tools.
Throughout history gold mining has had bursts of finding new rich grounds, but the essential trajectory has been more effort (in the sense of moving more material) to extract less target material, often with more complex processing and harmful side effects (leaching trace amounts from paydirt).
Years back I did the computational backend for a mine modelling program (under ground and pit) with application here at the superpit [1].
The dimensions of this hole are .. large - the volume of material removed is large, and the energy requirements to lift that volume free and the sort it for discard, crushing, refining, etc are also large.
This is just for gold, which is mostly useless (aside from some jewellery and some actual essential use in space electronics the bulk of gold goes to bullion and is valuable because, well, it's gold (go figure)).
You can (I have, and others do) plot the per tonne increased extraction costs of target materials against deposit richness as reserves are depleted.
The entire notion of peak oil is predicated against increasing effort for diminished returns.
[1] https://www.youtube.com/watch?v=8Wykx-_RWDw