| > rich veins with good rewards for hand tools I'm far from knowledgeable about the topic. Still, I'm twinging on your earlier use of the "costs", which is different than "good rewards". If something is rare, people may pay a lot for it. Labor-intensive manual mining (and we mustn't forget the use of slave labor hides the economic costs and adds a human cost) might not move as much material, but may still have high costs. > plot the per tonne increased extraction costs of target materials against deposit richness as reserves are depleted. I do understand that. But what does 'dense deposit' mean? I took it to mean gold deposits where manual mining provided good rewards. Gold cyanidation is for low-grade ore, says Wikipedia, and the result gave good rewards for South African mine owners, yes? What I don't know is the cost per unit production of either method. I fully understand that new methods may make previously low-grade material economically profitable, but I don't think those should be re-categorized as "dense". In looking around, I believe iodine production might be another case to consider. As I understand it, the historical production was from sea water through bioaccumulation in kelp, which was then dried and processed. We've since moved to richer sources, either mineral (caliche) or brine. |
Manual mining produces good rewards in nugget rich grounds with dense primary rewards, if you move (say) 10,000 tonnes of material you find a lot of gold, even without extra processing (such as gold cyanidation).
When you hit low grade regions there simply isn't as much gold present - not only do you still need to move 10,000 tonnes of material, you know also need to chemically bind and extract in order to get less gold overall.
The pattern is, the easy is cheap (in terms of effort), the harder stuff costs more (in terms of effort), and minor advances in technique aside .. everything ladders upwards to cost more in extraction effort for less return.
It's been true for gold, for copper, for fossil fuels, etc.
Historically you can see hard data for this in something like [1] which is sadly a subscription service.
[1] https://www.spglobal.com/marketintelligence/en/campaigns/met...