Resource criticality and commodity production projections

Giurco, D, Mohr, S, Mudd, G, Mason, L and Prior, T 2012, 'Resource criticality and commodity production projections', Resources, vol. 1, pp. 23-33.

Document type: Journal Article
Collection: Journal Articles

Title Resource criticality and commodity production projections
Author(s) Giurco, D
Mohr, S
Mudd, G
Mason, L
Prior, T
Year 2012
Journal name Resources
Volume number 1
Start page 23
End page 33
Total pages 11
Publisher M D P I AG
Abstract Resource criticality arising from peak production of primary ores is explored in this paper. We combine the Geologic Resource Supply-Demand Model of Mohr [1] to project future resource production for selected commodities in Australia, namely iron and coal which together represent around 50% of the value of total Australian exports as well as copper, gold and lithium. The projections (based on current estimates of ultimately recoverable reserves) indicate that peak production in Australia would occur for lithium in 2015; for gold in 2021; for copper in 2024; for iron in 2039 and for coal in 2060. The quantitative analysis is coupled with the criticality framework for peak minerals of Mason et al. [2] comprising (i) resource availability, (ii) societal resource addiction to commodity use, and (iii) alternatives such as dematerialization or substitution to assess the broader dimension s of peak minerals production for Australia.
Subject Environmental Engineering not elsewhere classified
Resources Engineering and Extractive Metallurgy not elsewhere classified
Keyword(s) peak minerals
DOI - identifier 10.3390/resources1010023
Copyright notice © 2012 by the authors; licensee MDPI, Basel, Switzerland. This article is a Creative Commons open access article
ISSN 2079-9276
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