Economics
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Australian Mining History Association (Charters Towers July 2014): Offshore resource potential is clear with strong prospects identified, international certainty of tenure exists through the United Nations Convention on the Law of the Sea and the regulatory/legal system is well established, yet future offshore mineral prospects remains elusive. Deep sea mining's blue sky potential has been spruiked for so long it genuinely qualifies as mining history, but remains limited to future prospects. Historical targets have included diamonds, polymetallic nodules, cobalt on seamounts, base and precious metal rich hydrothermal vents, construction materials, coal and deep leads of tin or gold extending from onshore areas. Australia's seabed jurisdiction under the United Nations Convention on the Law of the Sea (UNCLOS) is over 16 million square kilometres, twice the area of Australian land. The Commonwealth Offshore Minerals Act 1994 relates to the exploration and production of these commodities, but in contrast to the offshore petroleum sector little activity has been recorded. Offshore resource potential is clear with strong prospects identified, international certainty of tenure exists through UNCLOS and the regulatory/legal system is well established, yet future offshore mineral prospects remains elusive. This is despite Australia based companies engaging in exploration and proposing developments in the South Pacific. Having identified the problem of lack of commercial interest, could government take actions to rectify the situation and encourage positive economic outcomes stemming from sustainable and environmentally responsible resource development in Australia's world scale offshore regime
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Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.
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The Value of Earth Observations from Space to Australia report (2015, ACIL Allen Consulting) examines the use of Earth observations from space (EOS) in seven key application areas: weather forecasting; ocean observation; monitoring land use and landscape change; agriculture; water; natural hazards and insurance; and onshore mining. Through a series of detailed case studies, the report establishes the value of the contribution of EOS in each application area and to the Australian economy as a whole.
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Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.
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Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.
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Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.
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Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.
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Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.
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Australia's Identified Mineral Resources is an annual national assessment that takes a long-term view of Australian mineral resources likely to be available for mining. The assessment also includes evaluations of long-term trends in mineral resources, world rankings, summaries of significant exploration results and brief reviews of mining industry developments.
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<div>Mineral exploration and development involves the selection of potential projects which must be evaluated across disparate characteristics. However, the distinct metrics involved are typically difficult to reconcile (e.g. geological potential, environmental impact, jobs created, value generated, etc.). Separate stakeholders—with different goals and attitudes—will reasonably differ in their preferences as to which categories to prioritize and how much weight to give to each. These conflicting preferences can obscure optimal outcomes and confound project selection.</div><div><br></div><div>In this presentation, we will discuss how early-stage exploration decisions can be treated as multi-criteria optimization problems. We show how this approach can be used to effectively evaluate and communicate competing criteria, and locate regions that perform best under a range of different metrics. We then outline a mapping framework that identifies regions that perform best in terms of geological potential, economic value and environmental impact and demonstrate this approach in a real-word example that highlights new exploration targets in the Australian context. Abstract presented at the American Geophysical Union (AGU) Fall Meeting 2023 (AGU23) https://www.agu.org/fall-meeting