Advantages And Disadvantages Of Nordic Minning

1. Define Mineral: Any naturally occurring inorganic solid that possesses an orderly crystalline structure and can be represented by a chemical formula.

Mineralogy- An important part of Geology is the study of Minerals, their physical properties, structure, and chemistry. It helps us understand how they react with one another depending on the circumstances including weathering, fire, how deep, with living or non-living organisms. Minerology is broad and interesting field of study.

Most of the countries have their own central bank such as the Federal Reserve is the central bank of United States. First let’s discuss about the Gold Reserve, gold reserve is where the gold was held by a national central bank. There are many reasons why central bank reserve the gold, one of the reasons is to support the value of the national

In the beginning of the use of fiat currency, many governments backed the value of the currency with gold. For a while, thirty five United States Dollars could be traded for 1 Troy ounce of gold at a bank. Today however, the USD is no longer backed by gold. Most money today is “just worthless paper”, and if the government endorsing that money fails, it turns that currency into useless paper. (This is causes hyperinflation and recently happened to the Zimbabwean dollar.)

1. A resource is a substance in the environment that is useful to people, is economically and technologically feasible to access, and is socially acceptable to use.

A mineral is homogenous, naturally occurring substance formed through geological processes that has a characteristic chemical composition, a highly ordered atomic structure and specific physical properties.

Natural resources can be found all over America from dirt to diamond all the resources found help build our nation. “The great California gold rush began on January 24, 1848, when James W. Marshall discovered a gold nugget in the American River.”(California

The emerald, diamond, and gold nugget are minerals because they are a single substance, formed by nature, inorganic, and have a constant crystalline structure. Water is not a solid, beach sand is made up of many different minerals, wood is an organic material with differing chemical compositions, vitamins are manmade and contain more than one substance, and fishbone is an organic material so none of them are considered minerals.

These minerals are most commonly known as conflict minerals because many believe the trade for these minerals is funding the third world war. Most of the technology we can’t live without is funding a country that is tearing itself apart with war. In the Congo, women and young girls are being sexually traded for weapons, everyone is working hours longer than any of us have ever known, and these people are not being paid well enough for their work. All of these issues and more are being explained by many people across the country.

It would provide more information about the surrounding environment and allow Afghans to receive an increased income from the increase in the country’s wealth. In addition, these mined resources will help in the daily lives of Afghan

Paper money in the United States and other countries used to be backed by gold which became known as the “gold standard”. This meant that a person could trade paper money for its equivalent value in gold bars. Eventually it became too difficult to maintain this standard so it is not currently used by any country. One of the most well-known uses for gold is in jewelry which makes up about 78 percent of gold consumption. Gold is desirable for jewelry manufacturers because of its luster, resistance to tarnish, and ability to be shaped easily.

History has explained the fact that at one point in time, the earth's natural resources had no limit. Raw materials were plenty, because of the fact that there were plenty of natural resources to go around. Natural resources can be identified as the raw materials that comes from the earth and are useful. Natural resources can never be made by humans. Athough, these raw materials can be modified, or altered to benefit corporations and businesses. For example, natural resources are fossil fuels like petroleum, natural gas, and coal. Minerals like diamonds, gold, and copper are natural resources that come from the earth. Other resources are known as natural vegetation, like forests and timber. Animals are our earth's natural resources as well, like salmon, deer, whales, chickens, etc. The air we breathe, and the wind are all also natural resources. Water, like lakes, rivers and

This paper is divided into two parts. In the first section I wanted to take a look at the commodity itself. What is it? What are its properties and how is it used. Why has there been such a rush to find new deposits in the past few years? The second section which will take up the bulk of the paper is used to explain how a mining company could go about entering into finding a graphite deposit and taking it into production

Mining asteroids for resources interests me because I would consider myself as a heavy consumer of electronic goods such as smartphones and computers and therefore I am keen to know about the future of this technology. At the beginning of my IGCSE Global Perspectives course, we looked at natural resources which I think also contributed to my decision to look into this topic. I would like to be more aware of how much resources currently remain on Earth because the media constantly reports on how little resources we have left. From news articles I have seen so far about asteroid mining, it is seen as a beneficial way for Earth to get resources that we currently have a shortage of. For this project, I will be looking at the current situation of resources, what minerals can be obtained from asteroids, how easy it would be to obtain these resources and how effective asteroid mining would be to solving the current shortage of resources. In my opinion, I believe that this process will significantly contribute to the shortage of resources and it will be very financially beneficial.

* Abundance of resources: coal, iron ore, manganese, mica, bauxite, chromite, thorium, limestone, barite, titanium ore, diamonds, crude oil.