True or False?
A resource is something to which human society attaches value, due to its usefulness.
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True or False?
A resource is something to which human society attaches value, due to its usefulness.
True.
A resource is something to which human society attaches value, due to its usefulness.
Define the term stock resources.
Stock resources are finite and non-renewable resources, such as coal, oil, gas, gold, copper and uranium.
What does flow resources mean?
Flow resources are resources that are renewed within short timescales either through physical systems or biotic reproduction, such as solar, wind, forests, and fish stocks.
What is a McKelvey box?
A McKelvey box is an international scale for evaluating stock resources, illustrating different categories of reserves based on certainty and economic viability.
Define proven reserves.
Proven reserves are quantities and qualities of resources estimated with a high level of confidence, viewed as being economically viable.
What is a resource frontier?
A resource frontier is an area on the periphery of a country or territory which is being opened for resource extraction for the first time.
What does resource peak refer to?
Resource peak refers to the phase of maximum production of a resource before depletion exceeds discoveries.
True or False?
The Arctic is considered a resource frontier.
True.
The Arctic is considered a resource frontier.
Define enhanced oil recovery.
Enhanced oil recovery is a technique used to extract more oil from depleted existing oilfields.
What is deep-water drilling?
Deep-water drilling is a method of extracting oil from offshore locations.
Define unconventional oil sources.
Unconventional oil sources are alternative sources of oil, such as tar sands and shale oils.
What are the challenges in evaluating the concept of resource peaks?
Challenges in evaluating resource peaks include varying perspectives on timing due to new technologies, volatile resource prices affecting economic viability and difficulty in predicting future demand.
What is sustainable resource development?
Sustainable resource development is about ensuring future generations have access to key resources while managing the impact on the areas and environments from which resources are being extracted.
True or False?
Sustainable resource development only considers environmental impacts.
False.
Sustainable resource development considers social, economic and environmental impacts.
What is an Environmental Impact Assessment (EIA)?
An Environmental Impact Assessment (EIA) is a survey of the potential impacts of a project on the environment.
What is the main aim of EIAs?
The main aim of EIAs is to put environmental considerations on the same level as economic ones.
True or False?
The Rossing uranium mine in Namibia is an example of unsustainable resource extraction.
False.
The Rossing uranium mine in Namibia is presented as an example of a large TNC attempting to extract a resource in a sustainable way.
What is one sustainable feature of the Rossing uranium mine in terms of water usage?
One sustainable feature of the Rossing uranium mine is that 70% of all water used in processing is recycled.
Define black economic empowerment initiatives.
Black economic empowerment initiatives are programmes supported by the Rossing Mine to promote the economic participation of black people in Namibia.
What is the first stage of an Environmental Impact Assessment (EIA)?
The first stage of an Environmental Impact Assessment (EIA) is screening.
What does the scoping stage of an EIA involve?
The scoping stage of an EIA involves identifying key issues and impacts that should be further investigated.
True or False?
EIAs are only carried out after a resource extraction project has begun.
False.
EIAs are carried out by independent contractors before the start of major resource extraction projects.