Meeting The World's Future Mineral Needs - Issue

? World industrialization, increased urbanization, and population growth are driving a sustained demand for minerals, metals and coal. Energy demand is expected to increase significantly in the coming decades - placing even more emphasis on supply, security and environmental impact issues. ? Several countries are taking steps to nationalize their own resources thus safeguarding their supplies and reducing exports of natural resources. ? Understanding the future availability of critical minerals requires a global perspective. It is essential to know where deposits are located, their reserves and resources, the technologies necessary for production, and the costs of producing and transporting the products to consumers. ? As mining companies look to maintain or increase their operating capabilities and increase their mineral resource bases, the search for commodities expands beyond developed terrestrial regions of the world, to include marine resources. (Figure 1) Operating challenges in these locations include finding skilled workers, building infrastructure, improving recovery technologies and practicing sustainable development.