Resource Development Over Time (AQA A-Level Geography): Flashcards

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Resource Development Over Time
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Hypothetical resources

Materials likely to exist in known mining regions, not yet found

Speculative resources

Materials that might exist in similar geological settings

Four physical risks in resource development

Quantity, quality, location/accessibility, available technology

Three geopolitical risks for resources

Concentrated production, trading confidence, political stability

Minimum investment for modern ore mine

£500 million

Proven reserves probability of recovery

At least 90%

Recoverable reserves

Resources likely extracted commercially using current technology

TNCs role in resource exploration

Apply for licences from authorities to explore sites

Resource frontiers

Regions where resources brought into production for first time

Friedman's core-periphery model (year)

1963 model explaining uneven spatial patterns of economic growth

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