Historic Frontier Processes active in Future Space-Based Mineral Extraction

Details Historic Frontier Processes active in Future Space-Based Mineral Extraction Historic Frontier Processes active in Future Space-Based Mineral Extraction

Jan 2000

adsabs.harvard.edu/cgi-bin/nph-data_query?bibcode=2000srrt.conf...23g&link_type=abstract

Space Resources Roundtable II, p. 23

Physics

Extraction, Failure, Minerals, Mining, Space Exploration, Economics, Incentives, Market Research, Wilderness, Economic Factors

Scientific paper

The forces that shaped historic mining frontiers are in many cases not bound by geographic or temporal limits. The forces that helped define historic frontiers are active in today's physical and virtual frontiers, and will be present in future space-based frontiers. While frontiers derived from position and technology are primarily economic in nature, non-economic conditions affect the success or failure of individual frontier endeavors, local "mining camps" and even entire frontiers. Frontiers can be defined as the line of activity that divides the established markets and infrastructure of civilization from the unclaimed resources and potential wealth of a wilderness. At the frontier line, ownership of resources is established. The resource can then be developed using capital, energy and information. In a mining setting, the resource is concentrated for economic shipment to the markets of civilization. Profits from the sale of the resource are then used to fund further development of the resource and/or pay investors. Both positional and technical frontiers develop as a series of generations. The profits from each generation of development provides the capital and/or investment incentive for the next round of development. Without profit, the self-replicating process of frontiers stops.

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