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Hi, yes it does appear possible to not only increase the mining capacity, but that doing so will actually bring the price down to around $10-$12/ton. To do the
by matznerd 8y ago
Hi, yes it does appear possible to not only increase the mining capacity, but that doing so will actually bring the price down to around $10-$12/ton. To do the total sequestration of anthropogenic (human-caused) CO2 release per year with olivine, it would require approx ~7km^3 of rock (23 gigatons or billion tons). This is compared to the ~10km^3 of oil equivalents we retrieve from the earth each year. And the ~20 gt of construction minerals mined each year. There are individual mines (for other types of materials) that have excavated volumes of greater than ~25 km^3.
To bring the planets atmospheric CO2 concentrations back to pre-industrial levels would likely require around 30-50 new olivine mines globally. The good news though is that olivine is extremely common, making up 80% of the mantle. Almost every country has olivine/dunite deposits, and so countries with cheap labor and lack of other viable export commodities would be ideal places to open mines, which would also help create jobs for them (and ones that actually help the planet).