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This thesis explores a selection of the ways in which an era of high mineral commodity prices - commonly dubbed the 'super-cycle' of the 2000s - is reshaping the map of global commodity markets. It pursues this agenda through three research aims: (1) to recast the relationship between geophysical resource supply, prices, and markets; (2) to examine some of the institutions that channel and benefit from resource wealth; and (3) to 'open the black box' of the commodity price formation process. The thesis pursues this agenda through four substantive papers, each with its own set of research objectives and findings, and primarily uses the example of phosphate as a vehicle for discussion. The first half of the thesis focuses on the production side of commodity markets. It begins by exploring the multidimensional nature of the concept of resource scarcity, both in its geophysical and socioeconomic aspects, by interrogating a prominent inherited conception of natural resource scarcity: 'peak' natural resources, specifically peak phosphorus discourses (chapter 3). The thesis then carries on the research agenda suggested by this initial study by conducting a field research-based case study of the little-known Moroccan state-owned phosphate mining and fertilizer company, OCP Group (chapter 4). It explores the particular type of principal-agent problem in generating and distributing national resource wealth that national extractive companies (NECs) such as OCP face. The second substantive half of the thesis is concerned with global commodity trading and price formation. It constructs an 'anatomy' of global phosphate markets in order to shed light on the phosphate price formation process (chapter 5). Based on this investigation, the thesis argues that despite the opacity of the processes by which phosphate is priced, an apparent lack of a 'benchmark' or reference price is not necessarily as problematic as market theorists might assume. Finally, the thesis takes a macro-level perspective of the relationship between finance and physical commodity trade by examining the role of financial trading in the governance of commodity markets (chapter 6). Overall the thesis distils the following findings. To begin with, a deeper and more nuanced understanding of the concept of resource scarcity puts short-term price movements as indicators of resource availability into perspective while revealing an unforeseen degree of complexity, as well as certain 'blind spots', in the geopolitical and institutional aspects of resource supply and trading. Second, the power of two particular, less-researched types of institutions that channel and benefit from resource wealth - names, national extractive companies and financial investors - is both less great and different in nature than is commonly assumed. Third, for institutional as well as geographic reasons that are specific to different types of commodities, the commodity price formation process is even further from the joint ideals of market transparency and liquidity than is commonly assumed. Finally, insofar as commodity production and trade can be conceived as part of the 'real economy', it cannot succumb to what is widely feared as the hegemony of 'financial logic'.

West-central Florida has supplied much of the national and global demand for phosphate for over 100 years. The two main tributaries of the Alafia River, the North and South Prongs, have been extensively modified by the strip mining, benefaction, and chemical processing activities associated with the phosphate mining industry. Using aerial photos, an analysis of landscape change in the South Prong Alafia River drainage basin (357.4 km2) between 1940, 1970, and 2004 was conducted. A modified Florida Land Use, Land Cover, and Forms Classification System code (FLUCCS) was used to classify and measure change through the study period. Change in the study area is characterized by a dramatic decline in the area covered by natural lands and an increase in the area covered by anthropogenic activity. Increasing 43.8 km2 from 1940 -- 1970 and 199.96 km2 from 1970 -- 2004, phosphate mining activity is the primary force of landscape alteration in the study area. The historic headwaters of the main stream, Hooker's Prairie, is completely replaced by mining-induced landforms in 2004. Net change in landscape composition from 1940 -- 2004 is 1) phosphate mining (+243.76 km2), 2) surface hydrology (-113.13 km2), 3) urban (+2.42 km2), agriculture (+19.76 km2), and undisturbed / other (-139.66 km2). The results of this study indicate that the regional environment and hydrology have been heavily impacted by phosphate mining activity. The critical management of the industry's environmental impacts and reclamation practices is essential for the current and future health of the local environment and its inhabitants.

The State of Florida ranks fifth in the world's production of phosphate. The phosphate industry relies on surface mining to withdraw the phosphate ore, and this process can devastate the natural environment. One of the most impacted natural resources is wetlands. Federal laws permit the legal destruction of wetlands providing their loss is compensated by the mitigation (i.e., the restoration, creation, or enhancement) of other wetlands, but the complexity of wetland ecosystems makes the mitigation process difficult. One of the goals of this thesis is to review the established Federal, State and non-regulatory guidelines for the development and maintenance of mitigated wetlands, evaluate their efficacy and present some underlying reasons for successful versus unsuccessful mitigation projects.The environmental repercussions of phosphate mining are not only pertinent to Florida or the United States. Wetland mitigation has become a global issue. Laws and programs that facilitate specific countries do not benefit wetland ecosystems on a landscape level. It is important to remain cognizant of the ramifications of wetland destruction and avoid piecemeal solutions to a wide-spread problem. Thus, my second objective is to investigate the progress and status of international wetland preservation. I will examine how different countries and international organizations are addressing the environmental impacts of mining, and underscore the relevant methods and protocols. I will also supplement this review by proposing the use of soil microbial communities as bioindicators of wetland development and sustainability. I will describe the laboratory and field procedures necessary to evaluate the various biological and physical aspects of mitigated wetlands, thereby offering mangers an effective monitoring technique. My intention is to confirm that microorganism development and preservation are critical to wetland health and longevity. My final objective is to document the relevant literature on environmental policy, and provide current scientific and policy review for researchers, managers and legislators. This thesis will synthesize the diverse and often contradictory theories, and suggest possible methodologies to bridge the science-policy gap.Overall, I intend to supply researchers, managers, and government agencies with a source of publications that can assist in evaluating, managing and monitoring wetland mitigation projects.

M. Tech. (Logistics, Faculty of Management Sciences), Vaal University of Technology. / This study explored the implementation of green supply chain with regard to minimizing environmental risk in the South African manganese and phosphate mining industries. A qualitative research paradigm methodology was used. Theoretical assumptions were utilized. References by other researchers in the green supply chain and mining supply chain were also used to broaden the knowledge horizons for the study. A total number of twelve supply chain and environmental professionals from the key role players in the South African manganese and phosphate mining industries were interviewed and provided valuable input to the study. The study determined lack of information sharing between the role players in the supply chain that lead to the discovery of themes and sub–themes. The study identified seven main themes and eleven sub-themes as challenges in the implementation of green supply chain. Recommendations to address the challenges areoutlined and include the introduction of cleaner production practices by using cleaner technologies, inclusion of environmental aspects in the sourcing strategy, among others. The achievement of all these will ensure sustainable development. Originating from the study are research recommendations for the South African manganese and phosphate mining industries. The recommendations include further research to establish a green supply chain model as well as perception and expectations of policy makers in the industries.