We have started our approach to mining industry in a high level, then we have centered our study in copper mines, so we are now willing to present some of the data that will take us to some of the conclusions that we want to present in this posts serie. Firstly the data:
|OPEN PIT NAME||COUNTRY||COOPER MINED PRODUCTION 2013 (TONs)|
|Grasberg Minerals District||Indonesia||464.406|
|Bagdad, Sierrita, Miami, Safford, Chino & Tyrone||USA||359.000|
|Ernest Henry, Mount Isa & Cobar||Australia||249.600|
|Katanga||Democratic Republic of Congo||241.489|
|Spence y Cerro Colorado||Chile||232.600|
|Mutanda||Democratic Republic of Congo||218.261|
|Bingham Canyon Mine (AKA Kennecott Copper mine)||USA||211.000|
|Tenke Fungurume||Democratic Republic of Congo||210.000|
|Buenavista del Cobre, Cananea||Mexico||182.200|
|Candelaria y Ojos del Salado||Chile||150.000|
|Highland Valley Copper||Canada||113.200|
|Carmen de Andacollo||Chile||81.200|
|Kinsevere||Democratic Republic of Congo||62.076|
|Santa Eulalia, Santa Barbara, Nueva Rosita, Charcas & Taxco||Mexico||6.400|
Source: author, based on different sources
As I said previously, these 69 mines provide more than 10.000.000 tons of copper, which is nearly the 55% of the 2013 copper production. So the 55% of all the wire, cable, electronics, electric motors, architecture elements and so on that were produced in the world in 2013 were mined at only 69 open pit mines. That was a surprise for me, because how such an important market is ruled just by a few mining operations in the world.
To accurate my vision about where the raw material was placed, I thought that it was interesting to know which countries lead copper production. So I have made this graph with the global copper production in 2013. Every colored square is proportional to the country production.
The graph is quite representative about the places which have the biggest copper resources. It is easy to see Chile’s leadership and that 8-10 countries control the biggest part of the business. Well, have I said business? In fact these are just the countries were mineral is, but where is business? We will try to go into this question in the next post.