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Top 10 copper mines in the world
2020-04-09

    According to data from the US Geological Survey (USGS), as of now, about 700 million tons of copper have been produced globally, and all of this copper will be melted away, which may be made into a cube with a length of 430 meters. The value of this cube will exceed 4 trillion dollars.

    USGS estimates that the identified deposits are estimated to contain 2.1 billion tons of copper, with porphyry deposits accounting for 1.8 billion tons. About 65% of this copper is found in Chile, Australia, Peru, Mexico and the United States.

    Mining industry learned that MiningIntelligence recently compiled a list of the top ten copper deposits currently under development in the world, and ranked them according to proven and probable reserves. The specific rankings are as follows:

Top 1, Udokan: 15 million tons (Russia)

    Udokan contains approximately 15 million tons of copper. It is considered to be the largest undeveloped copper mine in Russia and one of the largest unmined copper mines in the world. It is operated by Baikal Mining Company under the name of Russian billionaire Alisher Usmanov.

Top 2, Kamoa-Kakula: 11.3 million tons (Democratic Republic of the Congo)

    Kamoa-Kakula is one of the world's top copper mine projects. According to the plan, its target annual output will exceed 700,000 tons. The first phase of the project may be put into production as early as the end of 2021. The project is jointly owned by Zijin Mining, Ivanhoe Mining and the Government of the Democratic Republic of Congo.

Top 3, El Arco: 10.8 million tons (Mexico)

    The El Arco deposit in Mexico is owned by Southern Copper. The project may produce 190,000 tons of copper and 105,000 ounces of gold annually after 2025. Currently, Southern Copper is focusing on a major project called Tia Maria.

Top 4, Nueva Unión: 8.2 million tons (Chile)

    Nueva Unión, located in the Atacama region of Chile, is one of the largest undeveloped copper-gold-molybdenum projects in the Americas. It is a joint project between Tektronix Resources and Newmont Gold Corporation, each of which holds 50% of the shares. In the first five years of production, the annual copper output is estimated to reach 224,000 tons.

Top 5, Quellaveco: 7.6 million tons (Peru)

    Anglo American Group's Quellaveco Copper Mine Project is a proposed open-pit mine located in the Moquegua region of Peru. Quellaveco is expected to be the first batch of production in 2022, with an annual production capacity of 300,000 tons in the first ten years of operation.

Top 6, Frieda River: 6.3 million tons (Papua New Guinea)

    Frieda River is jointly owned by Cobalt 27 ’s Highlands Pacific and a Chinese company. The deposit is one of the largest copper-gold deposits in the Asia-Pacific region. It is estimated that the mine can produce 175,000 tons of copper and 230,000 ounces of gold during the 33-year mine life.

Top 7, Agua Rica: 5.6 million tons (Argentina)

    The Agua Rica Gold and Copper Project is located in the Catamaca Province in northwestern Argentina, and is jointly owned by Yamaana Gold, Glencore and Newmont. These companies signed an agreement this year to use the infrastructure and equipment of their other projects in Argentina to develop the project

Top 8, Wafi-Golpu: 4.9 million tons (Papua New Guinea)

    The Wafi-Golpu project was jointly funded by Australia ’s Rest Mining Company and South Africa ’s Harmony Gold Company. This is an advanced exploration project in Papua New Guinea. It is expected that the annual output will reach its peak in 2025, when it can produce 320,000 ounces of gold and 150,000 tons of copper.

Top 9, Namosi: 4.9 million tons (Fiji)

    Namosi project is currently being developed by Rest Mining Company, it is located in Fiji ’s Namosi and Netasili provinces and the project is currently in the pre-feasibility study stage.

Top 10, El Molino: 3.3 million tons (Peru)

    The El Molino project is located in the northern region of Cajamarca, Peru. It is currently in the feasibility study stage and is jointly owned by Minmetals and Jiangxi Copper.

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