copper mining major equipments

top five largest copper mining companies by production in 2020

top five largest copper mining companies by production in 2020

The reddish-gold metal has a range of industrial uses, and is often used in electronics due to its high electrical conductivity and its ability to be easily shaped into wiring. It is also a good conductor of heat, giving it additional properties prized by industry.

There is expected to be a growing demand for copper over the coming years along with many other metals and minerals due to its importance to the manufacturing of products that will be used in the electrification of the worlds energy system.

Codelco mines many of these Chilean reserves, including the El Teniente project (the worlds largest underground copper mine), and Chuquicamata (the second-deepest as well as one of the largest open pit mines in the world).

Its major mining interests include the Grasberg copper-gold deposit in Indonesia the worlds biggest gold mine and the Morenci mine in Arizona, which is one of the largest copper deposits in North America.

In total, the company operates seven open-pit copper mines in North America, as well as two molybdenum operations. It also has two copper mines in South America Cerro Verde in Peru and El Abra in Chile.

Glencores major copper mines include interests in the Antamina open-pit mine, located in the Peruvian Andes, as well as Chiles Collahuasi mine. In Australia, it operates the Ernest Henry, Mount Isa and CSA mines.

The company also has a significant footprint in the Democratic Republic of Congo (DRC), where it mines copper alongside cobalt at the Katanaga and Mutanda mines. The DRC by far the worlds largest cobalt producing country, and Glencore has established itself as one of the top producers of this metal via these operations.

An integrated producer of copper and various minerals, Southern Copper operates mining, smelting and refining facilities in Mexico and Peru. Its major mining operations include Perus Toquepala and Cuajone mines and Mexicos Buena Vista del Cobre (aka Cananea) and La Caridad mines.

the world's 20 largest copper mines

the world's 20 largest copper mines

The world's 20 largest copper mines produce nearly 9 million metric tons of the precious metal a year, about 40% of the world's total copper mine capacity. Chile and Peru, alone, account for more than half of the copper mines on this list. The U.S. makes the cut, as well, with two mines among the top 20.

Copper is expensive to mine and refine.The high costs of financing a major mine are reflected in the fact that many of the mines with the most production capacity are either state-owned or owned by major mining corporations like BHP and Freeport-McMoRan.

The list below is compiled from theInternational Copper Study Group'sWorld Copper Factbook 2019. Beside each mine's name is the country that it is located in and its annual production capacity in metric kilotons. Ametric ton is equal to about 2,200 pounds. A metric kiloton (kt) is 1,000 metric tons.

The Escondida copper mine in Chile's Atacama desert is jointly owned by BHP (57.5%), Rio Tinto Corp. (30%), and Japan Escondida (12.5%). In 2012, the massive Escondida mine accounted for 5% of total global copper mine production. Gold and silver are extracted as by-products from the ore.

Chile's second-largest copper mine, Collahuasi, is owned by a consortium of Anglo American (44%), Glencore (44%), Mitsui (8.4%), and JX Holdings (3.6%). Collahuasimine produces copper concentrate and cathodes as well asmolybdenum concentrate.

The Morenci mine in Arizona is the largest copper mine in North America. Operated by Freeport-McMoRan, the mine is jointly owned by the company (72%) and affiliates of the Sumitomo Corporation (28%). Morenci operations began in 1872, underground mining began in 1881, and open-pit mining began in 1937.

Cerro Verde copper mine, located 20 miles southwest of Arequipa in Peru, has been operational in its current form since 1976. Freeport-McMoRan, which holds a 54% interest, is the mine's operator. Other stakeholders include SMM Cerro Verde Netherlands, a subsidiary of Sumitomo Metal (21%), Compaia de Minas Buenaventura (19.58%), and public shareholders through the Lima Stock Exchange (5.86%).

The Antamina mine is located 170 miles north of Lima. Silver and zinc are also separated from the ore produced at Antamina. The mine is jointly owned by BHP (33.75%), Glencore (33.75%), Teck (22.5%), and Mitsubishi Corp. (10%).

The world's largest underground mine, El Teniente, is located in the Andes of central Chile. Owned and operated byChilean state copper minerCodelco, El Teniente has been mined since the 19th century.

Chile's state-owned Codelco owns and operates the Codelco Norte (or Chuquicamata)copper mine in northern Chile. One of the world's largest open-pit mines, Chuquicamata has been in operation since 1910, producing refined copper and molybdenum.

The largest copper mine in Africa, Kansanshi is owned and operated by Kansanshi Mining PLC, which is 80%owned by a First Quantum subsidiary. The remaining 20% is owned by a subsidiary of ZCCM. The mine is located approximately 6miles north of the town of Solwezi and 112milesto the northwest of the Copperbelt town of Chingola.

The Grasberg mine, located in the highlands of Indonesia's Papua province, boasts the world's largest gold reserve and second-largest copper reserve. The mine is operated by PT Freeport Indonesia Co., and the mine is a joint venture between regional and national government authorities in Indonesia (51.2%) and Freeport-McMoRan (48.8%).

Kamoto is an underground mine that was first opened by the state-owned company Gcamines in 1969. The mine was restarted under Katanga Mining LTD control in 2007. While Katanga owns the majority of the operation (75%), 86.33% of Katanga itself is owned by Glencore. The remaining 25% of the Kamoto mine is still owned by Gcamines.

TheBingham Canyon Mine, more commonly known asKennecott Copper Mine, is an open-pit mine southwest ofSalt Lake City. Kennecott is the sole owner and operator of this mine. The mine was started back in 1903. Operations continue through all hours of day and night, 365 days a year, but tourists can visit the mine to learn more and see the canyon in person.

Construction of the Sentinel copper mine began in 2012, and by 2016, commercial production was underway. The mine is 100% owned by First Quantum Minerals Ltd. The Candian company entered into Zambian mining in 2010, with the purchase of Kiwara PLC.

Olympic Dam, which is 100%owned by BHP,is a copper, gold, silver, and uranium mine. The dam operates both on the surface and underground, including more than 275 miles of underground roads and tunnels.

copper mining market size, share | global industry trends report, 2025

copper mining market size, share | global industry trends report, 2025

The global copper mining market is anticipated to grow significantly over the forecast period. Copper is a metal and is denoted by the Cu symbol. It has a high electrical and thermal conductivity by the virtue of this it is used aggressively in construction of various buildings, solar energy transmission, high-speed data transmission lines, alloy materials or telecommunication instruments, and storage of nuclear waste or superconductor. Apart from technological use, it is also used as wood preservatives, bacteriostatic substances, and fungicides. Due to its malleable and soft physical property in soft form, it is widely used to fabricate cables and pipes.

Generally available copper for mining is distributed over larger geographical areas, which is found mixed and materialized with materials and rocks. Copper is generally mined and extracted in form of compound ore known as copper oxide ore and copper sulfides ore. The copper percentage in particular copper ores generally ranges to 1.8% from 1% are called copper grade. Copper ores pass through many processes and stages to extract pure copper involving crushing of ore to smaller size pieces. After crushing of ores the concentration is separated on type of ores i.e. Oxide ores are moved to leach tanks whereas sulfites are routed to concentrating stages. The first stage of commercially producing copper is a copper concentrate containing an equal number of parts of iron, copper, and sulfide. Once the copper is concentrated it is converted into pure form using electro-winning, smelting electrolytic refining, and leaching. After it, copper concentrate is finally converted into the power of metal, which is again sent to attain forms so that it can be easily refined to get the purest form of copper

Copper mining can be categorized on the basis of method used such as Underground mining and open-pit mining out of which open-pit mining is the dominant method used because of certain advantages like high production rates, lower cost, flexibility in operations, and relatively safe methods.

China accounts for nearly half of the global demand of copper whereas Chile accounts for one-fifth of global copper supplies. Due to its high conductivity, copper helps in using energy more efficiently and even helps in enhancing the quality of product and conserved fuel consumption. Per-capita consumption of copper ranges from 10 to 20 kg for developed countries to 1 to 2 kg for developing countries or maybe less than that. The key driver of the copper mining market is its extensive demand in differentiated fields.

The major key players of the copper mining market include African copper, Aditiya Birla Minerals, DOT Resources Ltd., Caribou King Resources Ltd, Global Hunter Corp, Southern Copper Corp, Advance SCT Ltd, and Rio Tinto Group.

The ongoing pandemic has led to a decline in exploration activities in the oil & gas sector. A number of EPC projects have also witnessed an indefinite pause that has transpired into a slump in the requirement for drilling and excavation services. Economic repercussions of the trend are expected to be highly evident in the Middle East. The report will account for Covid19 as a key market contributor.

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