Inside the Resolution Copper Mine, 1.3 Miles Underground

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  • Опубліковано 13 бер 2016
  • Mar. 14 -- There are deeper mines in North America than the Resolution mine but none with a single shaft this long. It is a 6,943 foot concrete barrel, 30 feet in diameter bored into the mountain of Arizona and took six years to dig. Bloomberg's Matt Philips journeys toward the center of the earth to check out this engineering marvel. (video by Adam Wolffbrandt)

КОМЕНТАРІ • 465

  • @jimbojims
    @jimbojims 4 роки тому +89

    South Africa has 6 of the worlds 10 deepest operational mines.
    They go down to almost 13 000 feet (3.9km) now and are going deeper still. Down to about 14300 feet at the next stage.
    Absolutely insane.

    • @brokengamer9214
      @brokengamer9214 2 роки тому

      Choda

    • @deathroesdoid8299
      @deathroesdoid8299 Рік тому +8

      Currently we’re at 4km @ Mponeng mine. Let me tell you when I say it’s sweltering hot at those levels😮‍💨😮‍💨

    • @gabebear574
      @gabebear574 Рік тому

      Yeah but nobody care its a 3rd word country propt up by 1st world country's.................

  • @joea1433
    @joea1433 5 років тому +258

    He left us hanging about how they mitigate the heat!

  • @johnnyphillips4406
    @johnnyphillips4406 6 років тому +429

    Damnit I thought playing poker for high stakes took balls but 6 billion before you get permits that dude has balls the size of dump trucks.

    • @traynorrislee3249
      @traynorrislee3249 5 років тому +20

      Gotta be a risk taker to make big paper

    • @alco424
      @alco424 5 років тому +45

      @Thomas Solonyetski the estimated value of the copper alone, not including any other minerals, is 45 Trillion Dollars. So, yeah, it's worth the gamble if it pays off.

    • @jasperfatty4915
      @jasperfatty4915 5 років тому +17

      6 Billion is nothing to Rio Tinto, we have an operation $13.9 Billion operating cash flow alone...royalties and transactions not including assets are in the trillions.

    • @michaelbarnett2077
      @michaelbarnett2077 5 років тому +2

      By that dude you mean the Queen?

    • @rachelshuey7003
      @rachelshuey7003 5 років тому

      Yeah and if they spend that 6 billion and they start mining and they find out the vein ain't as big as they thought then they're really screwed

  • @russg1801
    @russg1801 5 років тому +63

    Just goes to show how valuable copper is to a modern industrial economy. This has always been a relatively expensive metal but in recent years the price has skyrocketed and it's reflected in the price you pay for home electric wiring. Decades ago, things as mundane as GUTTERS and DOWNSPOUTS were made of this because it was resistant to corrosion and easy to form. Sheets of it were used as roof flashing around chimneys and vent pipes. Your whole house had copper pipe including the big drain lines; it was easy to cut and could be joined with solder rather than the threaded joints required on "iron" [actually steel] pipe. Now all that's been replaced with PVC.

    • @xjackdareaperx
      @xjackdareaperx 5 років тому +1

      because PVC is 1000x better

    • @iIiWARHEADiIi
      @iIiWARHEADiIi 5 років тому +6

      @@xjackdareaperx PVC degrade over the time in water. Copper could work infinite time if was treated properly after the installation.

    • @pauleohl
      @pauleohl 2 роки тому +6

      @@iIiWARHEADiIi Copper pipes will develop pin holes in 50 years. I have had to replace some copper pipe from my domestic hot water. I have seen pinholes develop in copper waste lines in 40 years.
      I made a humidifier that had copper pipe exposed to heated water and air. It lasted about 40 years and I had to replace it because of leaks. I am on my third copper coil that makes domestic hot water. That is in 52 years, so the average life of the coil is 26 years.
      Copper does not last forever when conveying water.

    • @thesilentone4024
      @thesilentone4024 2 роки тому

      We need an update on this its 2022 now.

  • @HardRockMiner
    @HardRockMiner 5 років тому +31

    I worked as a driller @ Kidd Creek mine in Ontario Canada. Its +9600' and the shaft bottom is approx 9880'. Its the deepest mine that I've worked in and I've been in a lot of em. Nice video. Thanks!!

  • @Bentaiisart
    @Bentaiisart 5 років тому +184

    What Minecraft mod is this?

  • @mohd.razafaizy3639
    @mohd.razafaizy3639 4 роки тому +15

    Salute to these workers 🙋. Doing really hard to improve their livelihoods

  • @soapiesoap5649
    @soapiesoap5649 Рік тому +4

    I have only ever worked in iron ore mines I find underground mining so fascinating

  • @MrAdamz123
    @MrAdamz123 8 років тому +34

    Really interesting episode thanks!

  • @martinehammond4126
    @martinehammond4126 5 років тому +24

    It's amazing what lengths people will goto to make money. And the amount of engineering gone into it as well is also amazing.

    • @gracefool
      @gracefool 5 років тому +6

      Amazing what lengths we go to for our complex society you mean? We rely on copper mines like this for electronics, jewelry, coins... There's no power grid, let alone UA-cam, without millions of workers around the world in materials, manufacturing and maintenance...

    • @RealWorldPolice
      @RealWorldPolice 4 роки тому +4

      gracefool - Bingo. The only reason ventures like this make money is because people want what they produce. It’s not like they win some sort of engineering prize if they manage to dig a deep enough hole.

    • @wtfbros5110
      @wtfbros5110 3 роки тому +1

      @@RealWorldPolice *sad Soviet borehole noises*

  • @Paid2Win
    @Paid2Win 5 років тому +23

    0:15
    No what's crazier is sky diving from a plane through the mine shaft..

    • @michaelegotti6439
      @michaelegotti6439 5 років тому +2

      Johnathan Doughs reply for 300 bucks like for 2000

  • @KevinChang787
    @KevinChang787 5 років тому +35

    Turn captions on at 4:52, enough said haha

  • @sodnombayarsaikhan4420
    @sodnombayarsaikhan4420 2 роки тому +8

    I am majoring in Mining Geotechnical Engineering. Here we also have Rio Tinto managed world class copper-gold ore deposit as well, which also uses block caving method. I am looking forward to be an engineer at one of this magnificent mines.

  • @johndododoe1411
    @johndododoe1411 2 роки тому +5

    The Stora Kopparberg mine in Sweden is vaguely similar, but only about 2000 feet deep. After centuries of production, it was turned into a museum in the 1980s, with tourists initially allowed on guided tours at 600 foot depth (interesting with some tableaus in side tunnels), though now apparently only upper levels are toured.

  • @DJDrLandWhaleOfficial
    @DJDrLandWhaleOfficial 10 місяців тому

    That’s my buddy Andy with the handle bar mustache. You’re a hero Andy! Love you!

  • @gohazard4284
    @gohazard4284 3 роки тому +10

    It is 2021 now, hope they got started by now.

    • @DanielSilva-jj2lz
      @DanielSilva-jj2lz 2 роки тому +2

      Will not start. Democrats denied the operation, saying that desert region was an Indian cemetery centuries ago.

    • @dmeads5663
      @dmeads5663 2 роки тому +4

      @@DanielSilva-jj2lz Democrats are the worst things ever.

    • @sketchyAnalogies
      @sketchyAnalogies 3 місяці тому

      They aren't ready to start carving iirc. They have a lot of mine to develop still. they have to build custom heavy equipment underground like crushers, haul trucks, and conveyers. The video was also inaccurate a few times. The ore doesn't go up the hoist way, it will come out the side through either trucks or conveyers. So that's many more tunnels to make.
      Block caving is cool, but all of the expenses are front loaded. Relatively cheap to operate, but $$$ to set up.

    • @gohazard4284
      @gohazard4284 3 місяці тому

      Thanks for the explanation! Though I honestly didn't expect it after two years 😂 I had honestly forgotten all about this video or this comment. ​@@sketchyAnalogies

  • @JCC7474
    @JCC7474 Рік тому

    Fascinating! The ingenuity of man is amazing!

  • @joshsimpson10
    @joshsimpson10 5 років тому +4

    This stuff is so amazing....

  • @opticalbeast4947
    @opticalbeast4947 5 років тому +7

    I would LOVE to go there, or to one of the deeper mines to see what it feels like.

  • @DJDrLandWhaleOfficial
    @DJDrLandWhaleOfficial 10 місяців тому

    Rio tinto, an Australian company had provided immeasurable benefit to us folk in superior and globe/Miami. We are eternally grateful

  • @joebampton670
    @joebampton670 3 роки тому +3

    INCO Creighton Mine in Sudbury is 7280' straight down. Cage is double deck and takes 60 men a trip.

  • @dumyjobby
    @dumyjobby 5 років тому +8

    This video is so incomplete. Give us some data, show some tools that they use , interview some of the miners, work schedule etc. There is so much cool staff you could have told us

    • @Deploracle
      @Deploracle 3 роки тому

      The video was really about the mine, the copper.

  • @user-ep8xo1od9o
    @user-ep8xo1od9o 3 роки тому +2

    I wanted to be a miner but after seeing that lift I’m terrified already

  • @jrich8112
    @jrich8112 6 років тому +56

    Did he say 6 "B"billion invested ?!?!??!?!

    • @kylesonsalla7620
      @kylesonsalla7620 6 років тому +2

      jrich8112 Yes

    • @jimmychanga4130
      @jimmychanga4130 5 років тому +2

      jrich8112 that's a lot of money to be throwing down without any return yet

    • @lamBETTERthanY0U
      @lamBETTERthanY0U 5 років тому +6

      Jimmy Changa
      To me that’s just pocket change

    • @kevincone2839
      @kevincone2839 4 роки тому +5

      Rio Tinto is the biggest mining company in the world. The competition doesn’t stand a chance, on how big they are

    • @patrickmclaughlin61
      @patrickmclaughlin61 4 роки тому +3

      @@jimmychanga4130 it's chicken feed for rio tinto. They also make investments because they know it will go through. That is why they are so big and wealthy.
      Also, rio tinto is a Spanish company that still runs the oldest copper mine in the world.

  • @pingpong1138
    @pingpong1138 5 років тому +10

    Mines like that give my anxiety

  • @ciel3141
    @ciel3141 5 років тому +1

    thank you for your simple work, undergraduate student work, mining sites usually are not hidden beneath the earth surface for great safety since one human life is more expensive than saving the earth surface nature, which always in a continuous change through the course of human life, most countries do not classified mining as a secret work rather it is a public wealth that must be published. We do know Bloomberg business work but in this video no business data have been expressed include deposit amount, other than cooper metals, annual production, internal or external buyers and other business information.

  • @charleskaleyo6389
    @charleskaleyo6389 4 роки тому +2

    Interesting stuff 💪

  • @TheMadVulpen
    @TheMadVulpen 5 років тому +1

    Thx UA-cam recommendations

  • @sjlnetwork
    @sjlnetwork 2 роки тому

    awesome video.. love it

  • @fredmoller1675
    @fredmoller1675 5 років тому +5

    That's a SHAFT not a vertical tunnel, btw, I used to muck on the 9500' at Kidd Creek in Timmins, ON.

  • @Bigsoot7393
    @Bigsoot7393 Рік тому +3

    They mine this way in Australia, very uneasy can feel and hear the ground moving and crumbling above you, also creates massive subsidence on surface because the whole ground is caving into a sinkhole in theory, also can create air gaps when rock gets hung up then when it falls creating huge blasts of air killing people. But hey it's cheaper

  • @Figjamfishslayer
    @Figjamfishslayer 5 років тому +5

    This is bound to pay off at some point.

  • @probegt75
    @probegt75 3 роки тому +4

    I work in a coal mine #8 seam...best job in the world. Working underground is great. With any job some days are worse than others but there's been a lot of Sundays I got double time ($75 hr) for an hour or 2 of work then sleep the rest of the shift...lol. That doesn't happen at many other jobs. If I lose this job I don't know if I could ever work at a normal job...lol

    • @camd4648
      @camd4648 2 роки тому

      Hey man, Hope you're still digging! Just recently landed a Heavy Diesel job, working in the Stone mines, excited for a new view!

  • @danielcoronado9340
    @danielcoronado9340 5 років тому +1

    I did a shutdown for rio tinto out in Salt Lake City UT 😎pretty to hear about this

  • @papabits5721
    @papabits5721 5 років тому +8

    maccasa mine kirkland lake ontario is 7325 ft deep single lift .

  • @user-ls9jl1no5i
    @user-ls9jl1no5i 8 місяців тому

    I worked for cobre mining company i wasa under ground crusher operater it was the best job that I had All of my family's where miners😎

  • @tyjomello
    @tyjomello 2 роки тому +1

    Interesting to think that the discovery of so much copper could bring its price down.

  • @kennethwallace4338
    @kennethwallace4338 5 років тому

    No way.
    Great video

  • @Steve211Ucdhihifvshi
    @Steve211Ucdhihifvshi 5 років тому +7

    7000feet... whats that about 3 meters?

  • @asafgl4281
    @asafgl4281 2 роки тому

    Wish i could work there !! I was working in a copper mine in middle east !!!

  • @indicus9075
    @indicus9075 5 років тому +2

    It’s rock hard inside the shaft

  • @DevonCats2
    @DevonCats2 6 років тому +49

    Are they hiring? How do I apply for a job with them?

    • @Chocolate_dragon
      @Chocolate_dragon 6 років тому +18

      Joe Smith I'm ready. Got 16 years in coal I'm ready for a change to metal!

    • @Tombomb1816
      @Tombomb1816 5 років тому +49

      try google instead of people on UA-cam.

    • @hurstshiftin9873
      @hurstshiftin9873 5 років тому +6

      Hear its not easy to get in there. Think they employ all of copper cliff. Id love to work there aswell. Think they want people that have been to university mostly from what ive gathered so far.

  • @papabits5721
    @papabits5721 6 років тому +11

    Macassa mine in Kirkland lake Ontario was 7325 feet deep And was at one time the deepest single lift shaft in the western hemisphere . Creiton mine in Sudbury Ontario.over 7000 ft deep. Kidd creak mine in Tiimmins Ontario is the deepest base metal mine in the world almost 3000 metres.

  • @cdickey3211
    @cdickey3211 4 роки тому +3

    According to U.S. copper data 1.85 million metric tons was consumed of unmanufactured copper in 2018. If this mine can feasibly produce a 1/4 of total consumption, at a cost of $2.77 per pound currently... Then 🤑$$$ inside of 3-4 years. That is if permits, malfunctions and operation costs don’t become their demise! And I thought oil companies took big risks. Wow!

    • @jw6921
      @jw6921 9 місяців тому

      Copper is not the only product they will get out of the mine. There will be gold, silver, lead, zinc, moly, the list goes on that all add into the money they will make. There's really little risk so to speak besides getting the permit. They know exactly what's there so the benefit outweighs the initial costs. You also have to consider that copper is considered vital to national and economic security along those line more is needed for the push for clean energy as well.

  • @billcoley8520
    @billcoley8520 4 роки тому +12

    Those core samples are amazing. I wish the public had more access to view those core samples. Kinda like NASA not revealing many pictures of outer space

    • @jordenmarshall4113
      @jordenmarshall4113 10 місяців тому

      They get pretty boring when you look at them all day haha

    • @sketchyAnalogies
      @sketchyAnalogies 3 місяці тому

      Yeah and mining companies get very very touchy about their assets. They don't talk about where they explore or search for assets or what they find. Tight kipped until operations start. It also influences price of copper, which is important to them, as well as stock price.

  • @Clark_Kent_ZA
    @Clark_Kent_ZA 2 роки тому +1

    South Africans: "Hold my Castle Lager"

  • @Mickanosh
    @Mickanosh 3 роки тому +3

    4:40 little did they know something bad was going to happen to the whole world

  • @keerongill7310
    @keerongill7310 Місяць тому

    Rip to all the brave workers who lost their life in this mine collapse . Many of the victims can be seen in this video! So sad 😭

  • @marshthefox6668
    @marshthefox6668 5 років тому +1

    As a geology student, I have a little more respect for people who work at harvesting natural resources after finding out gambles some of these companies take to obtain minerals and other commodities. 6 Billion is a lot, but even regular natural gas wells can run well into the millions before the first round of hydrolic fracturing takes place.

    • @Dusty0813
      @Dusty0813 2 роки тому

      Frac Frac Baby. Hehe. first job I ever actually prided myself in. Still in. going strong.

  • @naecnanjingautoelectricco.8664
    @naecnanjingautoelectricco.8664 3 роки тому

    There are some pipes inside the copper mine,with yellow/blac color, what are those pipes used for? And what is the material of the pipes?

    • @SideOfBac0n
      @SideOfBac0n 3 роки тому +1

      Not sure how they've coloured their pipes/cables, but you can have a high pressure air, power cable/HV cable/communications cable, water and the massive yellow bag is the ventilation.

  • @nategriepentrog4662
    @nategriepentrog4662 3 роки тому +1

    Dude what shaders do you have on?

  • @xQCvY
    @xQCvY 3 роки тому +3

    I'm always scared of this elevators.

  • @huntbunt117
    @huntbunt117 5 років тому

    This is what youtubes all about baby!

  • @blanco2k
    @blanco2k 3 роки тому +3

    Hope they got their permits now

  • @stevenrowlandson4258
    @stevenrowlandson4258 6 років тому +1

    Is the ore body the only one or are there others near by?

    • @saanvisharma2081
      @saanvisharma2081 6 років тому

      Steven Rowlandson I hope, Mexico finds the world's largest copper mine in the world and they become richer than USA

  • @rosewhite---
    @rosewhite--- 4 роки тому +1

    cores show how shattered the rock is and how liquid quartz and many minerals infiltrated the cracks before hardening.

  • @kimjw001
    @kimjw001 4 роки тому +1

    2020? How is it working out?

  • @vincentrizzi9797
    @vincentrizzi9797 Місяць тому

    I’ve seen this head frame from the road. It’s between Mesa and Globe Arizona

  • @grahamt5924
    @grahamt5924 4 роки тому +2

    If this was Africa they would want it as soon as it looks profitable.

  • @blackhawk3651
    @blackhawk3651 5 років тому +3

    Creighton mine Sudbury has a shaft depth of 7080 feet .... one continuous run ... kid creek Timmins is 10000'.... heat is a huge factor . Ridiculous hot down there

    • @AH-lw2bj
      @AH-lw2bj 5 років тому

      You beat me to this comment 😁 I live in Sudbury and have worked down on the 8600' level of Creighton during development

    • @kevincone2839
      @kevincone2839 4 роки тому

      I have worked in the underground potash mines in Saskatchewan. Friggin hot like the warmest summer day you can imagine. When you sweat don’t rub your forehead or eyes, or they burn from the potash dust. I learned the hard way 😂😂

  • @rottenpoet6675
    @rottenpoet6675 4 роки тому +1

    so its 2020....did they started with the copper? or just still undermining :D

    • @HunterTeddy010
      @HunterTeddy010 2 роки тому

      Nope, because they dug it under a couple of protected sites just sort of hoping they'd get the rights to the land above so they could carry on.

  • @harrison6082
    @harrison6082 5 років тому +2

    This way of mining sounds dangerous.
    Do they have to do it that way?

    • @isee7668
      @isee7668 3 роки тому

      Life is dangerous.

  • @agoniaXdunya
    @agoniaXdunya 4 роки тому +1

    The man bucket is how you get in and outta the shaft

  • @aaronwilcox6417
    @aaronwilcox6417 3 роки тому +1

    It might be a safe method of mining but it also might not be. Theres phenominon called rock bursts that can occur under active fault zones that are associated with fault and orebodies and they could start occuring being in that deeo or in an active geologic area. Its not the top or "back" one need worry about but rather thrust or energy released by fault slippage and the ribs and floor heave from immense pressure and release of energy. It may or may not happen here, im not in the know about their geology here

  • @fuckgoogle792
    @fuckgoogle792 6 років тому +15

    i wouldn't have picked up a shovel without the permits first. that should've been number uno.

    • @Kevin-pn1th
      @Kevin-pn1th 5 років тому +4

      It makes sense that this man starts the job without the permits because if he didn't someone else would have, and if/when the permits clear that he is going to be stinking rich. Some politician is going to get filthy rich getting this man the permits he needs for this job to continue.

  • @papabits5721
    @papabits5721 5 років тому

    Single lift shaft deepest in the western hemisphere, Kirkland Lake Ontario 7325 ft Timmins Ontario Kidd mine 9300 ft the deepest copper mine in the world.

  • @jamesturton6894
    @jamesturton6894 5 років тому

    Where are they located so I work

  • @jameshaxby5434
    @jameshaxby5434 4 місяці тому

    Many copper mines also produce gold. Does this one ?

  • @ericsimonson6127
    @ericsimonson6127 4 роки тому +1

    COOL

  • @askartop2628
    @askartop2628 2 роки тому

    is it worling now?

  • @joeygruszkowski7826
    @joeygruszkowski7826 3 роки тому

    Well its 2020 did they get the permit

  • @firdauszulkipli3478
    @firdauszulkipli3478 4 роки тому +2

    Ohmg 20minutes to go down

  • @jamiehughes5573
    @jamiehughes5573 Рік тому

    I always prefered underground mines over open pit mines

  • @jiangyongguo
    @jiangyongguo Рік тому

    Hello friends, does your company and lithium ore provide copper ore supply? I come from China.

  • @toms7947
    @toms7947 4 роки тому +5

    Is it just me or does it seem like a really bad idea to blow up the rock above the tunnel?

  • @jeffstarzw
    @jeffstarzw 5 років тому

    it was no longer investment, but hope for return.

  • @southsideman4891
    @southsideman4891 5 років тому

    Interesting

  • @whatsupbudbud
    @whatsupbudbud 5 років тому +2

    So why isn't the heat used as a geothermal energy source?

    • @gracefool
      @gracefool 5 років тому

      It is. They pipe cold water down to keep the men from overheating and pump hot water back up. But because they have to lift the water so far it's not energy positive (but it is an efficient air conditioning system).

    • @whatsupbudbud
      @whatsupbudbud 5 років тому

      @@gracefool Heat goes up on its own. Anyway, perhaps a turbine could be used to generate electricity at the bottom.

    • @gracefool
      @gracefool 5 років тому

      @@whatsupbudbud Heat doesn't go up fast enough. You have to remember that the natural climate down there is hot. The only way to make it cool is actively. Heat transfers *slower* in air than in rock unless you're driving it with massive fans. So they pump water.

  • @mikkelbmc5896
    @mikkelbmc5896 5 років тому

    Oh yeah yeah

  • @notyourchicken244
    @notyourchicken244 4 роки тому +1

    I wanna work there

  • @jollycooperator2876
    @jollycooperator2876 5 років тому +4

    I imagine this method is far more dangerous..

  • @jameshaxby5434
    @jameshaxby5434 4 місяці тому

    How did they discover the deposit, or first suspect that it was there ?

    • @sketchyAnalogies
      @sketchyAnalogies 3 місяці тому

      It's near Globe and Miami, AZ. An absolutely huge mining town. Over the past many many years there's been many companies extracting lots of copper. I believe the ore body was discovered awhile ago, but it wasn't commercially viable. Too deep and too low grade (low % copper). The new shaft is Shaft 10 if I remember? Look up the Queen Creek mine in Miami AZ for more info on its history. It's really cool

  • @rossbryan6102
    @rossbryan6102 5 років тому +23

    ST PETER AT HEAVENS GATE TO COPPER MINER-
    " PASS THROUGH BROTHER, YOU ALREADY DID YOUR TIME IN HELL"!!!

    • @Cessna172SNavIII
      @Cessna172SNavIII 4 роки тому +1

      The great Tennessee Ernie Ford sang in his song “16 Tons”, “Saint Peter don’t you call me cause I can’t go, I owe my soul to the Company Store.”

  • @j.r.w7636
    @j.r.w7636 5 років тому

    How’d they find it lol

  • @Cmcmillen77
    @Cmcmillen77 2 роки тому

    Wonder if this mines working yet

  • @aww4954
    @aww4954 4 роки тому

    Wow

  • @boblongbow9170
    @boblongbow9170 5 років тому +2

    never been done before but there is a permit for that. sounds crooked

    • @argenys8
      @argenys8 5 років тому +2

      i think the permit is just for mining in general

  • @wildwest1832
    @wildwest1832 3 роки тому

    They get to it. Whoops we were wrong no copper actually there.

  • @adamesreb6016
    @adamesreb6016 3 роки тому +1

    Yeeeeeeeeet this is for school

  • @friendofcoal
    @friendofcoal 5 років тому +4

    How much gold is mined along with the copper, because copper itself isn't worth an investment like that?

    • @blksouthk
      @blksouthk 5 років тому

      friendofcoal It is with the amount of copper they get out of it it is the 4th largest copper mine in the world, obviously you didn’t pay attention to the video.🙄

    • @friendofcoal
      @friendofcoal 5 років тому +4

      @@blksouthk Phelps Dodge, a former copper miner, was actually a large gold producer just from the incidental gold mixed in with their copper deposit which they were mining.

    • @sketchyAnalogies
      @sketchyAnalogies 3 місяці тому

      Not much! Other southwestern mines also have gold like you said. This ore body is low grade copper, but it's absolutely massive. There may be trace trace gold, but the vast vast majority of money is from copper. Gold will probably be looked at at the refining process with rare earth elements. The ore isn't rich to begin with so, there is definitely not much gold.

  • @markdent4052
    @markdent4052 4 роки тому

    Is that located in Baghdad az ???

  • @amhar810
    @amhar810 5 років тому +1

    It is 20.9 km guys

  • @hilmonstigler5665
    @hilmonstigler5665 2 роки тому

    Cool beens

  • @theotherside931
    @theotherside931 5 років тому

    *I am not an expert but when they blast underneath, what stops the surface that loses support foundation from carving in?*
    *And $6 billion invested in this? Who pumps in $6b in a project that won't yield a single profit for the next 6-7 years? How much copper value is down there plus all expenses considered?*

    • @zacharythomas7789
      @zacharythomas7789 5 років тому +1

      Coppers demands been up for years

    • @wamyx8Nz
      @wamyx8Nz 5 років тому +1

      Japan has negative interest rates, America had 0% interest rates for 7 years under Obama to prop up the stock market and maintain the illusion of prosperity. It also made it incredibly easy for companies to borrow money, as even a tiny interest rate is better than 0%. They even mention this in the beginning.
      This leads to malinvestment and mis-allocation of capital in the long run. It is not a coincidence that this started in 2008.

    • @sketchyAnalogies
      @sketchyAnalogies 3 місяці тому

      Also, the mine is relatively cheap to operate. It just front loads the total lifecycle costs

  • @leonkellerhuis3642
    @leonkellerhuis3642 3 роки тому

    Dig baby dig

  • @dreadfulbadger
    @dreadfulbadger 4 роки тому +2

    so the people are gonna dig straight up? *minecraft flashbacks*

  • @brownsugar5191
    @brownsugar5191 4 роки тому +9

    Why do I feel we are going to run out of earth😬

    • @Beniamin6665
      @Beniamin6665 3 роки тому

      Just head on over to asteroids ☄️ and millions of other planets... There are many to around.

  • @Macedonia270
    @Macedonia270 2 роки тому

    My first job was on a South African Gold Mine at 17 years old and it was at 13,000 ft deep....I thought it was normal as I did not know any better...I am a third generation miner....

  • @rickchapman4240
    @rickchapman4240 5 років тому

    What company owns this mine

    • @LegendaryJim
      @LegendaryJim Рік тому

      the people of the united states. it's a national forest... lol...

  • @stephenpaul1371
    @stephenpaul1371 7 місяців тому

    Just imagine when finding another planet with resources we can use besides what we use now. .that's why I wish had me a spaceship and find and claim that planet and build a mega powerful world through resources from the planet .I wouldn't need too much of what we use steel Cooper metal iron coal diamond etc that planet have what we need right too get too its planet in five weeks that will take us what we have 500 years too get there.unbelievable