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A new metric shows just how far mining productivity has declined. It also points to ways to improve productivity more effectively.
Castillo Copper Limited flagship project is the historic Cangai Copper Mine near Grafton in Northeast NSW. The project is comprised of volcanogenic massive sulphide ore deposit, with one of Australia's highest grade JORC compliant Inferred Resources for copper: 3.2Mt @ 3.35% (6 September 2017).
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Vale’s Carajas Mine Complex is the second biggest iron ore production center, which consists of three open-pit mines, namely Carajas N4E, N4W and N5, and operated as the Serra Norte Mining Center. In 2014, Carajas mines produced 120Mt of iron ore.
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Production at the mine, the first one Fortescue builds in its so-called Western Hub area, is expected to begin in December 2020. Eliwana is set to yield higher quality ore, closer to the benchmark of 62% iron content, helping the company keep an annual production rate of 170 million tonnes for over 20 years.
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Note: Mine production for China is based on crude ore, rather than usable ore, which is reported for the other countries. Despite being the largest producer of iron ore, China is also the world’s largest importer of iron ore. Chinese iron ore is of an inferior grade compared to other major producers around the world.
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