Sep 9, 2015

[PHOTOS] Top 10 Largest Open Pit Mines in the World

Admin
5 min
Top 10 Largest Open Pit Mines in the World
Open-pit mining is one of the most commonly used techniques to extract minerals from the Earth. The process, which is also known as “opencast m...

Open-pit mining is one of the most commonly used techniques to extract minerals from the Earth. The process, which is also known as “opencast mining,” “open-cut mining” and “strip mining,” is used when deposits are located close to the surface, and entails digging or blasting from the ground level to extract ore. 

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Along with being highly cost effective and efficient, this digging method results in massive holes that are both impressive and spectacular for onlookers. We showcase the largest open pit mines the mining industry has to offer: 

10. Escondida Copper Mine

Located in the vast landscape of the Atacama Desert in Chile, the Escondida Copper Mine is one of the largest open pit mines in the world. Consisting of two open mines – Escondida Pit and Escondida Norta – the mine is 3.9 kilometer long, 2.7 kilometers wide and 645 meters deep. The mine ranks as the third deepest open-pit operation.

Owners of the Escondida mine include BHP Billiton, which owns a 57.5 percent stake, and Rio Tinto, which owns a 30 percent interest.

9. Udachny Diamond Mine         

The Udachny Diamond Mine, located in the Eastern-Siberian Region of Russia, is one of the largest open pit operations within Russia, and one of the largest and deepest in the world. Owned and operated by Russia’s state-owned company ALROSA, the open-pit operation has been in production since 1971 and is scheduled to close in 2015. The mine will reopen with underground operations and is expected to commenced commercial production by the end of 2015. According to Alrosa, there is an estimated diamond reserve of 108 million carats for Udachny underground mining.

8. Chuquicamata Copper Mine

For more than a century, the Chuquicamata Copper Mine in Santiago, Chile has been producing massive amounts of copper.  Owned and operated by Codelco, the gigantic mine measures at 4.3 kilometers long, three kilometers wide and more than 850 meters deep, making it the second deepest open-pit mine in the world.

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According to Codelco, the company is planning to transition operations to underground by the end of 2018, which is estimated to contain 1.7 billion tons of copper reserves.

7. Grasberg Mine

In terms of gold mines, the Grasberg Mine is the Holy Grail of the mining world. The man-made hole ranks as the largest producing gold mine in the world and the second largest producing copper mine. The gargantuan Grasberg mine is also one of the deepest mines, measuring an astonishing 550 kilometers deep.

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Located in the Papua province of Indonesia, the gold mine is operated by Freeport Indonesia – a subsidiary of Freeport-McMoRan Copper & Gold – and consists of both open-pit and underground operations, producing gold, copper and silver.

6. Hull-Rust-Mahoning Mine

What began as an underground mine has transformed into one of the biggest open-pit mines in the world. Nicknamed the “Grand Canyon of the North,” the Hull-Rust-Mahoning Mine in Minnesota, US measures a whopping eight kilometers long, 3.2 kilometers wide and 180 meters deep.

Since 1895, the mine has shipped more than 800 million tons of iron and removed more than 1.4 billion tons of earth and 2,000 acres of land. The mine is so gigantic that it has become a national monument for Minnesota. 

5. Diavik Diamond Mine

The Diavik Diamond Mine in Canada is one of the largest open pit mines in the world. Built in 2003, the diamond mine measures roughly seven kilometers wide and produces roughly eight million carats a year.  The mine, which is situated on an island in the middle of Lac de Gras in the Northwest Territories of Canada, is an unincorporated joint venture between Rio Tinto and Dominion Diamond Diavik Limited.

4. Kimberly Diamond Mine

Often referred to as “The Big Hole,” the De Beers-owned Kimberly Diamond Mine in South Africa is the largest open-pit mine excavated by hand. The perimeter of the mine is 1.6 kilometers and it plunges over 200 meters deep. 

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Although the mine has been closed down since 1914, the gargantuan hole continues to attract visitors from around the world and is currently in progress to become registered as a World Heritage Site.

3. Kalgoorlie Super Pit

Bigger is always better in the mining industry, and the Super Pit gold mine in Australia is as big as it gets. The canyon-size hole - which is visible from space! – measures roughly 3.8 kilometers long, 1.5 kilometers wide and approximately 600 meters deep! It’s the largest open-pit mine in Australia and makes our list at number three in the world.

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Also known as “The Fimiston Open Pit,” the gold mine is owned and operated by Kalgoorlie Consolidted Gold Mines (KCGM), a company owned 50/50 by Barrick Gold and Newmont Mining. 

2. Mir Diamond Mine

The Mir Diamond Mine in Eastern Siberia, Russia is a former open-pit mining operation that took place from 1957 until 2001. Popularly known as the “Mirny Mine,” the site produced 10 million carats of diamonds annually during its peak years of operations. Now closed, the mine is still the largest excavated hole in the world—stretching 1,200 meters in diameter and reaching depths of 525 meters.

1. Bingham Canyon Mine

Believe it or not, Utah is home to the largest open-pit mine in the world. Located south-west of Salt Lake City, the Bingham Canyon Copper Mine is roughly four kilometers wide and over 1.2 kilometers deep—that’s like two of the Willis Towers in Chicago on top of each other. First discovered in 1848, the copper mine has gained a mythical reputation for its gargantuan stature, as well as produces massive amounts of copper, including millions of ounces gold, silver and molybdenum.

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Jan 30, 2019

Deloitte predicts industry transformation - Tracking the Trends 2019 report

Operations
Automation
Deloitte
Daniel Brightmore
3 min
Deloitte reveals top ten trends transforming mining in annual Tracking the Trends report
Deloitte has published the eleventh edition of its an...

Deloitte has published the eleventh edition of its annual report on the mining industry. Tracking the Trends identifies the top ten trends transforming the future of mining in 2019

The Deloitte report endeavours to provide the mining industry with insights it can leverage to support its continued quest for productivity, capital discipline, strategic development and sustainable growth.

Philip Hopwood, Deloitte’s Global Leader - Mining & Metals, commented: “It appears that the mining industry is poised for greater growth than it’s seen in a decade, but today’s market realities are very different than those of the past. We’re now dealing with geopolitical tensions in the form of trade wars and tariff concerns, as well as looming asset shortages. Rising commodity prices should fuel expansion, but could also result in a return of inflation and the costs that go with it, eventually eating into margins. 

Disruption and volatility has become the new normal and the pace of change is outpacing our ability to adapt. This makes it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again.” 

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Here are the key messages provided by the 2019 report:

  • Disruption and volatilitymake it imperative for mining companies to clarify how they plan to drive value into the future and how they intend to respond when prices inevitably drop again. To thrive into the future, mining companies will need to challenge the status quo by soliciting a diversity of opinions and taking the risk to do things differently. 

 

  • Technology and artificial intelligence (AI) will play akey role, not only in helping companies envision future scenarios, but in identifying risks at an enterprise level and transforming the supply chain. Moreover, advances in finance platforms, sensor technology, autonomous vehicles, cloud- based solutions, and analytics are paving the way for the design of a digital mine. 

 

  • Understanding the needsand perceptions of people both inside and outside the organization will be critical. Companies must build amore diverse workplace and address succession planning, while fostering loyalty and retention among existing employees. At the same time companies must do more outreach to local communities, governments, and consumers so they can be more transparent and receptive. 

 

Top Ten Trends Transforming the Future of Mining:

  1. Rethinking mining strategy - Embedding the discipline to deliver measurable value across the cycle 
  2. The frontier of analytics and artifcial intelligenceMoving up the maturity curve 
  3. Managing risk in the digital era - Exploring a new approach to controls and risk management 
  4. Digitizing the supply chain - Why innovation requires integration 
  5. Driving sustainable shared social outcomes - Finding value beyond compliance 
  6. Exploring the water-energy nexus - Making the case for a systematic approach 
  7. Decoding capital projects - Learning from past mistakes
  8. Reimagining work, workers, and the workplace - A blueprint for the future 
  9. Operationalising diversity and inclusion programs - From theory to practice 
  10. Demanding provenanceEVs and battery minerals provoke the desire for provenance 

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