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Freeport-Mcmoran Annual Report 2020
Freeport-McMoRan Annual Report 2020 Form 10-K (NYSE:FCX) Published: February 14th, 2020 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the fiscal year ended December 31, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to Commission file number: 001-11307-01 Freeport-McMoRan Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 333 North Central Avenue Phoenix Arizona 85004-2189 (Address of principal executive offices) (Zip Code) (602) 366-8100 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.10 per share FCX The New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act ☑ Yes ☐ No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. ☐ Yes ☑ No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
View Annual Report
PROVING OUR METTLE 2015 Annual Report Freeport-McMoRan Inc. (FCX) is a natural resources company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, molybdenum, cobalt, oil and natural gas. FCX is the world’s largest publicly traded copper producer, the world’s largest producer of molybdenum, and a significant gold, oil and natural gas producer. FCX’s portfolio of metal assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in North and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru; and the Tenke Fungurume minerals district in the Democratic Republic of Congo. FCX’s portfolio of oil and natural gas assets includes growth potential in the Deepwater Gulf of Mexico, established oil production facilities onshore and offshore California, large onshore natural gas resources in the Haynesville shale in Louisiana, natural gas production from the Madden area in central Wyoming, and a position in the Inboard Lower Tertiary/Cretaceous natural gas trend onshore in South Louisiana. During 2015, FCX took actions to enhance its financial position in response to lower market prices for its primary commodities. Current market conditions and uncertainty about the timing of economic and commodity price recovery requires FCX to continue taking actions to strengthen its financial position, reduce debt and re-focus its portfolio of assets. FCX’s business strategy is focused on its position as a leading global copper producer. -
Sierrita Mine from Mine to Me How Copper Ore Becomes Copper Wire
Sierrita Mine From Mine to Me How copper ore becomes copper wire Arizona Copper Mines 3 Copper Sulfide Ore 5 Copper Oxide Ore 8 Exploration 11 Open Pit Mining 22 Crushing and Milling 37 Flotation 46 Smelting 54 Leaching Oxide Ore 71 2012 Heap Leaching 76 by Jan C. Rasmussen, Ph.D. Solvent Extraction 82 Electrowinning 87 Fabricating - Rod Mill 96 Electrorefining 100 Reclamation 112 Uses of Copper 118 2 Arizona Copper Mines • Bagdad • Bisbee • Carlota • Hayden Smelter • Johnson Camp • Miami • Mineral Park • Mission • Morenci • Pinto Valley • Ray • Resolution • Rosemont X San Manuel • Safford • San Manuel • Sierrita X Bisbee • Silver Bell • Tohono 3 Copper sulfide ore and copper oxide ore are processed in different ways. Exploration Mining Concentrating Sulfide Ore Copper Products Smelting To Customer Rod, Cake, and Cathode Oxide Ore Leaching Solvent Extraction Electrowinning Refining Copper Anodes to Texas Copper Product to Customer (Ray and Silver Bell) 4 Cathode Sulfide ore: Chalcopyrite & Bornite Chalcopyrite Chalcopyrite can be called copper fool’s gold. It is made of copper, iron, and sulfur. It is a brassy yellow, metallic mineral and it is very heavy. Chalcopyrite is not as hard as pyrite, which is called fool’s gold. Chalcopyrite will not scratch glass, but will scratch a copper penny. Pyrite will scratch glass. Chalcopyrite is also a brighter yellow than pyrite. It often tarnishes to a blue-green, iridescent color on weathered surfaces. Chalcopyrite is the main copper sulfide ore. Chalcocite Bornite is also known as Peacock Copper because of the blue-green tarnish. On freshly broken surfaces, it is Chalcocite is a sooty black, bronze colored. -
Pima County, Arizona | Case Studies
FOR DISCUSSION PURPOSES ONLY DRAFT MULTI-STAKEHOLDER GROUP 06/10/2016 Pima County, Arizona | Case Studies Copper is a major industrial metal used in construction, electronics, transportation, industrial machinery, and consumer products. In 2014, the U.S. was the world’s fourth- largest copper producer, mining 1.13 million tons of copper worth approximately $9.7 billion.i Of the five major copper-producing states (Arizona, Utah, New Mexico, Nevada, and Montana), Arizona increased production the most in 2014; its copper output totaled 893,000 metric tons, representing 66% of the national total.ii Copper represented 89% of the value of mining in Arizona.iii If Arizona were a country, it would be the seventh largest copper producer in the world.iv Greenlee and Pima counties generated the majority of that production. Geology and history In Pima County, much like nearby Greenlee County, copper mining began in the 1870s. Mining activity in Pima County flourished in the late nineteenth century, particularly as the arrival of the Southern Pacific Railroad brought increased commerce and traffic to the region. The copper-mining industry followed a series of boom-and-bust cycles throughout the following decades, with particular spikes during the two world wars, when demand soared. Today, copper output in Pima County is driven by operations at three open-pit mines: Sierrita, Mission Complex, and Silver Bell. Production In 2014, the combined copper production from Pima County’s three major mines totaled 175,000 metric tons.v This output constituted 22% of national production for that year.vi Freeport-McMoRan Inc. manages the Sierrita mine, the top-producing operation in the county, while ASARCO LLC owns both the Mission Complex and Silver Bell mines. -
Effects of Hydrothermal Alteration on the Geomechanics of Degradation at the Bagdad Mine, Arizona
Effects of Hydrothermal Alteration on the Geomechanics of Degradation at the Bagdad Mine, Arizona Item Type text; Electronic Thesis Authors Coutinho, Paulo Citation Coutinho, Paulo. (2020). Effects of Hydrothermal Alteration on the Geomechanics of Degradation at the Bagdad Mine, Arizona (Master's thesis, University of Arizona, Tucson, USA). Publisher The University of Arizona. Rights Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction, presentation (such as public display or performance) of protected items is prohibited except with permission of the author. Download date 05/10/2021 14:56:11 Link to Item http://hdl.handle.net/10150/648603 EFFECTS OF HYDROTHERMAL ALTERATION ON THE GEOMECHANICS OF DEGRADATION AT THE BAGDAD MINE, ARIZONA by Paulo Coutinho ______________________________________________________________________________ Copyright © Paulo Coutinho 2020 A Thesis Submitted to the Faculty of the DEPARTMENT OF MINING AND GEOLOGICAL ENGINEERING In Partial Fulfillment of the Requirements For the Degree of MASTER OF SCIENCE WITH A MAJOR IN MINING, GEOLOGICAL, AND GEOPHYSICAL ENGINEERING In the Graduate College THE UNIVERSITY OF ARIZONA 2020 2 3 Acknowledgements I would like to extend my sincere gratitude to my advisors, Dr. John Kemeny and Dr. Isabel Barton, for their crucial role in guiding me through my graduate studies. I would also like to thank my thesis committee members, Mr. Keith Taylor, for his valuable support and enlightening comments. Dr. Sergio Castro Reino for his resources and experience involving rock mass degradation. Furthermore, I would like to thank my coworkers at Freeport McMoRan Inc. for providing me geology and geological engineering knowledge pertaining to the Bagdad deposit, and Call & Nicholas for their constructive criticisms regarding my modeling techniques. -
The Mineral Industry of Arizona in 2014
2014 Minerals Yearbook ARIZONA [ADVANCE RELEASE] U.S. Department of the Interior June 2019 U.S. Geological Survey EXPLANATION Gyp County producing only construction sand and gravel County producing both construction MOHAVE sand and gravel and crushed stone COCONINO County boundary ^ Capital city Nonfuel mineral commodity Ag Silver Au Gold Cu,Ag Lime Bent Bentonite DS IS Cem Cement plant Pum NA VAJO IS Clay Common clay and (or) shale Gem AP ACH E Cu Copper Cem Cem DS Dimension stone Gem Gemstones Cu,Au,Mo,Ag DS Gyp Gypsum IS Industrial sand YAVAP AI Lime Lime plant Bent Mo Molybdenum GILA Au,Ag Per Perlite LA PAZ MAR ICO PA Pum Pumice PHOENIX Salt ^ Gem GRE EN- Re Rhenium Gem LE E Salt Salt Clay Zeo Zeolites Cu,Ag Cu,Au, Gyp Cu Mo,Ag YUMA Gyp GRA HAM PINAL Zeo Cem Cu Zeo PIMA Cu Zeo Cu,Mo,Ag Cu,Mo,Re CO CHISE 0 30 60 MILES Per Base from U.S. Geological Survey digital data 0 30 60 KILOMETERS Albers Equal-Area Conic projection SAN TA CRU Z Figure 1. Map showing major nonfuel-mineral-producing areas in Arizona in 2014. Sources: Arizona Geological Survey and U.S. Geological Survey. The Mineral Industry of Arizona By Madan M. Singh This chapter has been prepared under a Memorandum of Understanding between the U.S. Geological Survey and the Arizona Geological Survey for collecting information on all nonfuel minerals. In 2014, in the State of Arizona (fig. 1), the value of nonfuel In 2014, the production quantity of construction sand and mineral production1 was $7.96 billion. -
Failure to Capture and Treat Wastewater
U.S. OPERATING COPPER MINES: FAILURE TO CAPTURE & TREAT WASTEWATER BY BONNIE GESTRING, MAY 2019 In 2012, Earthworks released a report documenting the failure to capture and treat mine wastewater at U.S. operating copper mines accounting for 89% of U.S. copper production.1 The report found that 92% failed to capture and control mine wastewater, resulting in significant water quality impacts. This is an update to that effort. We reviewed government and industry documents for fifteen operating open-pit copper mines, representing 99% of U.S. copper production in 2015 – the most recent data on copper production available from the U.S. Geological Survey (see Table 1). Our research found similar results: 14 out of 15 (93%) failed to capture and control wastewater, resulting in significant water quality impacts (see TaBle 2). These unauthorized wastewater releases occurred from a number of different sources including uncontrolled seepage from tailings impoundments, waste rock piles, open pits, or other mine facilities, or failure of water treatment facilities, pipeline failures or other accidental releases. TABLE 1: Copper production from top 15 (as of 2015) U.S. open-pit copper mines (most recent data availaBle from USGS).2 MINE PRODUCTION (metric tons) Morenci 481,000 Chino 142,000 Safford 91,600 Bagdad 95,300 Bingham Canyon 92,000 Sierrita 85,700 Ray 75,100 Pinto Valley 60,400 Mission CompleX 68,300 Robinson 56,800 Tyrone 38,100 Continental pit 31,000 PhoeniX 21,100 Miami 19,500 Silver Bell 19,300 Total (99% of U.S. production) 1,377,000 U.S. -
Sell-1601, Molybdenum , , MILS
CONTACT INFORMATION Mining Records Curator Arizona Geological Survey 416 W. Congress St., Suite 100 Tucson, Arizona 85701 520-770-3500 http://www.azgs.az.gov [email protected] The following file is part of the James Doyle Sell Mining Collection ACCESS STATEMENT These digitized collections are accessible for purposes of education and research. We have indicated what we know about copyright and rights of privacy, publicity, or trademark. Due to the nature of archival collections, we are not always able to identify this information. We are eager to hear from any rights owners, so that we may obtain accurate information. Upon request, we will remove material from public view while we address a rights issue. CONSTRAINTS STATEMENT The Arizona Geological Survey does not claim to control all rights for all materials in its collection. These rights include, but are not limited to: copyright, privacy rights, and cultural protection rights. The User hereby assumes all responsibility for obtaining any rights to use the material in excess of “fair use.” The Survey makes no intellectual property claims to the products created by individual authors in the manuscript collections, except when the author deeded those rights to the Survey or when those authors were employed by the State of Arizona and created intellectual products as a function of their official duties. The Survey does maintain property rights to the physical and digital representations of the works. QUALITY STATEMENT The Arizona Geological Survey is not responsible for the accuracy of the records, information, or opinions that may be contained in the files. The Survey collects, catalogs, and archives data on mineral properties regardless of its views of the veracity or accuracy of those data. -
U.S.Copper Porphyry Mines and Water Quality
U.S. Copper Porphyry Mines Report THE TRACK RECORD OF WATER QUALITY IMPACTS RESULTING FROM PIPELINE SPILLS, TAILINGS FAILURES AND WATER COLLECTION AND TREATMENT FAILURES. JULY 2012 (REVISED 11/2012) TM EARTHWORKS U.S. COPPER PORPHYRY MINES: The track record of water quality impacts resulting from pipeline spills, tailings failures and water collection and treatment failures. EARTHWORKS, July 2012 (Revised 11/2012) By Bonnie Gestring Reviewed by Dave Chambers Ph. D., Center for Science in Public Participation (CSP2) TM EARTHWORKS Photos, top to bottom: TM Yankee Doodle tailings pond by Ecofight EARTHWORKS Chino Mine by Gila Resource Information Project (GRIP) Sierrita Mine by Ecofight Bird fatality at Tyrone Mine by Jim Kuipers TM EARTHWORKS TM EARTHWORKS Table of Contents ! Introduction, Methods, & Results ..................................................................................................... 4 Conclusion ……………………………………………………………………………………………………5 ! Table 1: Copper production amounts for mines reviewed in the report ................................... 6 Table 2. Synopsis of pipeline spills, tailings spills and impoundment failures, and water capture and treatment failures for 14 copper porphyry mines (1986-2012). ............... 7 Case Studies of Active U.S. Copper Porphyry Mines ! Morenci Mine, AZ…………………………………………………………………………………. 8 Bingham Canyon, UT .......................................................................................................... 10 Ray Mine, AZ ....................................................................................................................... -
DOCTORAL THESIS Chalcopyrite (Bio)Leaching in Sulphate Solutions
DOCTORAL T H E SIS Department of Civil, Environmental and Natural Resources Engineering Division of Minerals and Metallurgical Engineering Mohammad Khoshkhoo Chalcopyrite (Bio)leaching in Sulphate Solutions ISSN 1402-1544 Chalcopyrite (Bio)leaching in Sulphate Solutions ISBN 978-91-7583-507-5 (print) ISBN 978-91-7583-508-2 (pdf) An Investigation into Hindered Dissolution with Luleå University of Technology 2016 a Focus on Solution Redox Potential Mohammad Khoshkhoo Process Metallurgy Chalcopyrite (Bio)leaching in Sulphate Solutions An Investigation into Hindered Dissolution with a Focus on Solution Redox Potential Mohammad Khoshkhoo Division of Minerals and Metallurgical Engineering Department of Civil, Environmental and Natural Resources Engineering Luleå University of Technology SE– 971 87 Luleå Sweden February 2016 Printed by Luleå University of Technology, Graphic Production 2015 ISSN 1402-1544 ISBN 978-91-7583-507-5 (print) ISBN 978-91-7583-508-2 (pdf) Luleå 2016 www.ltu.se Abstract Chalcopyrite (CuFeS2) is the most abundant and the most economically important copper mineral. Increasing worldwide demand for copper accompanied by exhaustion of copper resources necessitate the development of new processes for treating lower–grade copper ores. Heap (bio)leaching of copper oxides and secondary sulphides (covellite (CuS) and chalcocite (Cu2S)) is a proven and convenient technology. However, chalcopyrite is recalcitrant to leaching and bioleaching in conventional leaching systems in sulphate media. Slow dissolution of chalcopyrite is attributed to the formation of compounds on the surface of the mineral during its dissolution and is often termed “passivation” or “hindered dissolution”. There is still no consensus about the nature of the passivation layer. There are, however, four proposed candidates suggested in the literature: metal deficient sulphides, polysulphides, jarosite and elemental sulphur. -
Final Environmental Assessment
Final Environmental Assessment Arizona Department of Water Resources Recommendation for the Reallocation of Non- Indian Agricultural Priority Central Arizona Project Water in Accordance with the Arizona Water Settlements Act of 2004 1.1.1 1.1.2 U.S. Department of the Interior Bureau of Reclamation Lower Colorado Region Phoenix Area Office Glendale Arizona November 2019 Mission Statements The Department of the Interior conserves and manages the Nation’s natural resources and cultural heritage for the benefit and enjoyment of the American people, provides scientific and other information about natural resources and natural hazards to address societal challenges and create opportunities for the American people, and honors the Nation’s trust responsibilities or special commitments to American Indians, Alaska Natives, and affiliated island communities to help them prosper. The mission of the Bureau of Reclamation is to manage, develop, and protect water and related resources in an environmentally and economically sound manner in the interest of the American public. Page i Table of Contents CHAPTER 1. PURPOSE AND NEED........................................................................................ 1 1.1 INTRODUCTION .................................................................................................................. 1 1.2 BACKGROUND ................................................................................................................... 1 1.2.1 Groundwater ............................................................................................................ -
Freeport-Mcmoran Copper & Gold Inc
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2010 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-11307-01 Freeport-McMoRan Copper & Gold Inc. (Exact name of registrant as specified in its charter) Delaware 74-2480931 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 333 North Central Avenue Phoenix, Arizona 85004-2189 (Address of principal executive offices) (Zip Code) (602) 366-8100 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $0.10 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act 5 Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes 5 No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.