Is the Grasberg mine still open?
Is the Grasberg mine still open?
At 31 December 2020 Grasberg had proven and probable mineral reserves of 33.4 billion pounds (15.1 million tonnes) of copper, 28.3 million ounces of gold and 130.6 million ounces of silver….Grasberg mine.
| Location | |
|---|---|
| Financial year | 2020 |
| History | |
| Opened | 1972 |
| Owner |
How much money does Grasberg mine make?
At full tilt in 2022, the Grasberg complex will produce 1.55 billion pounds (703kt) of copper and 1.6 million ounces of gold per year, which at today’s prices are worth $7.9 billion.
Can you visit Grasberg mine?
Know Before You Go Grasberg Mine is located in the village of Tembagapura in the Papua province of Indonesia. It’s about 60 miles north of Timika, and not far from Puncak Jaya, the highest mountain in Papua. Tours of the mine can be arranged.
What is the highest mine in the world?
Bingham Canyon Mine is the biggest mine in the world. It is an open pit mine based in the state of Utah, USA and is known for its copper production. The mine itself is estimated to hold around 19 million tons of copper across the 1900 acres of land.
How much is the land of the Grasberg mine worth today?
Majority-owned by the American mining firm Freeport McMoRan, Grasberg is now Indonesia’s biggest taxpayer, with reserves worth an estimated $100bn (£80bn).
Who owns largest gold mine?
Newmont Goldcorp
The Big 10
| Rank | Name | Reserves Moz |
|---|---|---|
| 1 | Newmont Goldcorp | 85.0 |
| 2 | Barrick Gold | 140.2 |
| 3 | Franco-Nevada | 113.726 Jan’16 |
| 4 | Polyus Gold | 74.1 |
Who owns the Grasberg gold mine?
Grasberg has produced 528 billion ounces of copper and 53Moz of gold during the period between 1990 and 2019. The mine is jointly owned by Freeport McMoran (48.8%) and Inalum (51.2%). Credit: Arttoday via Shutterstock.
Where is the world’s largest gold mine?
1. Muruntau, Uzbekistan. The Muruntau mine in Uzbekistan is the largest gold mine in the world in terms of production. In a single year, Muruntau produces over 2 million ounces of gold.
Where exactly is the deepest man made open pit mine in the world?
The Bingham Canyon Mine, also known as the Kennecott Copper Mine, is in the US state of Utah. Originally discovered by Mormon pioneers in the 1800s, it is the deepest open pit mine in the world at over 1.2km deep and covering an area of 7.7 square kilometres (visible from outer-space).
What is the largest nugget of gold ever found?
the Welcome Stranger
Holtermann ‘Nugget’: 10,229oz. While the Welcome Stranger is the largest gold nugget ever discovered, the single biggest gold specimen ever found is the Holtermann. Dug up in October 1872 by German miner Bernhardt Holtermann at Hill End in New South Wales, it was crushed, and the gold extracted.
Who owns West Papua?
Indonesia
Unsourced material may be challenged and removed. West Papua (Indonesian: Papua Barat), formerly Irian Jaya Barat (West Irian), is a province of Indonesia. It covers the two western peninsulas of the island of New Guinea, Bird’s Head Peninsula and Bomberai Peninsula, along with nearby islands.