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2012 U.S. copper production at highest level in 3 years—U.S.G.S.

2012 U.S. copper production at highest level in 3 years—U.S.G.S.

U.S. production of refined copper in 2012 decreased by about 3% from that in 2011, the U.S. Geological Survey observed in a Mineral Industry Survey made public Thursday [] .

Nevertheless, mine production for the full-year 2012 was at its highest level since 2009, according to the USGS.

Copper mining production increases in Arizona, Nevada and New Mexico were partially upset by lower production in Utah, “where production at Kennecott Utah Copper’s Bingham Canyon Mine decreased by 32,000 metric tons.”

“Freeport-McMoRan Copper & Gold Inc. (FCX) reported that owing to restart of mining and milling at its Chino Mine, production from its New Mexico mines rose to 103,000 t, a 55% increase from production in 2011,” said the agency. “With ramp up at China continuing through 2013, FCX projected New Mexico production to rise to more than 150,000 t in 2014.”

The Geological Survey reported that 1,170,000 metric tons of recoverable copper was mined in the U.S. last year, up from 1,110,000 metric tons of copper mined in 2011.

M. Lee Allison

State Geologist & Director

Arizona Geological Survey

416 W. Congress, #100

Tucson, AZ 85701

+1 520 209 4121