The Economic Aspect of GeologyLeith, C. K. (Charles Kenneth)
Science
The Economic Aspect of Geology
Leith, C. K. (Charles Kenneth)
Geology, Economic
Before the war German interests had a considerable control over the
American copper industry through close working arrangements with
electrolytic refineries. Germany was the largest foreign consumer of
copper, and German companies bought large quantities of the raw copper
in the United States, Canada, Mexico, and South America, had it refined,
and sold the finished material in both the American and foreign markets.
During the war this control was broken up.
In view of the importance of copper metal as a raw material,
particularly in the electrical industry, the strength of the United
States in copper as a key resource ranks even above its control of
petroleum.
In the United States in recent years about 40 per cent of the annual
production of copper has come from Arizona, chiefly from the Bisbee,
Globe, Ray-Miami, Jerome, and Morenci-Metcalf districts; about 18 per
cent has come from the Butte district of Montana; about 12 to 15 per
cent from Keweenaw Point, Michigan; and about 12 per cent from Bingham,
Utah. From 3 to 5 per cent of the country's output comes from each of
the states of New Mexico, Nevada, Alaska, and California. All other
states together produce only a little over 2 per cent of the total.
The so-called "porphyry" coppers in Utah, Arizona, Nevada, and New
Mexico, described below, are the source of about 35 per cent of the
present production of the United States. The deep mines of Butte and
Michigan are responsible for about 30 per cent of the production, and
the ore bodies of Arizona (other than porphyry) and of Alaska produce
about 25 per cent.
Reserves of copper ore are such as to give no immediate concern about
shortage, nor to indicate any large shift in the distribution of
production in the near future. Development is on the whole considerably
in advance of present demands. The principal measured reserves are in
the so-called porphyry coppers of the United States and Chile. In the
United States the life of these reserves now estimated is approximately
25 years. The reserves of the Chile Copper Company are the largest of
any known copper deposit in the world, and the Braden copper reserve
(also in Chile) is among the largest. For the deep mines of the United
States, the developed reserves have a life of perhaps only five years,
but for most of these mines the life will be greatly extended by further
and deeper development. The porphyry coppers, because of their
occurrence near the surface and the ease with which they may be explored
by drilling, disclose their reserves far in advance. The deep mines are
ordinarily developed for only a few years in advance of production.
GEOLOGIC FEATURES
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