Inside the Resolution Copper Mine, 1.3 Miles Underground

  Рет қаралды 849,882

Bloomberg Originals

Bloomberg Originals

8 жыл бұрын

Mar. 14 -- There are deeper mines in North America than the Resolution mine but none with a single shaft this long. It is a 6,943 foot concrete barrel, 30 feet in diameter bored into the mountain of Arizona and took six years to dig. Bloomberg's Matt Philips journeys toward the center of the earth to check out this engineering marvel. (video by Adam Wolffbrandt)

Пікірлер: 471
@jimbojims
@jimbojims 4 жыл бұрын
South Africa has 6 of the worlds 10 deepest operational mines. They go down to almost 13 000 feet (3.9km) now and are going deeper still. Down to about 14300 feet at the next stage. Absolutely insane.
@brokengamer9214
@brokengamer9214 2 жыл бұрын
Choda
@deathroesdoid8299
@deathroesdoid8299 2 жыл бұрын
Currently we’re at 4km @ Mponeng mine. Let me tell you when I say it’s sweltering hot at those levels😮‍💨😮‍💨
@gabebear574
@gabebear574 Жыл бұрын
Yeah but nobody care its a 3rd word country propt up by 1st world country's.................
@johnnyphillips4406
@johnnyphillips4406 6 жыл бұрын
Damnit I thought playing poker for high stakes took balls but 6 billion before you get permits that dude has balls the size of dump trucks.
@traynorrislee3249
@traynorrislee3249 5 жыл бұрын
Gotta be a risk taker to make big paper
@alco424
@alco424 5 жыл бұрын
@Thomas Solonyetski the estimated value of the copper alone, not including any other minerals, is 45 Trillion Dollars. So, yeah, it's worth the gamble if it pays off.
@jasperfatty4915
@jasperfatty4915 5 жыл бұрын
6 Billion is nothing to Rio Tinto, we have an operation $13.9 Billion operating cash flow alone...royalties and transactions not including assets are in the trillions.
@michaelbarnett2077
@michaelbarnett2077 5 жыл бұрын
By that dude you mean the Queen?
@rachelshuey7003
@rachelshuey7003 5 жыл бұрын
Yeah and if they spend that 6 billion and they start mining and they find out the vein ain't as big as they thought then they're really screwed
@joea1433
@joea1433 6 жыл бұрын
He left us hanging about how they mitigate the heat!
@danielkoelfgen9849
@danielkoelfgen9849 5 жыл бұрын
Ventilation
@jacquesmertens3369
@jacquesmertens3369 5 жыл бұрын
They open a window
@killakills8497
@killakills8497 5 жыл бұрын
With thirst Buster's
@HitLeftistsWithHammers
@HitLeftistsWithHammers 5 жыл бұрын
Urine and cottage cheese. Lots.
@weirdunclebob
@weirdunclebob 5 жыл бұрын
Basically underground air conditioning. Massive units on the surface pump chilled air down through the ventilation system.
@russg1801
@russg1801 5 жыл бұрын
Just goes to show how valuable copper is to a modern industrial economy. This has always been a relatively expensive metal but in recent years the price has skyrocketed and it's reflected in the price you pay for home electric wiring. Decades ago, things as mundane as GUTTERS and DOWNSPOUTS were made of this because it was resistant to corrosion and easy to form. Sheets of it were used as roof flashing around chimneys and vent pipes. Your whole house had copper pipe including the big drain lines; it was easy to cut and could be joined with solder rather than the threaded joints required on "iron" [actually steel] pipe. Now all that's been replaced with PVC.
@xjackdareaperx
@xjackdareaperx 5 жыл бұрын
because PVC is 1000x better
@iIiWARHEADiIi
@iIiWARHEADiIi 5 жыл бұрын
@@xjackdareaperx PVC degrade over the time in water. Copper could work infinite time if was treated properly after the installation.
@pauleohl
@pauleohl 2 жыл бұрын
@@iIiWARHEADiIi Copper pipes will develop pin holes in 50 years. I have had to replace some copper pipe from my domestic hot water. I have seen pinholes develop in copper waste lines in 40 years. I made a humidifier that had copper pipe exposed to heated water and air. It lasted about 40 years and I had to replace it because of leaks. I am on my third copper coil that makes domestic hot water. That is in 52 years, so the average life of the coil is 26 years. Copper does not last forever when conveying water.
@thesilentone4024
@thesilentone4024 2 жыл бұрын
We need an update on this its 2022 now.
@HardRockMiner
@HardRockMiner 5 жыл бұрын
I worked as a driller @ Kidd Creek mine in Ontario Canada. Its +9600' and the shaft bottom is approx 9880'. Its the deepest mine that I've worked in and I've been in a lot of em. Nice video. Thanks!!
@Bentaiisart
@Bentaiisart 6 жыл бұрын
What Minecraft mod is this?
@michaelegotti6439
@michaelegotti6439 5 жыл бұрын
Hentai Is Art porn
@dreadfulbadger
@dreadfulbadger 5 жыл бұрын
the one where its ok to dig straight up
@cozzy124
@cozzy124 4 жыл бұрын
unemployed called a torch
@MrAdamz123
@MrAdamz123 8 жыл бұрын
Really interesting episode thanks!
@mohd.razafaizy3639
@mohd.razafaizy3639 4 жыл бұрын
Salute to these workers 🙋. Doing really hard to improve their livelihoods
@sodnombayarsaikhan4420
@sodnombayarsaikhan4420 2 жыл бұрын
I am majoring in Mining Geotechnical Engineering. Here we also have Rio Tinto managed world class copper-gold ore deposit as well, which also uses block caving method. I am looking forward to be an engineer at one of this magnificent mines.
@DJDrLandWhaleOfficial
@DJDrLandWhaleOfficial Жыл бұрын
That’s my buddy Andy with the handle bar mustache. You’re a hero Andy! Love you!
@Paid2Win
@Paid2Win 5 жыл бұрын
0:15 No what's crazier is sky diving from a plane through the mine shaft..
@michaelegotti6439
@michaelegotti6439 5 жыл бұрын
Johnathan Doughs reply for 300 bucks like for 2000
@johndododoe1411
@johndododoe1411 2 жыл бұрын
The Stora Kopparberg mine in Sweden is vaguely similar, but only about 2000 feet deep. After centuries of production, it was turned into a museum in the 1980s, with tourists initially allowed on guided tours at 600 foot depth (interesting with some tableaus in side tunnels), though now apparently only upper levels are toured.
@KevinChang787
@KevinChang787 5 жыл бұрын
Turn captions on at 4:52, enough said haha
@johncuervo3019
@johncuervo3019 4 жыл бұрын
Is sounds like he said dick
@kaydenchristensen5011
@kaydenchristensen5011 3 жыл бұрын
Lol. That was great
@soapiesoap5649
@soapiesoap5649 Жыл бұрын
I have only ever worked in iron ore mines I find underground mining so fascinating
@martinehammond4126
@martinehammond4126 5 жыл бұрын
It's amazing what lengths people will goto to make money. And the amount of engineering gone into it as well is also amazing.
@gracefool
@gracefool 5 жыл бұрын
Amazing what lengths we go to for our complex society you mean? We rely on copper mines like this for electronics, jewelry, coins... There's no power grid, let alone KZfaq, without millions of workers around the world in materials, manufacturing and maintenance...
@RealWorldPolice
@RealWorldPolice 4 жыл бұрын
gracefool - Bingo. The only reason ventures like this make money is because people want what they produce. It’s not like they win some sort of engineering prize if they manage to dig a deep enough hole.
@wtfbros5110
@wtfbros5110 3 жыл бұрын
@@RealWorldPolice *sad Soviet borehole noises*
@ciel3141
@ciel3141 5 жыл бұрын
thank you for your simple work, undergraduate student work, mining sites usually are not hidden beneath the earth surface for great safety since one human life is more expensive than saving the earth surface nature, which always in a continuous change through the course of human life, most countries do not classified mining as a secret work rather it is a public wealth that must be published. We do know Bloomberg business work but in this video no business data have been expressed include deposit amount, other than cooper metals, annual production, internal or external buyers and other business information.
@jrich8112
@jrich8112 6 жыл бұрын
Did he say 6 "B"billion invested ?!?!??!?!
@kylesonsalla7620
@kylesonsalla7620 6 жыл бұрын
jrich8112 Yes
@jimmychanga4130
@jimmychanga4130 6 жыл бұрын
jrich8112 that's a lot of money to be throwing down without any return yet
@lamBETTERthanY0U
@lamBETTERthanY0U 5 жыл бұрын
Jimmy Changa To me that’s just pocket change
@kevincone2839
@kevincone2839 4 жыл бұрын
Rio Tinto is the biggest mining company in the world. The competition doesn’t stand a chance, on how big they are
@patrickmclaughlin61
@patrickmclaughlin61 4 жыл бұрын
@@jimmychanga4130 it's chicken feed for rio tinto. They also make investments because they know it will go through. That is why they are so big and wealthy. Also, rio tinto is a Spanish company that still runs the oldest copper mine in the world.
@JCC7474
@JCC7474 Жыл бұрын
Fascinating! The ingenuity of man is amazing!
@dumyjobby
@dumyjobby 5 жыл бұрын
This video is so incomplete. Give us some data, show some tools that they use , interview some of the miners, work schedule etc. There is so much cool staff you could have told us
@Deploracle
@Deploracle 3 жыл бұрын
The video was really about the mine, the copper.
@joebampton670
@joebampton670 3 жыл бұрын
INCO Creighton Mine in Sudbury is 7280' straight down. Cage is double deck and takes 60 men a trip.
@joshsimpson10
@joshsimpson10 5 жыл бұрын
This stuff is so amazing....
@DJDrLandWhaleOfficial
@DJDrLandWhaleOfficial Жыл бұрын
Rio tinto, an Australian company had provided immeasurable benefit to us folk in superior and globe/Miami. We are eternally grateful
@fredmoller1675
@fredmoller1675 5 жыл бұрын
That's a SHAFT not a vertical tunnel, btw, I used to muck on the 9500' at Kidd Creek in Timmins, ON.
@papabits5721
@papabits5721 6 жыл бұрын
maccasa mine kirkland lake ontario is 7325 ft deep single lift .
@sjlnetwork
@sjlnetwork 2 жыл бұрын
awesome video.. love it
@charleskaleyo6389
@charleskaleyo6389 4 жыл бұрын
Interesting stuff 💪
@gohazard4284
@gohazard4284 3 жыл бұрын
It is 2021 now, hope they got started by now.
@DanielSilva-jj2lz
@DanielSilva-jj2lz 3 жыл бұрын
Will not start. Democrats denied the operation, saying that desert region was an Indian cemetery centuries ago.
@dmeads5663
@dmeads5663 3 жыл бұрын
@@DanielSilva-jj2lz Democrats are the worst things ever.
@sketchyAnalogies
@sketchyAnalogies 5 ай бұрын
They aren't ready to start carving iirc. They have a lot of mine to develop still. they have to build custom heavy equipment underground like crushers, haul trucks, and conveyers. The video was also inaccurate a few times. The ore doesn't go up the hoist way, it will come out the side through either trucks or conveyers. So that's many more tunnels to make. Block caving is cool, but all of the expenses are front loaded. Relatively cheap to operate, but $$$ to set up.
@gohazard4284
@gohazard4284 5 ай бұрын
Thanks for the explanation! Though I honestly didn't expect it after two years 😂 I had honestly forgotten all about this video or this comment. ​@@sketchyAnalogies
@opticalbeast4947
@opticalbeast4947 5 жыл бұрын
I would LOVE to go there, or to one of the deeper mines to see what it feels like.
@tomrogers9467
@tomrogers9467 3 жыл бұрын
Dark. Hot. You’re welcome.
@lukebyrd8406
@lukebyrd8406 27 күн бұрын
You really don't want to.
@Steve211Ucdhihifvshi
@Steve211Ucdhihifvshi 5 жыл бұрын
7000feet... whats that about 3 meters?
@Bigsoot7393
@Bigsoot7393 2 жыл бұрын
They mine this way in Australia, very uneasy can feel and hear the ground moving and crumbling above you, also creates massive subsidence on surface because the whole ground is caving into a sinkhole in theory, also can create air gaps when rock gets hung up then when it falls creating huge blasts of air killing people. But hey it's cheaper
@probegt75
@probegt75 4 жыл бұрын
I work in a coal mine #8 seam...best job in the world. Working underground is great. With any job some days are worse than others but there's been a lot of Sundays I got double time ($75 hr) for an hour or 2 of work then sleep the rest of the shift...lol. That doesn't happen at many other jobs. If I lose this job I don't know if I could ever work at a normal job...lol
@camd4648
@camd4648 2 жыл бұрын
Hey man, Hope you're still digging! Just recently landed a Heavy Diesel job, working in the Stone mines, excited for a new view!
@user-ep8xo1od9o
@user-ep8xo1od9o 3 жыл бұрын
I wanted to be a miner but after seeing that lift I’m terrified already
@Figjamfishslayer
@Figjamfishslayer 5 жыл бұрын
This is bound to pay off at some point.
@mikev4820
@mikev4820 Ай бұрын
In 1974-5 I worked at Creighton Mine 9 shaft. The shaft was 7138 feet deep. It took a lot less than 20 minutes to get to the bottom where I worked all one summer….
@pingpong1138
@pingpong1138 6 жыл бұрын
Mines like that give my anxiety
@tyjomello
@tyjomello 2 жыл бұрын
Interesting to think that the discovery of so much copper could bring its price down.
@kennethwallace4338
@kennethwallace4338 5 жыл бұрын
No way. Great video
@danielcoronado9340
@danielcoronado9340 5 жыл бұрын
I did a shutdown for rio tinto out in Salt Lake City UT 😎pretty to hear about this
@marshthefox6668
@marshthefox6668 5 жыл бұрын
As a geology student, I have a little more respect for people who work at harvesting natural resources after finding out gambles some of these companies take to obtain minerals and other commodities. 6 Billion is a lot, but even regular natural gas wells can run well into the millions before the first round of hydrolic fracturing takes place.
@Dusty0813
@Dusty0813 2 жыл бұрын
Frac Frac Baby. Hehe. first job I ever actually prided myself in. Still in. going strong.
@TheMadVulpen
@TheMadVulpen 5 жыл бұрын
Thx KZfaq recommendations
@papabits5721
@papabits5721 6 жыл бұрын
Macassa mine in Kirkland lake Ontario was 7325 feet deep And was at one time the deepest single lift shaft in the western hemisphere . Creiton mine in Sudbury Ontario.over 7000 ft deep. Kidd creak mine in Tiimmins Ontario is the deepest base metal mine in the world almost 3000 metres.
@earlberta1055
@earlberta1055 6 жыл бұрын
pa bits berry nyygvbmkon
@stanislavkuznetsov1165
@stanislavkuznetsov1165 5 жыл бұрын
Ok?
@zachvankeuren3
@zachvankeuren3 Жыл бұрын
My buddy kahlil never shuts up about macassa 😂 ole boy spent 8 years of his life there.
@naecnanjingautoelectricco.8664
@naecnanjingautoelectricco.8664 3 жыл бұрын
There are some pipes inside the copper mine,with yellow/blac color, what are those pipes used for? And what is the material of the pipes?
@SideOfBac0n
@SideOfBac0n 3 жыл бұрын
Not sure how they've coloured their pipes/cables, but you can have a high pressure air, power cable/HV cable/communications cable, water and the massive yellow bag is the ventilation.
@aaronwilcox6417
@aaronwilcox6417 3 жыл бұрын
It might be a safe method of mining but it also might not be. Theres phenominon called rock bursts that can occur under active fault zones that are associated with fault and orebodies and they could start occuring being in that deeo or in an active geologic area. Its not the top or "back" one need worry about but rather thrust or energy released by fault slippage and the ribs and floor heave from immense pressure and release of energy. It may or may not happen here, im not in the know about their geology here
@indicus9075
@indicus9075 5 жыл бұрын
It’s rock hard inside the shaft
@DevonCats2
@DevonCats2 6 жыл бұрын
Are they hiring? How do I apply for a job with them?
@Chocolate_dragon
@Chocolate_dragon 6 жыл бұрын
Joe Smith I'm ready. Got 16 years in coal I'm ready for a change to metal!
@Tombomb1816
@Tombomb1816 5 жыл бұрын
try google instead of people on KZfaq.
@hurstshiftin9873
@hurstshiftin9873 5 жыл бұрын
Hear its not easy to get in there. Think they employ all of copper cliff. Id love to work there aswell. Think they want people that have been to university mostly from what ive gathered so far.
@huntbunt117
@huntbunt117 5 жыл бұрын
This is what youtubes all about baby!
@asafgl4281
@asafgl4281 2 жыл бұрын
Wish i could work there !! I was working in a copper mine in middle east !!!
@harrison6082
@harrison6082 5 жыл бұрын
This way of mining sounds dangerous. Do they have to do it that way?
@isee7668
@isee7668 3 жыл бұрын
Life is dangerous.
@vincentrizzi9797
@vincentrizzi9797 3 ай бұрын
I’ve seen this head frame from the road. It’s between Mesa and Globe Arizona
@rosewhite---
@rosewhite--- 4 жыл бұрын
cores show how shattered the rock is and how liquid quartz and many minerals infiltrated the cracks before hardening.
@cdickey3211
@cdickey3211 4 жыл бұрын
According to U.S. copper data 1.85 million metric tons was consumed of unmanufactured copper in 2018. If this mine can feasibly produce a 1/4 of total consumption, at a cost of $2.77 per pound currently... Then 🤑$$$ inside of 3-4 years. That is if permits, malfunctions and operation costs don’t become their demise! And I thought oil companies took big risks. Wow!
@jw6921
@jw6921 11 ай бұрын
Copper is not the only product they will get out of the mine. There will be gold, silver, lead, zinc, moly, the list goes on that all add into the money they will make. There's really little risk so to speak besides getting the permit. They know exactly what's there so the benefit outweighs the initial costs. You also have to consider that copper is considered vital to national and economic security along those line more is needed for the push for clean energy as well.
@sirensynapse5603
@sirensynapse5603 Ай бұрын
The cores are beautiful.
@blackhawk3651
@blackhawk3651 5 жыл бұрын
Creighton mine Sudbury has a shaft depth of 7080 feet .... one continuous run ... kid creek Timmins is 10000'.... heat is a huge factor . Ridiculous hot down there
@AH-lw2bj
@AH-lw2bj 5 жыл бұрын
You beat me to this comment 😁 I live in Sudbury and have worked down on the 8600' level of Creighton during development
@kevincone2839
@kevincone2839 4 жыл бұрын
I have worked in the underground potash mines in Saskatchewan. Friggin hot like the warmest summer day you can imagine. When you sweat don’t rub your forehead or eyes, or they burn from the potash dust. I learned the hard way 😂😂
@kimjw001
@kimjw001 4 жыл бұрын
2020? How is it working out?
@blanco2k
@blanco2k 3 жыл бұрын
Hope they got their permits now
@Mickanosh
@Mickanosh 3 жыл бұрын
4:40 little did they know something bad was going to happen to the whole world
@nategriepentrog4662
@nategriepentrog4662 3 жыл бұрын
Dude what shaders do you have on?
@jamesturton6894
@jamesturton6894 6 жыл бұрын
Where are they located so I work
@mattphippen9830
@mattphippen9830 Ай бұрын
Kidd in Timmins and Chreighton mine in Sudbury both deeper single shaft.
@papabits5721
@papabits5721 5 жыл бұрын
Single lift shaft deepest in the western hemisphere, Kirkland Lake Ontario 7325 ft Timmins Ontario Kidd mine 9300 ft the deepest copper mine in the world.
@stevenrowlandson4258
@stevenrowlandson4258 6 жыл бұрын
Is the ore body the only one or are there others near by?
@saanvisharma2081
@saanvisharma2081 6 жыл бұрын
Steven Rowlandson I hope, Mexico finds the world's largest copper mine in the world and they become richer than USA
@steveducell2158
@steveducell2158 Ай бұрын
the whole area has copper mines. Take a look on Google maps and you will see plenty of open pit mines.
@rottenpoet6675
@rottenpoet6675 4 жыл бұрын
so its 2020....did they started with the copper? or just still undermining :D
@HunterTeddy010
@HunterTeddy010 2 жыл бұрын
Nope, because they dug it under a couple of protected sites just sort of hoping they'd get the rights to the land above so they could carry on.
@user-ls9jl1no5i
@user-ls9jl1no5i 10 ай бұрын
I worked for cobre mining company i wasa under ground crusher operater it was the best job that I had All of my family's where miners😎
@Clark_Kent_ZA
@Clark_Kent_ZA 3 жыл бұрын
South Africans: "Hold my Castle Lager"
@whatsupbudbud
@whatsupbudbud 5 жыл бұрын
So why isn't the heat used as a geothermal energy source?
@gracefool
@gracefool 5 жыл бұрын
It is. They pipe cold water down to keep the men from overheating and pump hot water back up. But because they have to lift the water so far it's not energy positive (but it is an efficient air conditioning system).
@whatsupbudbud
@whatsupbudbud 5 жыл бұрын
@@gracefool Heat goes up on its own. Anyway, perhaps a turbine could be used to generate electricity at the bottom.
@gracefool
@gracefool 5 жыл бұрын
@@whatsupbudbud Heat doesn't go up fast enough. You have to remember that the natural climate down there is hot. The only way to make it cool is actively. Heat transfers *slower* in air than in rock unless you're driving it with massive fans. So they pump water.
@joeygruszkowski7826
@joeygruszkowski7826 4 жыл бұрын
Well its 2020 did they get the permit
@xQCvY
@xQCvY 3 жыл бұрын
I'm always scared of this elevators.
@jameshaxby5434
@jameshaxby5434 6 ай бұрын
Many copper mines also produce gold. Does this one ?
@jameshaxby5434
@jameshaxby5434 6 ай бұрын
How did they discover the deposit, or first suspect that it was there ?
@sketchyAnalogies
@sketchyAnalogies 5 ай бұрын
It's near Globe and Miami, AZ. An absolutely huge mining town. Over the past many many years there's been many companies extracting lots of copper. I believe the ore body was discovered awhile ago, but it wasn't commercially viable. Too deep and too low grade (low % copper). The new shaft is Shaft 10 if I remember? Look up the Queen Creek mine in Miami AZ for more info on its history. It's really cool
@boblongbow9170
@boblongbow9170 5 жыл бұрын
never been done before but there is a permit for that. sounds crooked
@argenys8
@argenys8 5 жыл бұрын
i think the permit is just for mining in general
@askartop2628
@askartop2628 2 жыл бұрын
is it worling now?
@billcoley8520
@billcoley8520 4 жыл бұрын
Those core samples are amazing. I wish the public had more access to view those core samples. Kinda like NASA not revealing many pictures of outer space
@jordenmarshall4113
@jordenmarshall4113 Жыл бұрын
They get pretty boring when you look at them all day haha
@sketchyAnalogies
@sketchyAnalogies 5 ай бұрын
Yeah and mining companies get very very touchy about their assets. They don't talk about where they explore or search for assets or what they find. Tight kipped until operations start. It also influences price of copper, which is important to them, as well as stock price.
@jollycooperator2876
@jollycooperator2876 6 жыл бұрын
I imagine this method is far more dangerous..
@Cmcmillen77
@Cmcmillen77 2 жыл бұрын
Wonder if this mines working yet
@KW86.
@KW86. 5 жыл бұрын
For years local businesses have helped resolution to open their underground mining facilities. Local businesses from Globe, Miami, Superior, San Carlos. Randy Seppala allowed other companies from other areas to work at resolution underground projects. You forgot us Randy Seppala, shall locals write letters to our new Senator?
@RealWorldPolice
@RealWorldPolice 4 жыл бұрын
gilbert de la torre What does that mean? Allowed other companies from other areas to work? Why shouldn’t they be allowed to hire whomever they want? Do they not own the land?
@jiangyongguo
@jiangyongguo Жыл бұрын
Hello friends, does your company and lithium ore provide copper ore supply? I come from China.
@agoniaXdunya
@agoniaXdunya 4 жыл бұрын
The man bucket is how you get in and outta the shaft
@keerongill7310
@keerongill7310 3 ай бұрын
Rip to all the brave workers who lost their life in this mine collapse . Many of the victims can be seen in this video! So sad 😭
@muskrat3291
@muskrat3291 2 ай бұрын
Didn't happen.
@j.r.w7636
@j.r.w7636 5 жыл бұрын
How’d they find it lol
@theotherside931
@theotherside931 5 жыл бұрын
*I am not an expert but when they blast underneath, what stops the surface that loses support foundation from carving in?* *And $6 billion invested in this? Who pumps in $6b in a project that won't yield a single profit for the next 6-7 years? How much copper value is down there plus all expenses considered?*
@zacharythomas7789
@zacharythomas7789 5 жыл бұрын
Coppers demands been up for years
@wamyx8Nz
@wamyx8Nz 5 жыл бұрын
Japan has negative interest rates, America had 0% interest rates for 7 years under Obama to prop up the stock market and maintain the illusion of prosperity. It also made it incredibly easy for companies to borrow money, as even a tiny interest rate is better than 0%. They even mention this in the beginning. This leads to malinvestment and mis-allocation of capital in the long run. It is not a coincidence that this started in 2008.
@sketchyAnalogies
@sketchyAnalogies 5 ай бұрын
Also, the mine is relatively cheap to operate. It just front loads the total lifecycle costs
@grahamt5924
@grahamt5924 5 жыл бұрын
If this was Africa they would want it as soon as it looks profitable.
@rickchapman4240
@rickchapman4240 5 жыл бұрын
What company owns this mine
@LegendaryJim
@LegendaryJim Жыл бұрын
the people of the united states. it's a national forest... lol...
@notyourchicken244
@notyourchicken244 5 жыл бұрын
I wanna work there
@amhar810
@amhar810 5 жыл бұрын
It is 20.9 km guys
@vidyasagart6694
@vidyasagart6694 5 жыл бұрын
no 2.9km
@toms7947
@toms7947 4 жыл бұрын
Is it just me or does it seem like a really bad idea to blow up the rock above the tunnel?
@AEVMU
@AEVMU 5 ай бұрын
6B capex???
@Pwnopolis
@Pwnopolis 3 жыл бұрын
Its 2021, wheres the follow up.
@markdent4052
@markdent4052 4 жыл бұрын
Is that located in Baghdad az ???
@riverraisin1
@riverraisin1 3 жыл бұрын
Superior, AZ
@jackpot6056
@jackpot6056 2 жыл бұрын
What could possibly go wrong?
@jeffstarzw
@jeffstarzw 5 жыл бұрын
it was no longer investment, but hope for return.
@jamiehughes5573
@jamiehughes5573 Жыл бұрын
I always prefered underground mines over open pit mines
@vacciniumaugustifolium1420
@vacciniumaugustifolium1420 3 жыл бұрын
6G $ Capex? Damn there is a shitload of ressource to justify such a price 😳
@gyozanomics
@gyozanomics 4 жыл бұрын
I've been doing this in Dorf Fortress for years?
@slg792
@slg792 3 жыл бұрын
It’s 2020, did you get the permits?
@bob_frazier
@bob_frazier 3 жыл бұрын
They were fast tracked in late 2020, then reversed by the Biden administration in 2021.
@slg792
@slg792 3 жыл бұрын
@@bob_frazier Classic Biden, stimulating the economy though jobs.......not!
@bob_frazier
@bob_frazier 3 жыл бұрын
@@slg792 When they elect Hunter to the board things will move faster. 10% for the big guy, too.
@slg792
@slg792 3 жыл бұрын
@@bob_frazier 😂oh we gonna get censored!!! Big tech does not tolerate disrespect of the big guy.
@tommybiggers5881
@tommybiggers5881 5 жыл бұрын
1:48 Ground water leaking in?
@elrud5964
@elrud5964 4 жыл бұрын
Yep
@mickking5913
@mickking5913 3 жыл бұрын
How did you,s know it was there,you dont usually do test holes that deep.Being that deep the sats wouldnt have picked it up surely.
@sketchyAnalogies
@sketchyAnalogies 5 ай бұрын
It's a super popular mining area. The exact area was already a mine that shut down a few decades prior, and was active since the late 19th century. I believe the found the ore body awhile ago, but it was too deep and too poor quality to be commercially viable. Modern tech and modern copper prices have made it viable.
@firdauszulkipli3478
@firdauszulkipli3478 4 жыл бұрын
Ohmg 20minutes to go down
@fuckgoogle792
@fuckgoogle792 6 жыл бұрын
i wouldn't have picked up a shovel without the permits first. that should've been number uno.
@Kevin-pn1th
@Kevin-pn1th 5 жыл бұрын
It makes sense that this man starts the job without the permits because if he didn't someone else would have, and if/when the permits clear that he is going to be stinking rich. Some politician is going to get filthy rich getting this man the permits he needs for this job to continue.
@magnumpeter9725
@magnumpeter9725 5 жыл бұрын
500 ft per minute ? :D In German Hard koal mines there records are 300 ft per min with worker without up to 4000 ft per minute :)
@danielstewart7163
@danielstewart7163 5 жыл бұрын
Wouldn't that type of mining cause surface subsidence? Here in eastern Ohio we have mines that are 800-1000 or more ft underground and about a year after it's longwalled the surface drops and ruins houses and roads. It did over $100,000 damage to my in laws house.
@kiritimatiswan1986
@kiritimatiswan1986 5 жыл бұрын
doesn't look like anyone's living next to that mining operation
@kered1181
@kered1181 4 жыл бұрын
Massive subsidence. The area that will cave is called Oak Flat. Sacred land to the Apache. The impact will be so great, it took an Act of Congress wedged into a defense spending bill to authorize the transfer of land to the mining operation.
@sketchyAnalogies
@sketchyAnalogies 5 ай бұрын
​@@kiritimatiswan19861. Natives. 2. The land is some of the prettiest I've ever seen. There is value beyond the distance of homes and cities. Yeah its probably worth it, but it absolutely does impact a lot of people
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