Mine lifespan by selected commodities

This statistic displays the duration of the extraction period of a mine, by selected commodities. For a copper mine, the extraction period or lifespan is generally expected to be somewhere between 5 to 70 years. Other mines, such as diamond mines or nickel mines, have a significantly shorter duration of extraction with some 27 and 22 years, respectively.

Duration of the extraction period of a mine by selected commodities

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Source

Release date

March 2013

Region

Worldwide

Survey time period

As of 2012

Supplementary notes

Mine life is the extraction period in years for scheduled ore reserves comprising proved and probable reserves only. For diamonds, life of mine (years) is reported and is based on scheduled probable reserves including indicated and some inferred resources considered for life of mine planning.
*The 30 years for platinum is due to 30 years being the maximum number of years for which a mining right is granted in South Africa.

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Statistics on "Mining"

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