Mine lifespan by selected commodities

Duration of the extraction period of a mine, by selected commodities

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, like diamond mines or nickel mines, have a significant shorter duration of extraction with some 27 and 22 years, respectively.
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Duration of the extraction period of a mine, by selected commodities

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CommodityMinimumMaximum
Iron ore624
Metallurgical coal235
Thermal coal826
Copper570
Nickel1722
Platinum330
Diamonds427
CommodityMinimumMaximum
Iron ore624
Metallurgical coal235
Thermal coal826
Copper570
Nickel1722
Platinum330
Diamonds427
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Description

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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, like diamond mines or nickel mines, have a significant shorter duration of extraction with some 27 and 22 years, respectively.
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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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