Production
Over its life, Bingham Canyon has proven to be one of the world's most productive mines. As of 2004, ore from the mine has yielded more than 17 million tons (15.4 Mt) of copper, 23 million ounces (715 t) of gold, 190 million ounces (5,900 t) of silver, and 850 million pounds (386 kt) of molybdenum. The value of the resources extracted from the Bingham Canyon Mine is greater than the Comstock Lode, Klondike, and California gold rush mining regions combined. Mines in Chile, Indonesia, Arizona, and New Mexico now exceed Bingham Canyon's annual production rate. High molybdenum prices in 2005 made the molybdenum produced at Bingham Canyon in that year worth even more than the copper. The value of metals produced in 2006 at Bingham Canyon was US$1.8 billion dollars.
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Famous quotes containing the word production:
“By bourgeoisie is meant the class of modern capitalists, owners of the means of social production and employers of wage labor. By proletariat, the class of modern wage laborers who, having no means of production of their own, are reduced to selling their labor power in order to live.”
—Friedrich Engels (1820–1895)
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—François, Duc De La Rochefoucauld (1613–1680)
“Perestroika basically is creating material incentives for the individual. Some of the comrades deny that, but I can’t see it any other way. In that sense human nature kinda goes backwards. It’s a step backwards. You have to realize the people weren’t quite ready for a socialist production system.”
—Gus Hall (b. 1910)