Base Metals Mining in the US to 2020

GlobalData estimates that the Pumpkin Hollow and Contact copper projects in Nevada, which are scheduled to commence production in 2016 and 2017 respectively, and the Rosemont project in Arizona, with a capacity of 110,223t and scheduled to start operations in 2017, will support copper mine production in the US.

Scope

The report contains an overview of the base metals (copper, lead and zinc) mining industry in the US together with the key demand drivers affecting the industry.

It provides information about reserves, historic and forecast production, consumption and trade, reserves and production by state, trade by country, the competitive landscape and active, exploration and development projects.

Key Highlights

• In 2014, the US ranked fifth globally with 35 million tonnes of copper reserves, 5% of the global total. Copper reserves are mainly found in Arizona, Utah, New Mexico, Montana, Alaska, Nevada and Michigan, with Arizona having one of the world’s three great clusters of porphyry copper deposits.

• The zinc-lead content in the Mississippi Valley type (MVT) deposit ranges from 5% to 10%.

• The copper mining industry is expected to benefit from planned investments such as in the Cumo deposit at the south-western end of the Idaho-Montana porphyry belt, and at Kennecott’s Bingham Canyon mine which would extend its life from 2018 to 2030.

Reasons to buy

Gain an understanding of the base metals (copper, lead and zinc) mining industry in the US, the relevant demand drivers, reserves, historic and forecast production and consumption.

Understand trade, active, exploration and development projects, and the competitive landscape.

Companies mentioned

Freeport-McMoRan Copper & Gold Inc.

The Rio Tinto Plc

Teck Resources Ltd

Nyrstar NV

Table of Contents

1 Executive Summary

2 Copper Mining in the US – Reserves, Production, Consumption and Trade

2.1 Reserves by Geographic Regions

2.2 Historical and Forecast Production

2.3 Production by State

2.4 Copper Prices

2.5 Active Mines

2.6 Exploration and Development Projects

2.7 Consumption and Trade

2.7.1 Domestic consumption vs exports

2.7.2 Ores and concentrates exports by country

2.7.3 Ores and concentrates imports by country

2.8 Demand Drivers

2.8.1 Domestic consumption by end-use

2.8.2 Global demand vs Chinese demand

3 Lead Mining in the US – Reserves, Production, Consumption and Trade

3.1 Reserves by Geographic Regions

3.2 Historical and Forecast Production

3.3 Production by State

3.4 Lead Price

3.5 Active Mines

3.6 Exploration and Development Projects

3.7 Consumption and Trade

3.7.1 Domestic consumption vs exports

3.7.2 Ores and concentrates exports by country

3.8 Demand Drivers

3.8.1 Demand by end-use – domestic automobile sector

3.8.2 Global demand vs Chinese demand

4 Zinc Mining in the US – Reserves, Production, Consumption and Trade

4.1 Reserves by Geographic Regions

4.2 Historical and Forecast Production

4.3 Production by State

4.4 Zinc Prices

4.5 Active Mines

4.6 Exploration and Development Projects

4.7 Consumption and Trade

4.7.1 Domestic consumption vs exports

4.7.2 Ores and concentrate export by country

4.8 Demand Drivers

4.8.1 Domestic consumption by end-use

4.8.2 Global demand vs Chinese demand

5 Competitive Landscape

5.1 Freeport-McMoRan Copper and Gold Inc.

5.2 Rio Tinto Plc

5.3 Teck Resources Ltd

5.4 Nyrstar NV

6 Fiscal Regime

6.1 The US Mining Industry – Governing Bodies

6.1.1 Federal

6.1.2 State

6.2 The US Mining Industry – Governing Laws

6.2.1 Federal laws

6.2.2 State laws

6.3 The US Mining Industry – Mining Ownership, Licenses

6.3.1 Coal mining lease

6.3.2 Exploratory license

6.3.3 State permits

6.4 The US Mining Industry – Rights and Obligations

6.4.1 Rights

6.4.2 Obligations

6.5 The US Mining Industry – Key Fiscal Terms

6.5.1 Bonus

6.5.2 Rentals

6.5.3 Federal reclamation fee

6.5.4 Occupation tax

6.5.5 Royalty

6.5.6 Mining claim fees

6.5.7 State fee

6.5.8 State mineral resources severance tax and fees

6.5.9 State real property tax

6.5.10 Corporate taxes

6.5.11 Alternative minimum tax

6.5.12 Capital gains tax

6.5.13 Deductions and allowances

6.5.14 Depreciation

6.5.15 Branch profit tax

6.5.16 Withholding tax

6.5.17 Loss carry forward

6.5.18 Value added tax (VAT)

7 Appendix

7.1 What is this Report About?

7.2 Secondary Research

7.3 Primary Research

7.4 Contact GlobalData

7.5 About GlobalData

7.6 GlobalData’s Services

7.7 Disclaimer

List of Tables

Table 1: Copper Mining in the US – Copper Mine Production (Thousand Tonnes), 2000–2020

Table 2: Copper Mining in the US – Active Mines, 2014

Table 3: Copper Mining in the US – Exploration Projects, 2014

Table 4: Copper Mining in the US – Development Projects, 2014

Table 5: Copper Mining in the US – Domestic Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2000–2020

Table 6: Copper Mining in the US – Ores and Concentrates Export by Country (Thousand Tonnes), 2014

Table 7: Lead Mining in the US – Lead Mine Production (Thousand Tonnes), 2000–2020

Table 8: Lead Mining in the US – Active Mines, 2014

Table 9: Lead Mining in the US – Exploration Projects, 2014

Table 10: Lead Mining in the US – Development Projects, 2014

Table 11: Lead Mining in the US – Domestic Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Table 12: Lead Mining in the US – Exports by Country (Thousand Tonnes), 2014

Table 13: Zinc Mining in the US – Zinc Mine Production (Thousand Tonnes), 2000–2020

Table 14: Zinc Mining in the US – Active Mines, 2014

Table 15: Zinc Mining in the US – Exploration Projects, 2014

Table 16: Zinc Mining in the US – Development Projects, 2014

Table 17: Zinc Mining in the US – Domestic Metal Consumption vs Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Table 18: Zinc Mining in the US – Exports by Country (Thousand Tonnes), 2014

Table 19: Base Metals Mining in the US – Freeport-McMoRan Copper & Gold Inc., Major Projects

Table 20: Base Metals Mining in the US – Rio Tinto Plc, Major Projects

Table 21: Base Metals Mining in the US – Teck Resources Ltd, Major Projects

Table 22: Base Metals Mining in the US – Nyrstar NV, Major Projects

Table 23: The Mining Industry in the US – Minnesota Occupation Tax Rates (%), 2014

Table 24: The Mining Industry in the US – Coal Royalty Rates (%), 2014

Table 25: The Mining Industry in the US – Mining Claim Fees (US$), 2014

Table 26: The Mining Industry in the US – Tennessee Mining Fees (US$), 2014

Table 27: The Mining Industry in the US – Alaska Mining Tax on Net Income (%), 2014

Table 28: The Mining Industry in the US – Montana Coal Severance Tax (%), 2014

Table 29: The Mining Industry in the US – Nevada Mineral Resources, Net Proceeds Tax Rates (%), 2014

Table 30: The Mining Industry in the US – State Federal Income Tax Rates (%), 2014

Table 31: The Mining Industry in the US – State Corporate Income Tax Rates (%), 2014

Table 32: The Mining Industry in the US – Alaska State Corporate Income Tax Rates (%), 2014

Table 33: The Mining Industry in the US – Arkansas State Corporate Income Tax Rates (%), 2014

Table 34: The Mining Industry in the US – Kentucky State Corporate Income Tax Rates (%), 2014

Table 35: The Mining Industry in the US – Louisiana State Corporate Income Tax Rates (%), 2014

Table 36: The Mining Industry in the US – Mississippi State Corporate Income Tax Rates (%), 2014

Table 37: The Mining Industry in the US – New Mexico State Corporate Income Tax Rates (%), 2014

Table 38: The Mining Industry in the US – North Dakota State Corporate Income Tax Rates (%), 2014

Table 39: The Mining Industry in the US – Percentage Mineral Depletion Rates (%), 2014

List of Figures

Figure 1: Copper Mining in the US – Location of Copper Deposits in Arizona

Figure 2: Copper Mining in the US – Location of Major Copper Mines in the US

Figure 3: Copper Mining in the US – Copper Mine Production (Thousand Tonnes), 2000–2020

Figure 4: Copper Mining in the US – Average Copper Prices, 2002–2014 (US$/Tonne)

Figure 5: Copper Mining in the US – Average Global Copper Price Forecast (US$/Tonne), 2015–2020f

Figure 6: Copper Mining in the US – Domestic Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2000–2020

Figure 7: Copper Mining in the US – Ores and Concentrates Export by Country (%), 2014

Figure 8: Copper Mining in the US – Total Consumption by End-Use (%), 2014*

Figure 9: Copper Mining in the US – Value of Construction Market by Sector (%), 2013

Figure 10: Copper Mining in the US – Chinese Imports of Copper Ores and Concentrates (Million Tonnes), 2010–2014

Figure 11: Lead Mining in the US – Lead Mine Production (Thousand Tonnes), 2000–2020

Figure 12: Lead Mining in the US – World Nominal Lead Prices (US$/Tonne), 2000–2014

Figure 13: Lead Mining in the US – Average Global Lead Price Forecast (US$/Tonne), 2015–2020f

Figure 14: Lead Mining in the US – Domestic Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Figure 15: Lead Mining in the US – Exports by Country (%), 2014

Figure 16: Lead Mining in the US – Total Automobile Production in the US, 2008–2014

Figure 17: Lead Mining in the US – Chinese Imports of Lead Ores and Concentrates (Thousand Tonnes), 2010–2014

Figure 18: Zinc Mining in the US – Zinc Mine Production (Thousand Tonnes), 2000–2020

Figure 19: Zinc Mining in the US – World Nominal Zinc Prices (US$/Tonne), 2002–2014

Figure 20: Zinc Mining in the US – Average Global Zinc Price Forecast (US$/Tonne), 2015–2020f

Figure 21: Zinc Mining in the US – Domestic Metal Consumption vs. Ores and Concentrates Exports (Thousand Tonnes), 2001–2020

Figure 22: Zinc Mining in the US – Exports by Country (%), 2014

Figure 23: Zinc Mining in the US – Total Consumption by End-Use (%), 2014

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