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EV Makers Cozy Up To Miners As Supplies Dwindle

EV Makers Cozy Up To Miners As Supplies Dwindle

Electric vehicle giants are racing…

Could Copper Prices Be Poised For A Breakout?

Could Copper Prices Be Poised For A Breakout?

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Brian Westenhaus

Brian Westenhaus

Brian is the editor of the popular energy technology site New Energy and Fuel. The site’s mission is to inform, stimulate, amuse and abuse the…

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Prospectors Turn To Old Mines For New Riches

  • Soaring demand for solar panels and renewable energy sources has put rare earth elements in the spotlight.
  • A byproduct of copper mining, one critical mineral to solar panel production, tellurium, was once discarded in mining waste.
  • Prospectors are now eyeing old mines for new mineral wealth.

Coming up with the minerals for producing and using energy and fuels will require a wide range of critical metals. One of these rare earth elements, tellurium for example, is gaining in popularity for use in photovoltaics, or solar panels. As global demand for solar panels continues to increase, so is the need for critical metals like tellurium.

Tellurium isn’t mined as by itself as a ‘solo mineral’. Currently, most tellurium is collected as a by-product from copper mining. Simon Jowitt, economic geologist at University of Nevada Las Vegas said, “The fundamental question is: how much tellurium is out there?”

He and coauthor Brian McNulty are trying to find out where this tellurium is and how much metal could be there. Jowitt presented their work at the Geological Society of America’s annual meeting yesterday.

Unfortunately, the amount of tellurium in a mine is rarely reported. To fill in the gaps and create estimates of critical minerals, Jowitt and McNulty developed proxies to estimate tellurium content globally.

Their first proxy results come from Resource and Reserve estimates. In these reports, a mining company uses their own investigation data and estimates that there are X-million tons of metal in the ground. These reports are used to estimate the value of a mine site.

Jowitt explained, “We what we do is take that information – which tells us how big the deposit is, how many million tons of ore or mineralization – and we combine that with information that’s published elsewhere on the concentration of tellurium and the deposit.” The researchers can then calculate an estimate for tellurium.

“The second proxy is where we know the size of the deposit,” Jowitt said. In this case, the team uses the amounts of related tellurium minerals like calaverite, a gold-tellurium metal. “We can estimate the amount of tellurium in that mineral, combine that with the reported size of the deposit, and again, develop a proxy.”

They looked at 518 mineral deposits in active mines in the U.S. and Canada that are known to contain tellurium. Using their proxies, the researchers calculated that 18 gold mines in the two countries could produce ~90 tons/year of tellurium from current mining, with another six copper, zinc, and nickel mines in Canada having the potential to produce ~170 tons per year of tellurium.

Jowitt says this is a minimum estimate, because not every gold, copper, and nickel mine in the U.S. and Canada had appropriate data available.

By these estimates, they found that mines move around 260 tons of tellurium, but they don’t collect it. “If you recovered that tellurium, you could bump up global tellurium production by about 25%,” said Jowitt. “That’s about seventeen and a half million dollars of tellurium that’s being moved around by the minerals industry but is being lost to waste.”

Jowitt noted that their tellurium study is just one example for the potential of extracting critical metals from existing mining operations. “There’s a whole range of byproduct and co-product elements that are we moving around when mining,” he said. “We need to do better making mineral mining operations more sustainable by extracting what we can from existing mineral deposits. And if we do that, it’s good for the environment, it’s good for the minerals industry (the way it’s being viewed), and it’s good for company bottom lines.”

While their study focused on active mines, Jowitt noted that extracting critical metals from spoils piles at old mines can be another win-win situation. “There’s a whole scope for extracting all sorts of metals from mining waste,” he said. Old tailings and slag have potential for metal extraction. “There’s potential for all sorts of wealth from waste,” he said. While extracting metals from tailings can be economically profitable, there’s also an environmental benefit.

“A whole load of these sites are environmentally problematic. So what you do is essentially reprocess an environmentally problematic waste pile or tailings pile, you remove the environmental problem, and use the revenue generated from the process,” Jowitt explained. “It’s not-for-profit mining – the value of the stuff you extract is being incorporated into the mining operations and actually reducing the environmental harm.”

Jowitt said that as the need for carbon-neutral technologies increase, companies will have to consider mining multiple critical metals at once. “The demand estimates for some of these metals are just huge,” commented Jowitt. “Unless we start thinking about [mineral extraction] in these kinds of ways, we’re going to end up with situations where metal prices start skyrocketing and climate change mitigation starts slowing down.”

***

There is some probability that new mining could see a broader range of extraction take place where the capital plant or extraction facility is already in place. It's likely already happening in a small but accelerating way as pricing drives the investment needed for the specific mineral recovery.

The drag is going to come from “not-for-profit mining” where the defunct mining company is long gone and the spoils and tailing piles are still there, leaching any way. It might be worthwhile for environment groups to assay those sites and make the case for recovery, rehabilitation and a profit. Some could get snapped up quickly and some might have a dreadful time getting used and rehabilitated with a bunch in the middle needing some marketing effort.

Its also illustrative to remind us to be thoughtful about what we leave behind for our progeny to clean up.

Perhaps one day we’ll outgrow the “not in my backyard” problem and get on with just compensating those up close so everyone can benefit from a healthy economy.

By Brian Westenhaus via New Energy and Fuel

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