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Mining is a job where people use either light or heavy equipment that allows them to dig underground. Mining usually starts off small but if you play your cards right then the dividends will be paying off big. Then again not all mining ventures maybe successful all the time so keep that in mind. The sole purpose of mining is to extract metallic ores so that they could be of use. The majority of common ores found in mines are coal and the lesser precious metals such as silver and gold. The rare ones are the most expensive ones like diamonds and rhodium. Australia also has its share of mining activities. They dig up the said items including other stuff like platinum and uranium. Australia has its share of notable mining sites and their addition to their economy is pretty much welcome. The deepest mining area in Australia to date is the Mount Isa Mine.

Mount Isa Mine

Location and Geology

It is located in Mount Isa at Queensland, Australia. The depth of the mine stretches for 1,900 meters or 6,042 feet below the ground. The mine site is literally covered with hard brecciated siliceous and dolomitic rock foundations that aren’t as soft as the ground. The majority of ores found there are copper, lead, zinc and silver.

MIM

History

Mining in Mount Isa subtly started in the early 1920’s. MIM was the company that started it all there. The preparations basically began in 1924 but mining operations began in 1931. Despite the beginning of operations, MIM already had troubles launching its operations. They were behind schedule and their finances weren’t looking so good. These circumstances lead ASARCO to acquire the mining site in partnership with MIM. ASARCO had introduced the concept of drill mining whereas using shovels and pick axes were common at the time.

Mining at Mount Isa

MIM and partners still had a lot of troubles paying off their debts and finances despite the mine making good money. It was during the 1940’s where MIM and the Mount Isa mine started making their success. They managed to pay off a lot of their debts. One of their main contributors to success was the abundance of their coal ore extractions. During the mid 1950’s coal ores sold for tons of numbers and were one of the main sources of power for Australia. The mining operations continued until the 1970’s until the present day.

The Other Side of Mining in MIM

In 2003 the Xstrata Company purchased the this Mine for a total amount of $2.96 billion which also includes any unpaid debts throughout their operations until the said year. Xstrata also divided the mining functions into two groups namely the copper stream and lead zinc stream. These divisions currently are the main functions and groups building up the Xstrata corp.

Mount Isa Mine at Queensland, Australia

The Mount Isa Mine is still active even to this day. Xstrata has then merged with Glencore forming the new Xstrata Glecore plc. They still continue to mine their main extracted ores such as copper, lead, zinc and occasionally coal. It’s remarkable how this mine still produces a number of ores it does even with the passing of time.

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