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153 years producing the ‘golden oil’ — 520,000 tonnes and we’re still finding more

More M. by More M.
May 15, 2025
in Energy
Gold

Credits: Medium

The ‘golden oil’ is what it is called in a region situated in America. For more than 150 years, it has been regarded as important. Just like any other country or economy, various challenges have been faced. Things like inflation and the fluctuation of economies and technology, however, the golden oil did not stop being produced and harnessed. Research claims that with about 520,000, it is recognized as the biggest hub in the world, and this is an annual production capacity. What is more interesting is that there has been no sign of emptiness or dryness, and that is why it has caught our attention today.

Mining and its significance in the U.S., including the golden oil located in Arizona

Mining has always been a big deal in America and a tool seen as important. Until today, it is still important. The U.S. economy and states have taken something from it, but today we talk of 153 years later, a mine in Arizona is speaking another language. Of course, problems have arisen here and there, but the expansion has proven otherwise, and technological advancement too.

520,000 tonnes, and we are still finding more. As mentioned, it has never been empty, and there is still more of it being identified. The golden oil has been identified through mining activities as a mineral that contributes to the manufacturing of other vital essentials. Additionally, this is good because America can take charge and empower itself with this discovery. Arizona is promising years of consistent supply locally and internationally.

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The history of the Morenci copper mine

History began in 1871, and at this point, the full knowledge of copper and its capacity was not known. Additionally, it was an Arizona underground mine, and everything was still new and to be learnt. However, as years went by, copper was now seen as something valuable, and miners saw how much they could produce using it. Today, we talk of clean energy, but it is a versatile mineral. Here is a breakdown of the history:

  • Morenci was founded, established, and prepared for mining in 1872.
  • The land was purchased by Copper Queen Consolidated Mining in 1885, and in 1917 it was renamed Phelps Dodge.
  • From the 1930s until the 21st century, Phelps was the world’s largest underground copper mine.

The Morenci Copper Mine: An American giant

Identified as the American giant, the Morenci copper mine is situated in Arizona’s southwestern region, in Greenlee County. Known as the golden oil, copper could be perceived as an asset. It is owned and operated by a business called Freeport-McMoran and has been for more than 100 years. Researchers have confirmed that until 2041, operations will remain open and more than 1000 workers are currently on hand.

We are in the eco-friendly era, and copper has joined us. Why? Because we see it differently. It is not just a mineral but something that can contribute to years of constant energy supply, renewable, to be specific. Yes, vehicles and power grids have taken something from copper, but today it screams clean and sustainable energy for an evolving world.

Even after 153 years of producing what’s often called the “golden oil”, the industry is still growing, now powered by modern technology and advanced methods. Recent studies show there are about 12.3 million tonnes of copper still available, with many productive years ahead. At the Morenci copper mine, the extraction process involves drilling, blasting, loading, and transporting—each step playing a role in driving the operation forward. This site isn’t just about mining; it’s about impact. It’s created around 13,000 job opportunities and has contributed roughly $1.5 billion to the national economy.

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