New mine capacity from yet-to-be found copper deposits

The copper industry in the USA is declining, but exploration for copper has been particularly promising in western Montana. The potential copper mine capacity of the area was estimated by using an interdisciplinary geological-economical assessment technique that categorizes deposits on the basis of development probability. Development probability is quantified and aggregated into potential new mine supply curves, which summarize resource potential of the region. The results suggest that copper resources in Montana and elsewhere are potentially large and that these resources probably will be mined at higher copper prices. This mineral assessment technique increases the usefulness of traditional methods for planners and policy makers.