ENERGY & MINERAL RESOURCES
Located in the heart of the Western Energy Corridor, Utah is home to an abundant supply of world class energy and mineral resources.
The State recognizes the value of developing opportunities across all resources including traditional and unconventional hydrocarbons, and renewable resources.
Utah contains a remarkable variety of nonfuel resources across base and precious metals, as well as industrial minerals. Perhaps most famously, Utah is home to the Rio Tinto Kennecott Bingham Canyon Mine, which is the largest manmade excavation on earth and the second largest producer of copper in the U.S., supplying between 18-25 percent of the country’s copper need.
In addition, Utah is the only state in the nation to produce strategic minerals such as magnesium, beryllium, potash and gilsonite. In the 2014 Fraser Institute annual survey of mining companies, Utah ranks as the 14th most favorable state out of 122 international jurisdictions for overall investment attractiveness for mining.
Utah Mining 2016 Report
More Mineral Stats
Base metal production is primarily supported by copper, molybdenum, magnesium, iron, & beryllium, which accounts for an estimated 65 percent ($2.2 billion) of the state’s non-fuel mineral resources.
Precious metal production is supported by gold and silver, which accounts for approximately 10 percent ($388 million) of the state’s non-fuel resources.
Industrial minerals in Utah during 2014 accounted for 35 percent ($1.41 billion) of non-fuel mineral production, with major contributors being potash and gilsonite.