Porphyry copper deposits are copper ore bodies that are formed from hydrothermal fluids that originate from a voluminous magma chamber several kilometers below the deposit itself. Predating or associated with those fluids are vertical dikes of porphyritic intrusive rocks from which this deposit type derives its name. In later stages, circulating meteoric fluids may interact with the magmatic fluids. Successive envelopes of hydrothermal alteration typically enclose a core of disseminated ore minerals in often stockwork-forming hairline fractures and veins. Because of their large volume, porphyry orebodies can be economic from copper concentrations as low as 0.15% copper and can have economic amounts of by-products such as molybdenum, silver, and gold. In some mines, those metals are the main product. The first mining of low-grade copper porphyry deposits from large open pits coincided roughly with the introduction of steam shovels, the construction of railroads, and a surge in market demand near the start of the 20th century. Some mines exploit porphyry deposits that contain sufficient gold or molybdenum, but little or no copper. Porphyry copper deposits are currently the largest source of copper ore. Most of the known porphyry deposits are concentrated in: western South and North America and Southeast Asia and Oceania – along the Pacific Ring of Fire; the Caribbean; southern central Europe and the area around eastern Turkey; scattered areas in China, the Mideast, Russia, and the CIS states; and eastern Australia. Only a few are identified in Africa, in Namibia and Zambia; none are known in Antarctica. The greatest concentration of the largest copper porphyry deposits is in northern Chile. Almost all mines exploiting large porphyry deposits produce from open pits.
Geological overview
Geological background and economic significance Porphyry copper deposits represent an important resource and the dominant source of copper that is mined today to satisfy global demand. Via compilation of geological data, it has been found that the majority of porphyry deposits are Phanerozoic in age and were emplaced at depths of approximately 1 to 6 kilometres with vertical thicknesses on average of 2 kilometres. Throughout the Phanerozoic an estimated 125,895 porphyry copper deposits were formed; however, 62% of them (78,106) have been removed by uplift and erosion. Thus, 38% (47,789) remain in the crust, of which there are 574 known deposits that are at the surface. It is estimated that the Earth's porphyry copper deposits contain approximately 1.7×1011 tonnes of copper, equivalent to more than 8,000 years of global mine production. Porphyry deposits represent an important resource of copper; however, they are also important sources of gold and molybdenum – with porphyry deposits being the dominant source of the latter. In general, porphyry deposits are characterized by low grades of ore mineralization, a porphyritic intrusive complex that is surrounded by a vein stockwork and hydrothermal breccias. Porphyry deposits are formed in arc-related settings and are associated with subduction zone magmas. Porphyry deposits are clustered in discrete mineral provinces, which implies that there is some form of geodynamic control or crustal influence affecting the location of porphyry formation. Porphyry deposits tend to occur in linear, orogen-parallel belts (such as the Andes in South America). There also appear to be discrete time periods in which porphyry deposit formation was concentrated or preferred. For copper-molybdenum porphyry deposits, formation is broadly concentrated in three time periods: Palaeocene-Eocene, Eocene-Oligocene, and middle Miocene-Pliocene. For both porphyry and epithermal gold deposits, they are generally from the time period ranging from the middle Miocene to the Recent period, however notable exceptions are known. Most large-scale porphyry deposits have an age of less than 20 million years, however there are notable exceptions, such as the 438 million-year-old Cadia-Ridgeway deposit in New South Wales. This relatively young age reflects the preservation potential of this type of deposit; as they are typically located in zones of highly active tectonic and geological processes, such as deformation, uplift, and erosion. It may be however, that the skewed distribution towards most deposits being less than 20 million years is at least partially an artifact of exploration methodology and model assumptions, as large examples are known in areas which were previously left only partially or under-explored partly due to their perceived older host rock ages, but which were then later found to contain large, world-class examples of much older porphyry copper deposits.
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