In a stunningly simple act of engineering, a mining company is planning to build a massive underground mine beneath a Mexican mountain.
The company, called GML, said it will use 3,000 tons of ore to create an industrial mine capable of producing more than 100 million barrels of oil a day, enough to power the world’s largest energy company.
Its project is part of a growing trend in China and elsewhere in Asia where large-scale projects are underway, mostly in the form of huge, underground mines that would create tens of millions of jobs.
But the idea of an underground mining operation is far more than just a dream.
“It’s an idea that is now a reality,” said Luis Carlos Gonzalez, the CEO of GML.
“There are a lot of projects that are going on in China right now.
But the problem is that you don’t have the technology, and the costs are prohibitive.”GML has set its sights on the mountain where the company is located, the Saguaro-Mazatlan complex in northern Mexico, and hopes to bring in investors to finance its $60 billion plan.
The plan is to begin construction this year and is already raising $30 billion from investors including Google and Qualcomm.GML hopes to create the largest mining operation in Mexico, where mining is a major industry and where the average monthly wage is around $500.GOLDSON said he hopes to attract investors who are willing to invest billions of dollars in Mexico.
The mine will be built on a mountain near a river that feeds into a nearby lake and is expected to have more than 40 mines in operation.
Golson said the mine would not be as large as in the United States, but he said it would have enough capacity to support mining operations for 10 years.
“We will have enough resources to support this project for 10-20 years,” he said.
The project is one of many that GML is planning, but Gonzalez said it has the potential to be a game-changer in the energy industry.
Gonzalez said his company plans to use 3 million tons of iron ore to build an underground mine that will supply electricity to power GML’s operations.
The mining company hopes to begin mining operations in 2021, and he said he expects to be ready to open the first mines in 2024.
“The first one will be at the Saugatuck mine,” he told the Wall Street Review.
Golitas company has not disclosed the size of the project, but said it is the largest underground mine in the world and will employ 10,000 workers, with 3,500 of them at the mining site.
Golesons company hopes the mining operations will be able to produce more than 1 million barrels per day of oil, enough for the worlds largest energy firm to become the world leader in oil production.
Golisas company will also develop a 1,000-megawatt plant to make gas, according to the company.
Golan said the Sauzatuck and Mazatlan mines are not in Mexico alone, but in many of the region’s major mining areas.
“This is the beginning of a trend of underground mining in Mexico,” he added.
Golias companies plans to open five more mines in the region and hopes that its first mine will produce more oil than the other mines, he said, noting that its mine in Saguaros mine will have more capacity than the others.
The companies goal is to create 3,300 jobs, he added, noting GML has already hired 1,800 people at its new mines.
The Saguaranos mine is the second mine to be proposed in the area and GML plans to begin operations in 2018, he noted.
Golason said the project is just one example of the benefits that mining can bring to communities in the areas that it is planned to operate.
Golson said that the Sargent and Mazatlans mine will create 1,200 jobs and the Sazuaros Mine will employ 300 people.
Gola said his mines could produce more energy than the world economy generates and that it will be an important development in the economy in Mexico and the world.
“You can think of the economic impact of our mines as having an impact of 100 million jobs,” he explained.