Is there any hidden value in mining waste and tailings? Can we re-evaluate tailings as secondary ore deposits and close the mining loop? Dr. Nikolaos Arvanitidis, Economic Geologist, provides interesting data why unlocking the hidden value in global tailings is a paradigm shift in mining, moving from seeing waste as a liability to viewing it as a strategic resource.
The concept of unlocking the hidden value in global tailings (Figure 1) sits at the intersection of circular economy, ESG (Environmental, Social, and Governance) imperatives, and new technology.

Figure 1: Mining wastes (waste rocks, tailings) of yesterday could become the strategic mineral resources of tomorrow (photo credits: Geological Survey of Sweden/SGU)
Where the "Hidden Value" lies?
- Residual Minerals: Tailings often contain significant amounts of valuable minerals (e.g., copper, gold, cobalt, rare earth elements) that were not economically recoverable with the technology at the time of original processing. New methods can now extract them.
- Critical & Strategic Materials: Old tailings can be a source of metals now deemed critical for the energy transition (e.g., rare earths in waste rocks, cobalt in old copper tailings, lithium in certain mineral sands, germanium in zinc tails). This reduces the need for a new primary extraction.
- The material itself
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- Construction Aggregates: Processed tailings can replace sand and gravel in concrete, bricks, and road bases, addressing sand scarcity issues.
- Backfill: Used as paste or aggregate backfill in underground mines, improving geotechnical stability and reducing surface waste.
- Soil Amendment: Certain tailings, when treated, can provide nutrients or improve soil structure (e.g., bauxite residue "red mud" for alkalinity).
- Reprocessing for Environmental Benefit: Removing sulfides or contaminants through reprocessing can prevent Acid Mine Drainage (AMD), turning a long-term liability into a revenue stream while cleaning up the site.
- Land and Infrastructure Value: Successful remediation and reprocessing can free up vast land areas for renewable energy projects, agriculture, or real estate, especially near existing infrastructure (roads, power, water).
- Carbon Sequestration: Some tailings (e.g., ultramafic nickel tailings) naturally absorb CO₂ through carbon mineralization. Accelerating this process could generate carbon credits.
Key drivers unlocking this value
- Technological Advancements: Cheap sensor technology (drones, hyperspectral imaging), advanced data analytics (AI/ML for material characterisation), and novel extraction methods (in-situ leaching, bioleaching, advanced sorting) make reprocessing economically feasible.
- ESG & Regulatory Pressure: Stricter global standards (e.g., Global Tailings Standard) and investor demand are forcing companies to manage liabilities. Reprocessing can be part of a "responsible closure" strategy, improving a company's social license.
- Circular Economy Mandates: Governments and consumers are pushing for resource efficiency. Tailings reprocessing is the epitome of a circular model within the extractive sector.
- Supply Chain Security: Nations and companies are seeking to de-risk supply chains for critical minerals. Domestic tailings can be a secure, secondary source.
- Economic Incentives: Rising commodity prices can quickly change the economics of tailings reprocessing. Lower capex (no need for new mining) can improve project margins.
Significant challenges and risks
- Heterogeneity & Characterisation: Tailings are not uniform. Accurate, cost-effective characterization of vast, historic deposits is complex and expensive.
- Volume & Logistics: The sheer scale (often billions of tonnes) requires high-throughput, low-cost processing methods. Handling and moving material is a major cost.
- Legacy Liability & Ownership: Many old tailings facilities are owned by defunct companies or are "orphaned." Legal liability for reprocessing (and any new waste created) is a major hurdle.
- Secondary Waste: Reprocessing creates new, sometimes more concentrated, waste streams that must be managed responsibly. You cannot just create a new toxic tailings pond.
- Water & Energy Use: New processing must be water and energy-efficient to be sustainable and economic.
- Social Acceptance: Communities may be wary of "re-mining" disturbing stabilized sites, raising dust, or extending the life of a mine they hoped would close. Trust and transparent engagement are crucial.
The path forward and business models
- Integrated Mine-Site Strategy: Mining companies treat tailings as a "resource extension" from day one, designing for eventual reprocessing (Design for Deconstruction).
- Specialist "Tailings Miners": New ventures (e.g., Mine Waste Transformation, Renew Mineral) partner with or acquire tailings from majors to focus solely on value recovery.
- Public-Private Partnerships (PPPs): Governments incentivize reprocessing of orphaned sites to clean up environmental liabilities while recovering value (e.g., South Africa's gold tailings).
- Cross-Industry Synergies: Collaborations with the construction industry to create certified, safe aggregates from tailings.
Some conclusive highlights
Unlocking hidden value in global tailings is no longer just a theoretical idea. It is an operational, environmental, and strategic imperative. The companies and nations that succeed will be those that:
- Reframe tailings as resource reservoirs
- Invest in innovative characterization and processing technologies
- Navigate the legal and social complexities with care
- Integrate tailings valorisation into the core of the mining lifecycle.
The ultimate goal is a "zero-waste mine," where what was once the industry's greatest liability becomes a cornerstone of its sustainable and profitable future.
Estimated global scale of tailings
- Volume: There are an estimated ~217 billion tonnes of tailings stored globally across over 30,000 active, inactive, and closed facilities. This volume grows by ~10-15 billion tonnes annually.
- Area: Tailings facilities cover approximately 8,000 km² of land -an area larger than the island of Crete.
- Economic value (potential): A 2020 report by the Coalition on Materials and Mining Transition (CMT) estimated that the copper content alone in global tailings could be worth close to 1 trillion EUR at current prices. Including gold, cobalt, rare earths, and other by-products, the total potential value is enormous but highly variable.
Deposit types & their tailings "Fingerprints"
The value and composition of tailings are directly inherited from the original ore deposit type (Figure 2). A taxonomy of major sources is presented in the following paragraphs.
Base Metal Porphyry Deposits (The Giants)
- Origin: The world's largest source of copper, molybdenum, and a major source of gold. Processed at very low grades (0.2-1% Cu), generating massive tailings volumes.
- Hidden Value:
-
- Copper & Molybdenum: Residual sulfides unrecovered by original flotation
- Gold: Often fine-grained and associated with pyrite, which may not have been fully recovered
- Rhenium: In molybdenum concentrates from some porphyries
- Critical Minerals: Cobalt can be present in pyrite (e.g., certain Andes deposits).
- Examples: Chuquicamata (Chile), Bingham Canyon (USA), many deposits in Peru and British Columbia.
Orogenic & Carlin-Type Gold Deposits
- Origin: Gold is often finely disseminated or associated with arsenopyrite/pyrite. Older processing (pre-1990s) had lower recovery rates.
- Hidden Value:
-
- Gold: The primary target for reprocessing. Modern cyanide leaching (CIL/ RIP) can recover gold from previously untreated tailings.
- Arsenic: A liability that requires management but can sometimes have a specialty market.
Examples: Witwatersrand Basin (South Africa) – arguably the world's largest gold tailings resource. Carlin Trend (USA), Kalgoorlie (Australia).
Volcanogenic Massive Sulfide (VMS) & Sedimentary Exhalative (SEDEX) Deposits
- Origin: Base metal deposits rich in zinc, lead, copper, silver, and gold, often with complex mineralogy.
- Hidden Value:
- Critical Minerals: These are prime sources for "technology metals". Tailings can contain significant indium, germanium, gallium, tellurium, and selenium hosted in sphalerite (zinc ore) or other sulfides.
- Silver & Gold: Often by-products.
- Examples: Kidd Creek (Canada - famous for indium), Red Dog (USA - zinc), Century Mine (Australia)
Rare Earth Element (REE) Deposits (Figure 3)
- Origin: Often mined for a primary product (e.g., iron, niobium) with REEs as gangue. Early operations ignored REEs entirely
- Hidden Value:
-
- Heavy & Light REEs: Old tailings from mineral sands (monazite), carbonatites, and ion-adsorption clays can be concentrated sources
- Thorium/Nuclear: A complicating factor due to radioactivity (monazite)
- • Hidden Value:. • Examples: Bayan Obo (China - iron-REE), Mountain Pass (USA) legacy tailings, old mineral sands operations in Australia, India, Brazil.
Lateritic Nickel Deposits
- Origin: High-volume, low-grade operations using high-pressure acid leaching (HPAL)
- Hidden Value:
-
- Cobalt & Scandium: Cobalt is a primary co-product. Scandium, a high-value critical metal, is often not recovered and reports to tailings
- Carbon Sequestration: Ultramafic-derived tailings are highly reactive and ideal for mineral carbonation projects.
- Examples: Operations in New Caledonia, the Philippines, and Cuba. Greek laterites are also a potential target.
Historical & Low-Tech Operations
- Origin: Pre-20th century or artisanal operations with primitive technology (e.g., gravity separation only)
- Hidden Value:
-
- Alluvial/Cassiterite Tin: Can contain coltan (tantalum-niobium) and tungsten minerals
- Historical Copper/Silver Smelters: Slag dumps can contain high metal values
- This category is highly diverse but often high-grade by modern tailings standards.
- Examples: 19th-century gold dredging tailings (New Zealand, California), Cornish tin mines (UK)
Global Distribution & Hotspots
The map of valuable tailings closely follows the map of historic and current mining districts:
- South Africa: The global epicenter for gold tailings reprocessing. Also, platinum and chrome tailings
- Chile & Peru: The "copper porphyry belt" holds the largest volume of base metal tailings, with growing interest in critical minerals
- Australia, USA, Canada: Mature mining jurisdictions with historic tailings from gold, base metals, and uranium, often with high reporting standards enabling project development
- Central Africa (Copperbelt): Historic copper-cobalt tailings, increasingly valuable for cobalt
- China & Southeast Asia: Large volumes from rare earth, tin, and tungsten operations, with growing domestic focus on critical minerals recovery
- Greece: Potential grades of gallium, scandium, and rare earths in tailings and metallurgical residues (e.g., red mud) related to bauxite mining and alumina processing.
Global Distribution & Hotspots
The map of valuable tailings closely follows the map of historic and current mining districts:
- South Africa: The global epicenter for gold tailings reprocessing. Also, platinum and chrome tailings
- Chile & Peru: The "copper porphyry belt" holds the largest volume of base metal tailings, with growing interest in critical minerals
- Australia, USA, Canada: Mature mining jurisdictions with historic tailings from gold, base metals, and uranium, often with high reporting standards enabling project development
- Central Africa (Copperbelt): Historic copper-cobalt tailings, increasingly valuable for cobalt
- China & Southeast Asia: Large volumes from rare earth, tin, and tungsten operations, with growing domestic focus on critical minerals recovery
- Greece: Potential grades of gallium, scandium, and rare earths in tailings and metallurgical residues (e.g., red mud) related to bauxite mining and alumina processing.
Key takeaway
The origin deposit type is the master key to unlocking tailings value. A successful tailings reprocessing venture begins with deposit geology to predict the "hunt list" of elements, followed by modern mineralogical analysis (QEMSCAN, MLA) of the specific tailings stream.
The resource is undeniably vast. The challenge is not if there is value, but developing the economic, technological, and legal frameworks to extract it sustainably and responsibly on a site-by-site basis. The tailings of yesterday are rapidly becoming the strategic mineral reserves of tomorrow.

Figure 2: The value and composition of tailings are directly inherited from the original ore deposit type (photo credits: Geological Survey of Sweden/SGU)

Figure 3: Waste rocks from the historical Ytterby mine in Sweden could have a potential resource of rare earths (photo credits: RMG Consulting)
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Photo credits for cover photo: https://www.matecindustries.com










