Earlier quoted context omitted.
10,000t weight? If it’s made up of rock with a density of 3000kg/m3, it’s 3333 cubic meters, so about 15x15x15 m3. Basically a large building. I’m not sure what kind of shaft can handle it. And even if you can pull it of, 10000t over 1000 meters is only 27 MWh of storage. 1 pumped hydro plant can store hundred of GWh!
(1) Rock is not very dense; pig iron density is 3x rock's. (2) A cube is not the only shape, for a weight. (3) Total capacity is not the only parameter of interest, for utility storage. (4) There is not only one mineshaft. (5) No utility is restricted to using only one kind of storage; different kinds favor different parameters, and we may expect utilities to use different kinds at the same time to maximize value and…
Sounds like an Elon Musk solution. Make it bigger, taller, make more of it, and somehow it’ll bend basic physics facts to become the ground breaking disruptor technology of the next century.