Giant Arizona Copper Mine Moves Forward Following Forest Service Land Swap
Miners sitting atop one of the largest copper deposits on the planet took a step toward production this week when the U.S. Forest Service finalized a long-delayed land swap with Resolution Copper. The venture between Rio Tinto and Glencore in Arizona still needs state permits, but completion of the land swap is effectively a green light to begin developing a mine that Resolution believes will eventually fulfill 25% of U.S. copper consumption. “The initial stages right now are really about collecting more data,” said Vicky Peacey, Resolution’s president and general manager.
Miners sitting atop one of the largest copper deposits on the planet took a step toward production this week when the U.S. Forest Service finalized a long-delayed land swap with Resolution Copper. The venture between Rio Tinto and Glencore in Arizona still needs state permits, but completion of the land swap is effectively a green light to begin developing a mine that Resolution believes will eventually fulfill 25% of U.S. copper consumption. “The initial stages right now are really about collecting more data,” said Vicky Peacey, Resolution’s president and general manager.