Rio Tinto on Friday said it had moved a step closer to the development of a new ...
LONDON - Rio Tinto on Friday said it had moved a step closer to the development of a new copper project in Arizona, one of the few new major known deposits of the metal, with the potential to meet around a quarter of U.S. demand.
Resolution Copper, 55% owned by Rio Tinto and 45% by BHP, has spent years waiting for clearance from U.S. authorities to develop the underground mine. Arnaud Soirat, Rio Tinto’s chief executive for copper and diamonds, said in a statement the publication of the DEIS was “a major permitting milestone” and the mine could meet up to 25% of U.S. copper demand.U.S. Forest Service documents also say that minerals on the U.S. critical minerals list such as cobalt, manganese and vanadium could be present in “elevated concentrations” at Resolution.
U.S. President Donald Trump has emphasized the need for the United States to develop its own resources as he stokes trade tensions with China.
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