Name of the Project
Resolution copper project.

Location
Arizona, in the US.

Project Owner/s
Resolution Copper Mining, owned by Resolution Copper Company (55%), a subsidiary of Rio Tinto, and BHP Copper (45%) a subsidiary of BHP.

Project Description
Resolution is one of the most significant undeveloped copper deposits in the world.

When fully operational, the project has the potential to supply nearly 25% of the US’s copper demand.

Potential Job Creation
The project is expected to create several thousand direct and indirect jobs in the Pioneer mining district of Arizona.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Funding for the project is proportional among the project partners.

Planned Start/End Date
The comprehensive permitting process is well under way, with the environmental-impact study targeted to be completed next year, according to the regulators schedule.

Latest Developments
Rio Tinto has committed an additional $302-million of capital to advance the Resolution copper project.

The investment will fund additional drilling, orebody studies, infrastructure improvements and permitting activities as Rio Tinto considers progressing the project to the final stage of the project’s permitting phase.

The project is currently in its seventh year of a comprehensive environmental review and approval process, conducted by the US Forest Service under the National Environmental Policy Act.

This process has involved several public meetings, hundreds of government-to-government consultations between the Forest Service and Native American tribes, and the participation of individuals, environmental groups, nearby municipalities and local businesses.

Upon this investment, project partners will have invested more than $2-billion to develop and permit Resolution since 2004.

This includes sinking a new shaft to mining depth, rehabilitating an existing shaft, extensive drilling and orebody testing, and the permitting and public engagement process.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Resolution Copper Mining, tel +1520689 9374 or email info@resolutioncopper.com.
Resolution Copper Mining project information line, tel +1520689 3409.