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Rio Tinto aims to produce copper in Arizona by end of decade

Rio Tinto CEO Jakob Stausholm

Rio Tinto CEO Jakob Stausholm

26th September 2024

By: Bloomberg

  

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Rio Tinto aims to start churning out copper from a long-delayed mining project in Arizona by the end of the decade, according to CEO Jakob Stausholm.

“From a permitting point of view, we are towards the end of the process,” Stausholm said Thursday in an interview with Bloomberg TV. “We’re talking towards the end of the decade that we can have production.”

Rio’s Resolution Mine in Arizona would, if completed, supply more than a quarter of US copper demand for decades. But it’s strongly opposed by Native American groups concerned that the project will destroy a sacred tribal site. The project has faced numerous setbacks, and the permitting process has dragged on for over 12 years.

The Resolution project is owned 55% by Rio and 45% by BHP Group.

Edited by Bloomberg

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