HOUSTON, March 24 (Reuters) - Rio Tinto expects
to open Arizona's Resolution Copper mine by the mid-2030s, a
senior executive of the miner told Reuters on Tuesday.
The Anglo-Australian mining giant this month gained control
of acreage needed to build one of the world's largest copper
mines after a years-long court fight.
The company has now begun a $500 million drilling campaign
to explore the 30% of the deposit it previously could not
access. That research will help the company decide its
production timeline, but first copper is expected within a
decade.
"We are quite committed to bringing copper on as quickly as
we can," Katie Jackson, head of Rio's copper business, told
Reuters on the sidelines of the CERAWeek by S&P Global
conference in Houston. "This is something we want to do in the
early to mid 2030s."
Rio operates Utah's Kennecott copper mine and smelter, with
all of its production consumed inside the country. The only
other U.S. copper smelter is operated by Freeport-McMoRan ( FCX )
.