financetom
Business
financetom
/
Business
/
CERAWEEK-Rio Tinto expects Resolution Copper mine to open by mid-2030s
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CERAWEEK-Rio Tinto expects Resolution Copper mine to open by mid-2030s
Mar 24, 2026 10:43 AM

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 )

.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
SharkNinja Launches Secondary Offering of 5 Million Shares
SharkNinja Launches Secondary Offering of 5 Million Shares
Aug 20, 2025
05:01 PM EDT, 08/20/2025 (MT Newswires) -- SharkNinja ( SN ) said late Wednesday that certain shareholders linked with its Chair CJ Xuning Wang have started a public offering of 5 million shares of the product design company. The selling shareholders plan to give the underwriters a 30-day option to buy an additional 750,000 shares. The company will not receive...
Collegium Pharmaceutical Insider Sold Shares Worth $626,171, According to a Recent SEC Filing
Collegium Pharmaceutical Insider Sold Shares Worth $626,171, According to a Recent SEC Filing
Aug 20, 2025
05:04 PM EDT, 08/20/2025 (MT Newswires) -- Scott Dreyer, Executive Vice President & Chief Commercial Officer, on August 18, 2025, sold 16,389 shares in Collegium Pharmaceutical ( COLL ) for $626,171. Following the Form 4 filing with the SEC, Dreyer has control over a total of 103,613 common shares of the company, with 103,613 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1267565/000106299325014766/xslF345X05/form4.xml...
Wheels Up Divests Non-Core Services Businesses for $20 Million
Wheels Up Divests Non-Core Services Businesses for $20 Million
Aug 20, 2025
05:04 PM EDT, 08/20/2025 (MT Newswires) -- Wheels Up Experience ( UP ) said late Wednesday it sold three non-core services businesses, Baines Simmons, Kenyon International Emergency Services, and Redline Assured Security to an independent third party for about $20 million. The company said it will use the proceeds to support its fleet modernization plan and for general corporate purposes....
Petrobras chairman resigns to take position at Brazil's oil regulator
Petrobras chairman resigns to take position at Brazil's oil regulator
Aug 20, 2025
SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras said on Wednesday that chairman Pietro Mendes has resigned from the role, as well as from his seat on the board of directors. Mendes is set to become a director at Brazil's oil and gas regulator ANP, after the Senate approved his nomination earlier this week. In a securities filing, Petrobras noted...
Copyright 2023-2026 - www.financetom.com All Rights Reserved