financetom
Business
financetom
/
Business
/
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
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 >
Interfor to Indefinitely Close Two Lumber Mills in Georgia and South Carolina
Interfor to Indefinitely Close Two Lumber Mills in Georgia and South Carolina
Aug 19, 2024
05:10 PM EDT, 08/19/2024 (MT Newswires) -- Interfor ( IFSPF ) on Monday said it is indefinitely curtailing lumber mills in Georgia and South Carolina because of weak market conditions. The forest-products company said the mills in Meldrim, Georgia, and Summerville, South Carolina, will cease taking lumber deliveries immediately and operations will be completely wound down by the end of...
Royal Caribbean Cruises Insider Sold Shares Worth $919,300, According to a Recent SEC Filing
Royal Caribbean Cruises Insider Sold Shares Worth $919,300, According to a Recent SEC Filing
Aug 19, 2024
05:07 PM EDT, 08/19/2024 (MT Newswires) -- Vagn O Sorensen, Director, on August 15, 2024, sold 5,800 shares in Royal Caribbean Cruises ( RCL ) for $919,300. Following the Form 4 filing with the SEC, Sorensen has control over a total of 25,837 shares of the company, with 25,837 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/884887/000088488724000137/xslF345X03/wk-form4_1724101366.xml ...
Stratus Properties Completes Sale of Magnolia Place - Retail Property
Stratus Properties Completes Sale of Magnolia Place - Retail Property
Aug 19, 2024
05:10 PM EDT, 08/19/2024 (MT Newswires) -- Stratus Properties ( STRS ) said Monday it has completed the sale of its Magnolia Place - Retail property for $8.9 million. The deal generated pre-tax net cash proceeds of about $8.6 million, the company said. The company said it retains potential development of about 11 acres planned for 275 multi-family units and...
Atlassian Insider Sold Shares Worth $1,205,039, According to a Recent SEC Filing
Atlassian Insider Sold Shares Worth $1,205,039, According to a Recent SEC Filing
Aug 19, 2024
05:11 PM EDT, 08/19/2024 (MT Newswires) -- Scott Farquhar, 10% Owner, Director, Co-CEO, Co-Founder, on August 16, 2024, sold 7,948 shares in Atlassian ( TEAM ) for $1,205,039. Following the Form 4 filing with the SEC, Farquhar has control over a total of 238,440 shares of the company, with 238,440 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218024006358/xslF345X03/primarydocument.xml Price: 158.97, Change: -0.03, Percent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved