AZ Mining Association
US Land swap bill clears $6bn Resolution Copper mine of Rio Tinto and BHP Billiton in Arizona
US Land swap bill clears $6bn Resolution copper mine of Rio Tinto and BHP in Arizona - Mining...
Rio Tinto and BHP Billiton have received clearance from the US Congress to swap land with the government, allowing the companies to build a $6bn copper mine in Arizona.The core of the legislation is exchanging 2,400 acres of land above the copper...
Congressional Action on Land Exchange Means Progress for Resolution Copper ‚ÄúResolution Copper Mining is pleased that the Southeast Arizona Land Exchange and Conservation Act passed the House of Representatives and the Senate with strong bipartisan support. Passage of the legislation means that Resolution Copper can move forward with the development of this world-class ore body which will create approximately 3,700 jobs, generate over $60 billion in economic impact and result almost $20 billion in state and federal tax payments,‚ÄĚ said project director Andrew Taplin. ‚ÄúThere is much more work to be done before commercial mining can begin and Resolution Copper looks forward to working with all stakeholders as we continue to progress through the regulatory review process toward responsible development and operation of a world-class copper mine that will safely produce over 25 percent of the current annual demand for copper in the United States.‚ÄĚ Once the legislation is signed into law by President Obama, Resolution Copper will focus on the comprehensive environmental and regulatory review under NEPA, where there will be broad public consultation, government-to-government consultation with Arizona Native American tribes and a comprehensive valuation appraisal of the copper deposit as required by Congress. Resolution Copper plans to work to expand existing partnerships and create new ones with neighboring communities and Native American Tribes. The company will endeavor to hire locally and regionally whenever possible. The heart of the legislation is the exchange of 2,400 acres of federally owned land above the copper deposit for 5,300 acres of land owned by Resolution Copper composed of valuable recreational, conservation and culturally significant land throughout Arizona. Congressional leaders made significant improvements to the legislation to address community, environmental and tribal concerns. These changes include provisions for completion of a full Environmental Impact Statement (EIS) prior to the exchange of title, extraordinary protections for historic Apache Leap, and safe access to the Oak Flat Campground after the exchange has been completed. For more information, visit http://resolutioncopper.com/media/press-releases/ About Resolution Copper The Resolution Copper Project is operated by Resolution Copper Mining, which is a limited liability company owned 55 percent by Resolution Copper Company (a Rio Tinto PLC subsidiary) and 45 percent by BHP Copper Inc. (a BHP Billiton PLC subsidiary). Contacts www.resolutioncopper.com Follow @resolutioncu on Twitter Resolution Copper Mining, Communications David Richins T 520.689.3587 M 520.827.9781 E David.Richins@resolutioncopper.com
Mining has been an unmistakable force and the main economic driver in Arizona.