Resolution Copper project enters next phase of public consultation

The Resolution Copper project has entered the next phase of public consultation in the ongoing permitting process, led by the US Forest Service, with the release of its independent Final Environmental Impact Statement . Decisions on whether to invest fully in developing the project, a proposed underground mine located in Arizona and one of the world’s most significant undeveloped copper deposits, remain subject to …

The Resolution Copper project has entered the next phase of public consultation in the ongoing permitting process, led by the US Forest Service, with the release of its independent Final Environmental Impact Statement (EIS).

Decisions on whether to invest fully in developing the project, a proposed underground mine located in Arizona and one of the world’s most significant undeveloped copper deposits, remain subject to further permitting processes and a feasibility study that will be conducted over several years.

Resolution Copper is committed to continuing its engagement with Native American Tribes and working to seek consent before any decision on the development of the project, consistent with the International Council on Mining and Metals (ICMM) Statement on Indigenous Peoples and Mining.

Resolution Copper started the permitting process in 2013, with the US Forest Service leading a comprehensive, independent review under the National Environmental Policy Act (NEPA), over seven years, and multiple Administrations.

Extensive consultation with 11 Native American Tribes and local communities has guided significant changes to the project design and measures including:

  • The permanent protection of the culturally significant natural feature of Apache Leap
  • A Tribal Monitor program focused on cultural heritage protection
  • A partnership to protect and conserve culturally significant Emory Oak groves across Arizona.
  • Economic and community development agreements that can deliver significant long-term benefits for the Superior community.

Rio Tinto chief executive Copper & Diamonds Arnaud Soirat said, “Rio Tinto is committed to ongoing engagement with Native American Tribes over the coming years to seek consent, before any potential decision by the partners to invest in developing this project.

“Consultation with Native American Tribes and local communities has led to significant changes to the project and shaped an extensive package of initiatives we expect to invest in across the mine’s life, including cultural heritage, education, economic development, environmental mitigation and recreation projects. This is a starting point from which we are committed to continue building constructive relationships through ongoing dialogue with Native American Tribes.

“The Resolution Copper project will create high-quality jobs and significant economic growth in Arizona, supplying up to one quarter of the United States’ copper demand and supporting the country’s low-carbon future.”

The Final EIS is now subject to 45 days of further public review and comment before the US Forest Service issues a final record of decision. After the US Forest Service process, further permitting will be progressed with other authorities and a detailed feasibility study completed over several years to inform investment considerations on the project. When an investment decision is made, Resolution Copper is expected to take around 10 years building infrastructure to prepare for the commencement of mining.

Notes to editors

  1. Resolution Copper Mining is a limited liability company owned 55 per cent by Rio Tinto and 45 per cent by BHP. Funding is proportional between the project partners.
  2. The project partners have spent over $2 billion (Rio Tinto share $1.1 billion) to date to develop and permit the Resolution Copper project, including reclamation of the historic Magma Copper Mine site, sinking a second shaft to mining depth, rehabilitating an existing shaft, extensive drilling and ore body testing, and the permitting and public engagement process.
  3. The publication of the Final EIS triggers a land exchange approved by Congress under the Obama Administration in 2015 that will see Resolution transfer 5,459 acres of high value conservation lands around Arizona to the Federal Government, in return taking ownership of 2,422 acres.
  4. The US Forest Service’s full process schedule and other detailed information on the NEPA process is available at www.resolutionmineeis.us/documents/authors/usfs .
  5. The ICMM Statement on Indigenous Peoples and Mining sets out its vision for relationships with Indigenous Peoples that are based on mutual respect, meaningful engagement, trust and mutual benefit, with Free, Prior and Informed Consent for mining projects based on good faith negotiation.

media.enquiries@riotinto.com
riotinto.com

Media Relations, United Kingdom
Illtud Harri
M +44 7920 503 600

David Outhwaite
T +44 20 7781 1623
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Asia
Grant Donald
T +65 6679 9290
M +65 9722 6028

Media Relations, Australia
Jonathan Rose
T +61 3 9283 3088
M +61 447 028 913

Matt Chambers
T +61 3 9283 3087
M +61 433 525 739

Investor Relations, United Kingdom
Menno Sanderse
T: +44 20 7781 1517
M: +44 7825 195 178

David Ovington
T +44 20 7781 2051
M +44 7920 010 978

Clare Peever
M: +44 7788 967 87

Investor Relations, Australia
Natalie Worley
T +61 3 9283 3063
M +61 409 210 462

Amar Jambaa
T +61 3 9283 3627
M +61 4 7286 5948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: Resolution

News Provided by Business Wire via QuoteMedia

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

Keep reading... Show less

Rio Tinto Exploration and Calibre Mining Initiate 2021 Exploration Program Including 5,500 Metre Drilling Campaign Prioritizing Prospective Near-Surface Copper and Copper-Gold Mineralization

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to provide an update on the Borosi exploration project held under an earn-in option agreement between Rio Tinto Exploration (LSE:RIO) (“RTX”) (“Rio Tinto”) and Calibre. Calibre controls a 100% interest in the Borosi concessions located in the prolific Mining Triangle region of northeastern Nicaragua. RTX has the right to earn a 75% interest by spending US$45 million over eleven years in the project ( see Calibre news release dated February 24, 2020 ). The Borosi exploration program is being directed by RTX through a partnership agreement with Calibre as project operator.

Highlights

Keep reading... Show less

FDA Approves Trodelvy®, the First Treatment for Metastatic Triple-Negative Breast Cancer Shown to Improve Progression-Free Survival and Overall Survival

Trodelvy Significantly Reduced the Risk of Death by 49% Compared with Single-Agent Chemotherapy in the Phase 3 ASCENT Study –

– Trodelvy is Under Regulatory Review in the EU and in the United Kingdom, Canada, Switzerland and Australia as Part of Project Orbis

Keep reading... Show less

Rio Tinto details $47 billion 2020 economic contribution, including $8.4 billion of taxes and royalties

Rio Tinto today released its 2020 Taxes paid: Our economic contribution report , which shows the company made a total direct economic contribution of $47 billion in the countries and communities where it operates, including $8.4 billion of taxes and royalties.

Despite the widespread challenges of COVID-19 in 2020, the contribution was up from the previous year, when Rio Tinto made a total direct economic contribution of $45.1 billion in the countries and communities where it operates, including $7.6 billion of taxes and royalties.

Keep reading... Show less

Top News

Related News