Approvals advance US Resolution Copper

(Image source: Resolution Copper) Located within the Tonto National Forest in Arizona, the proposed joint venture — 55% Rio Tinto and 45% BHO — has been under review for more than a decade.

Rio Tinto (ASX: RIO) and BHP (ASX: BHP) have received environmental approval from the US Department of Agriculture to advance on of the largest undeveloped copper mines in the world.

The republication of the final environmental impact statement (FEIS) by the US Forest Serve (USFS) allows the congressionally mandated land exchange, enabling future underground mine development and places thousands of acres of land into permanent conservation.

The copper project is expected to produce more than 18mt over its anticipated 40-year mine life, meeting more than 25% of the US’ copper demand.

Collaboration between the USFS, Native American Tribes, local copper triangle communities, civil society organisations and several federal and state agencies has shaped the project through rigorous, independent review under the National Environmental Policy Act.

Resolution Copper general manager Vicky Peacey says through this process the company has deepened relationships with local communities and Native American Tribes.

“Working together, mining can co-exist with cultural heritage, recreation, and nature, while delivering new economic opportunities in rural Arizona,” she said.

As part of the land exchange, Resolution Copper has committed to initiatives that support cultural preservation, recreation, education, employment, economic development and nature through long-term partnerships with Native American Tribes and local communities.

This includes significant funding in a long-term Native American Trust Fund and Emory Oak restoration.

Other commitments focus on conservation and monitoring of seeps and springs, restoration and preservation of creeks, rivers and habitat enhancement for biodiversity.

As one of the largest investments in rural Arizona’s history, the project is expected to generate more than 1500 jobs and contribute $1.54b (US$1b) annually to the state’s economy.

“We remain committed to earning trust through transparency, engagement, and responsible development as we move forward,” Ms Peacey said.

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