MARKET REPORT

Resolution Copper awards $110m in contracts for Arizona project

Executive takeaway

The Rio Tinto-led Resolution Copper joint venture has awarded about $110 million of contracts tied to its underground copper project in Arizona.

Resolution Copper, the joint venture between Rio Tinto and BHP developing an underground copper deposit near Superior, Arizona, has awarded roughly $110 million in contracts for work at the site. The project, one of the largest undeveloped copper resources in North America, has faced years of litigation and permitting disputes, including challenges from Native American groups over the Oak Flat land exchange. The contract awards indicate continued pre-development spending by the partners.
Wire sources cited

Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.