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Resolution Copper completed a land swap to secure a major Arizona copper mine, exchanging sensitive land for federal conservation, to boost U.S. domestic copper supply.
Resolution Copper, a joint venture between Rio Tinto and BHP, has completed a federal land exchange in Arizona, securing control of over 2,400 acres needed for a major copper mine.
The deal, finalized after a U.S. Court of Appeals upheld its legality, swaps more than 5,400 acres of environmentally and culturally sensitive land—including the sacred Oak Flat site—into federal conservation areas.
The project, authorized by bipartisan legislation in 2014, aims to supply up to a quarter of U.S. copper demand for decades, supporting national defense, electric vehicles, renewable energy, and data centers.
Resolution Copper plans to spend $500 million over two years on development, creating hundreds of jobs and boosting Arizona’s economy by about $1 billion annually.
The move advances domestic mineral production amid rising demand and U.S. reliance on imported copper.
Resolution Copper completó un intercambio de tierras para asegurar una importante mina de cobre de Arizona, intercambiando tierras sensibles para la conservación federal, para impulsar el suministro doméstico de cobre de los Estados Unidos.