What's Happening?
Resolution Copper has completed a significant milestone with the rehabilitation and deepening of the historic No. 9 Shaft in Arizona. Originally constructed in 1971, the shaft now extends to a depth of 6,898
feet, making it the second deepest single lift mine shaft in the U.S. This development is part of a joint venture between Rio Tinto and BHP, aiming to establish one of the largest copper producers in North America, potentially supplying up to 25% of U.S. copper demand annually. The project has achieved two years without any medical injuries or lost-time incidents, highlighting Resolution Copper's commitment to safety.
Why It's Important?
The completion of the No. 9 Shaft is crucial for advancing the Resolution Copper project, which promises significant economic benefits for Arizona and the U.S. The project is expected to create thousands of high-paying jobs and contribute billions in economic development. It also aims to provide a domestic supply of copper, essential for American security and infrastructure. However, ongoing litigation continues to delay further development, impacting the potential benefits and progress of the project.
What's Next?
Resolution Copper is poised to advance the project once litigation delays are resolved. The company is ready to move forward with the next phase of underground development, which will further enhance copper production capabilities. The completion of the No. 9 Shaft sets the stage for future expansion and increased production, contingent on legal proceedings and regulatory approvals.
Beyond the Headlines
The project underscores the importance of collaboration between local communities and national partners in achieving safety and excellence in mining operations. It also highlights the role of skilled local workforce development in powering future economic growth in Arizona.
