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Rio Tinto injects another $302m into Arizona copper project
Major Rio Tinto will invest a further $302-million to advance the Resolution copper project, in Arizona. Rio, which owns a 55% interest in the project, and project partner BHP, which owns the remaining 45% interest, have invested over $2-billion on the permit since 2004, including on sinking a new shaft to mining depth, rehabilitating an existing shaft, as well as on drilling, orebody testing and permitting. Rio said on Monday that its latest investment into the project would fund additional drilling, orebody studies, infrastructure improvements and permitting activities as the company worked towards progressing the ... (full story)