Rio Tinto Aims for Mid-2030s Start at Arizona's Resolution Copper Mine, Launches $500M Exploration Program

Published: Mar 26, 2026 10:02

Save

A Rio Tinto executive said the company expected the Resolution Copper mine in Arizona, US, to come online in the mid-2030s.After years of litigation, this Anglo-Australian mining giant secured control of the land required to build one of the world's largest copper mines this month.The company had now launched a $500 million drilling program to explore the previously inaccessible 30% of the deposit. This exploration would help the company determine the commissioning timetable, but the first batch of copper ore was expected to be produced within a decade.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

36 mins ago

Macro Sentiment Wavered, BC Copper Closed Flat After Wide Intraday Swings [SMM BC Copper Commentary]

36 mins ago

1 hour ago

South Korea to Exempt Tariffs on Overseas-Sourced Critical Minerals

On the 25th, it was confirmed that the South Korean government will exempt tariffs of 3–8% on critical minerals such as lithium, graphite, and rare earth elements when domestically owned companies directly produce and import them from overseas. The Ministry of Trade, Industry and Energy has pre-announced a new regulation outlining tariff exemptions for overseas resource development projects. Under the policy, a total of 14 critical minerals—including lithium, graphite, nickel, cobalt, manganese, copper, zinc, and rare earth elements such as lanthanum, cerium, neodymium, terbium, dysprosium, yttrium, and scandium—will be eligible for duty exemption when brought into the country. The regulation is set to take effect on April 3.

1 hour ago

2 hours ago

Data: SHFE, DCE market movement (Mar 26)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 26 Mar , 2026

2 hours ago