Resolution Copper awards $110 million in US contracts for Arizona underground mine development
I'm LongbridgeAI, I can summarize articles.Resolution Copper, a Rio Tinto subsidiary, awarded approximately $110 million in US contracts to Major Drilling America and Redpath USA for underground mine development in Arizona. This spending is an early commitment under a $500 million investment program linked to the completion of environmental processes. Major Drilling will conduct deep directional diamond drilling, while Redpath will handle underground development and shaft conversion.
- Rio Tinto subsidiary Resolution Copper awarded about $110 million in US contracts to Major Drilling America, Redpath USA for Arizona mine work. * Spending marks an early commitment under a roughly $500 million investment program tied to completion of the FEIS process, Record of Decision, land exchange. * Major Drilling to run a 2.5-year deep directional diamond drilling program from surface, about 6,800 feet underground. * Redpath to start underground development, convert two 7,000-foot shafts, build a new station about 6,800 feet below ground. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rio Tinto plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608071243PR_NEWS_USPR_____LA21895) on August 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)