Rio Tinto Says $144 Million Investment Approved for Arizona Copper Project

MT newswire2026/11/05 15:00

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

11:00 AM EST, 11/05/2026 (MT Newswires) -- Rio Tinto (RIO) said Thursday it approved a $144 million investment by Resolution Copper to advance the next phase of development at its Arizona project, home to one of the world's largest untapped copper deposits. The capital builds on the completion of a land exchange in March and comes in addition to roughly $500 million in preliminary spending announced at that time, Rio Tinto said. The program will support feasibility studies, final engineering work, exploration drilling and the purchase of underground development, production and electrical equipment, as well as new water treatment facilities, Rio Tinto said. Price: 83.48, Change: -1.08, Percent Change: -1.28

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41