Rio Tinto (NYSE: RIO) is betting that U.S. President Donald Trump will finally give the green light to its giant copper mine in Arizona, the Financial Times reported on Wednesday.
“I do think that we have really good chances now to progress that project,” the miners’ top boss Jakob Stausholm told the newspaper in an interview published on Wednesday.
The stalled Resolution copper mine that Rio is developing with BHP Group (NYSE: BHP) could supply more than one-quarter of the United States’ domestic copper needs for the highly conductive metal.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment. Read Full Bio
