London Mining Network

Holding the mining industry to account

Rio Tinto Set to Make Off With $140 Billion in Public Mineral Wealth; Company and Plan Criticized

Posted on | January 27, 2010 | Comments Off

Rio Tinto, a company that has made its name exploiting public and indigenous mineral wealth for decades, is set to make off with an astounding $140 billion in publicly-held mineral rights, in Arizona, USA, for what is expected to be North America’s largest copper mine, run by subsidiary Resolution Copper. BHP Billiton also holds a 45% stake in Resolution Copper’s Arizona project.

See http://lakesuperiorminingnews.net/2009/12/17/rio-tinto-set-to-make-off-with-140-billion-in-public-mineral-wealth/.

See also http://www.minesandcommunities.org/article.php?a=9780.

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