Resolution Copper is developing one of the world’s largest untapped copper deposits in Arizona’s Copper Triangle. Once in operation, the mine could supply up to one-quarter of the nation’s copper demand.
So what does it mean for the people of Arizona? For starters, it will create thousands of new jobs that will boost economic growth and provide taxes to fund vital services.
Let’s take a closer look.
Creating New Jobs
When the mine is fully operational, Resolution Copper expects to directly employ about 1,500 workers, paying around $134 million per year in total compensation. The project will also generate approximately 2,200 indirect jobs, meaning it could support some 3,700 jobs and $270 million per year in total compensation at full production. And the Resolution Copper Apprentice Program is training more local workers to fill these positions.
Boosting the Local Economy
Studies show Resolution Copper could produce up to $61 billion in economic value for Arizona over the 60-year life of the project. Resolution Copper will boost state and local tax revenues by between $88 million and $113 million per year, while the federal government could see an extra $200 million in tax revenues per year.
Delivering Vital Fuel for American Innovation
Copper is an essential component in mobile devices, medical equipment and clean energy technologies, and demand is growing worldwide. In fact, the World Bank estimates global copper demand could rise by 200% by 2050. Having a steady home-grown copper supply will be a competitive advantage for US manufacturing companies.
Driving the Clean Energy Economy
We’ll not only provide renewable energy manufacturers with American copper they need to build new products, but Resolution Copper will utilize clean energy to power our operations.