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Resolution Copper Celebrates Milestone in Shaft Rehabilitation

Resolution Copper Celebrates Milestone in Shaft Rehabilitation

Resolution Copper Achieves Key Milestone with Historic Shaft

Resolution Copper has marked a significant achievement with the successful conclusion of its extensive rehabilitation and deepening project for the historic No. 9 Shaft. This project, with an investment of $200 million, plays a pivotal role in establishing one of the crucial sources of copper and minerals in the nation.

Details of the No. 9 Shaft Project

The No. 9 Shaft, initially built in 1971 by the Magma Copper Company, served efficiently as a production shaft until the mid-1990s. After refurbishment, this shaft now reaches a remarkable depth of 6,898 feet—comparable to nearly five Empire State Buildings stacked on top of each other and has a diameter of 22 feet. This positions the No. 9 Shaft as the second-deepest single lift mine shaft in the United States, following only Resolution Copper’s No. 10 Shaft.

Connection to Future Developments

The shaft has been deepened from 4,800 feet to over 6,800 feet. Currently, it connects seamlessly to the No. 10 Shaft, enhancing ventilation and providing access for forthcoming underground developments. This intricate network of underground mine workings is fundamental for advancing the next phase of the project, allowing for increased copper production that is vital for reinforcing the supply of this essential mineral within the United States.

Community Involvement and Workforce Development

Vicky Peacey, President and General Manager of Resolution Copper, expressed pride in the project, stating that the completion of the No. 9 Shaft symbolizes a substantial milestone reflecting the dedication and talent of the underground team alongside contracting partners. "American miners from local communities such as Superior, Miami, Globe, and others have come together to ensure the job proceeds safely," Peacey noted. Addressing ongoing legal challenges that could impede development, she emphasized the benefits this project could bring, including thousands of well-paying jobs and significant economic growth for rural Arizona.

Commitment to Safety

The rehabilitation project also highlighted an exceptional safety record, achieving two years without any medical injuries or lost-time incidents. Spearheaded by skilled crews, the work involved drilling nearly 14,500 feet, pouring over 560 cubic yards of concrete, and applying approximately 140 yards of shotcrete, showcasing Resolution Copper’s unwavering focus on maintaining safety standards.

Collaboration and Innovation in Mining

Redpath USA, the lead contractor for the project, played a crucial role in the reclamation efforts. Their collaboration with local companies such as Oddonetto Construction demonstrated how innovative solutions can be achieved when everyone is focused on safety and excellence. Eric Stoll, Project Manager at Redpath USA, expressed pride in their contribution to the project. Similarly, Kim Oddonetto, President of Oddonetto Construction, emphasized the importance of having a locally skilled workforce, stating that the project illustrates how the right training and opportunities empower communities and contribute to Arizona's future.

About the Companies Involved

Resolution Copper is recognized as Arizona Copper and operates the Resolution Copper Project through Resolution Copper Mining, a company partly owned by Resolution Copper Company (a Rio Tinto subsidiary) and BHP Copper Inc. The collaborative vision of these entities plays a critical role in ensuring a sustainable supply of copper.

Redpath USA Corporation

As a full-service underground mining contractor, Redpath USA Corporation has established a strong reputation in shaft sinking, lateral development, and various other underground construction activities, drawing on decades of experience in the mining industry.

Oddonetto Construction Inc.

Oddonetto Construction is a prominent minority- and woman-majority-owned general contractor with over 40 years of experience in Arizona, committed to delivering quality construction services while prioritizing safety and operational excellence. Their deep community ties enhance their service and support for the local economy.

Frequently Asked Questions

What is Resolution Copper?

Resolution Copper is a mining company focused on the extraction and production of copper, operating within the Resolution Copper Project in Arizona.

What recent project has Resolution Copper completed?

Resolution Copper has recently completed the rehabilitation and deepening of the historic No. 9 Shaft, enhancing its operational capabilities.

How deep is the No. 9 Shaft after rehabilitation?

The No. 9 Shaft now reaches a remarkable depth of 6,898 feet underground.

Who were the contractors involved in the No. 9 Shaft project?

The main contractors were Redpath USA and Oddonetto Construction, who collaborated on the shaft rehabilitation and deepening project.

What are the future implications of the No. 9 Shaft project?

The completed shaft is crucial for future copper production, providing access and ventilation for further underground mining developments, ultimately supporting economic growth in the region.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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