Rio Tinto to invest US$1bil in US copper mine

Rio Tinto said it will invest US$498mil (RM2.3bil) to develop an underground mine and infrastructure in an area known as the North Rim Skarn. — Bloomberg

SYDNEY: Rio Tinto Group intends to invest about US$920mil (RM4.3bil) at its Kennecott copper operations in Utah as part of a plan to increase its supply in North America.

Demand for the material is set to surge in the coming years due to the global energy transition.

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RioTinto , Kennecott , copper , NorthRimSkarn , mining , investment , energytransition

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