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Re: frankie_fillet post# 172

Sunday, 01/01/2012 11:53:33 PM

Sunday, January 01, 2012 11:53:33 PM

Post# of 324
The Rosemont mine will take years to develop if it is approved before Augusta runs out of money.

http://www.eastvalleytribune.com/arizona/politics/article_4d804c40-db10-11e0-bb07-001cc4c002e0.html

The Resolution Copper Mine will is the richest copper ore (body) in North America ever discovered. Rio Tinto and BHP formed Resolution Copper, a LLP to develop the mine as a JV. The mine will be 30 miles west of Phoenix near Superior and will be the largest in Arizona. It will be an underground mine. Much of the ore is under the Magma Copper Mine, once the largest producer of copper in Arizona. BHP has a mining history in Arizona with three mines at Superior, Pinto Valley and San Manuel.

Augusta has never mined an ounce of ore and has no mining history.

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