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0 0 -0.00418087798437667 0 -0.0100121025415337 -0.0100121025415337 -0.00990207943668161 -0.0110023104852019
Stock impact report

Resolution Copper completes historic land exchange

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Business Wire
SUPERIOR, Ariz.--(BUSINESS WIRE)--Resolution Copper, a joint venture between Rio Tinto (55%) and BHP (45%), and the United States Forest Service (USFS) have completed a historic land exchange, unlocking the next phase of one of the world’s largest untapped copper deposits.Completion of the land exchange follows a 13 March decision in the U.S. Court of Appeals for the Ninth Circuit which ruled in favour of Resolution Copper and the federal government, denying the plaintiffs’ requests to stop the exchange.Resolution Copper has now placed environmentally and culturally sensitive land into protection through the transfer of more than 5,400 acres of land containing special status species, riparian areas, and Native American cultural sites for inclusion in National Forests and National Conservation Areas. In return, it has received over 2,400 acres of land adjacent to the historic Magma copper mine in Superior, Arizona.Legislation to facilitate the land exchange passed with bipartisan s Show less Read more
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