Lates News

CEOs of the two largest mining companies in the world and US President Donald Trump met to discuss a copper mining project that could potentially supply a quarter of the United States' copper demand for the next few decades. According to a post by Jakob Stausholm, CEO of Rio Tinto Group, on LinkedIn, he himself, his successor Simon Trott, as well as the CEO of BHP Group, Mike Henry, met with Trump to discuss the Resolution project in Arizona. Stausholm wrote, "Today, Simon Trott and I visited the White House to meet with US President Donald Trump, Interior Secretary Doug Bergum, and other officials to discuss the crucial role that Rio Tinto plays in supplying copper and other key minerals in the US." He also mentioned that they discussed the potential domestic supply provided by the Resolution project. The Resolution project by Rio Tinto can meet 25% of the US's copper demand for up to 40 years, but due to licensing issues, environmental concerns, and litigation, the project has been delayed for twenty years.