Rio Tinto bets on Trump support for long-stalled Arizona copper mine
Rio has faced a 12-year permitting battle to develop the Resolution mine, which could meet 25% of the US domestic copper needs.
Australia’s mining industry — the main driver of the booming economy — is 83 percent foreign-owned, according to a study released by the country’s Greens party Wednesday.
The report, conducted by a private consultant commissioned by the Greens, said that in the next five years Aus$50 billion (US$53 billion) in profits from Australian mining operations would go offshore.
