SOURCE: Industrial Info Resources

Industrial Info Resources

December 23, 2009 05:30 ET

Third-Largest U.S. Copper Mine Expected to Be Brought Online in 2012 Despite Environmentalists' Concerns, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 23, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Despite concerns from local residents and environmental groups, Augusta Resource Corporation (NYSE:AZC) (Vancouver, British Columbia), a base metals company, is advancing plans for the Rosemont copper-molybdenum deposit near Tucson, Arizona, which is expected to be the third-largest copper mine in the U.S. Once in full production in 2012, the $897 million open-pit Rosemont copper-molybdenum mine will account for 10% of all U.S. copper output, producing 200 million pounds per year, as well as 4.7 million pounds per year of molybdenum and 2.4 million ounces per year of silver, during the proposed 20-year mine life.

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