(Disclosure: Rose Law Group represents Resolution Copper.)
By InBusiness Phoenix
Resolution Copper has reached a major milestone with the completion of its multi-year, $200 million rehabilitation and deepening of the historic No. 9 Shaft, a critical step in paving the way for one of the nation’s most important new sources of copper and critical minerals.
Resolution Copper is relevant to the Phoenix business community not only because copper is needed to meet clean energy goals, bolster supply chain resiliency and boost national security but Resolution Copper represents one of the most significant untapped copper deposits today.
Originally constructed in 1971 by the Magma Copper Company in Oak Flat and operated as a production shaft until the mid-1990s, the refurbished and deepened shaft now extends to a final depth of 6,898 feet underground, nearly five Empire State Buildings tall, and measures 22 feet in diameter. The completed No. 9 Shaft is now the second deepest single lift mine shaft in the United States, behind only Resolution Copper’s No. 10 Shaft at 6,943 feet.
