Trump to approve land swap for Rio Tinto copper mine opposed by Native Americans [Yahoo! Finance Canada]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Yahoo! Finance Canada
By Ernest Scheyder (Reuters) - The Trump administration said on Thursday it would approve a land swap needed for Rio Tinto and BHP to build one of the world's largest copper mines, despite concerns from Native Americans that it would destroy a site of religious value. The move is likely to escalate tensions between Indigenous groups vocal about the need to preserve historical lands and Western governments eager to boost critical minerals production and offset China's sector dominance. The U.S. Forest Service, which is part of the Agriculture Department, said it will republish within 60 days an environmental report needed for the Resolution Copper project land swap to occur. Congress and then-President Barack Obama approved the mine in 2014 after it was added at the last minute to a must-pass military funding bill with the condition that an environmental report be published. The underground mine - which President Donald Trump approved in his first term before successor Joe B
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