The Wall Street Journal posted an online article on April 13, 2009 with the headline “Recession Erodes Resistance to Copper Mine.”
To view the entire article you may have to sign up for a free trial subscription.
Posts Tagged ‘superior jobs’
Wall Street Journal Article
Monday, April 20th, 2009How a Mine Becomes an Economic Engine
Friday, February 6th, 2009
The Resolution Copper mine will require a diverse, highly skilled workforce.
With an estimated impact of $798.2 million per year, the long-term economic benefits of the RCM project to the local area and the state of Arizona are impressive. Here are six key economic projections:
- Total estimated economic impact over the 66-year project life on the state of Arizona, including additional development in Superior: $46.4 billion.
- During peak years of mine production, annual estimated impact of the mine: $536.6 million.
- Including all related residential, commercial and industrial development, projected peak annual economic impact on the state of Arizona: $798.2 million, the equivalent of one and a half NFL Super Bowls a year, every year over the 66-year life of the project.
- RCM Project estimated to generate federal, state, county, and local tax revenue in excess of $10.7 billion.
- Over the project’s expected life, a peak of 1,200 mine employees and 200 full-time contractors are anticipated during normal operations.
- Including indirect and induced jobs, annual mine operations are initially expected to account for 2,603 jobs and $178.7 million in wages.*
* Economic and Fiscal Impact Study conducted by third-party consultant Elliott D. Pollack and Company. Results released in April 2008.