BHP stock: Resolution Copper advances Arizona project with $144 million
Published on 11/09/2026 at 15:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNew copper project spending
- Resolution Copper approved the next development phase for its Arizona project.
- BHP owns 45 percent of the venture, while Rio Tinto holds the remaining 55 percent.
- The project still requires further studies, approvals and investment decisions before production can begin.
BHP is gaining a new copper-project angle after Resolution Copper approved the next phase of development in Arizona on Thursday, November 5. The project operator said in a PR Newswire release carried by Yahoo Finance that the program will advance feasibility studies, engineering and underground development.
Resolution Copper moves forward
The investment will support material-handling equipment for both shafts, new water-treatment facilities, exploration drilling and purchases of underground mining and production equipment. Long-lead electrical equipment, including transformers, circuit breakers and switchgear, is also covered.
Resolution Copper Mining is owned 55 percent by a Rio Tinto subsidiary and 45 percent by BHP Copper. The latest spending follows about 500 million US dollars of preliminary investment announced after a land exchange in March.
Long-term copper option
The Arizona deposit is between 5,000 and 7,000 feet underground. Resolution Copper said the project could become one of the largest copper mines in the United States and create thousands of jobs, but the development remains a long-term option rather than a production commitment.
The next phase also includes hiring 50 additional employees across mining, geology, geotechnical services, engineering and project support. For BHP, the project adds to a copper growth portfolio that already includes South Australia and the Escondida New Concentrator.
What it means for BHP
BHP stock traded at 73.25 euros on Lang & Schwarz at 15:29 CET on Monday, November 9, 2026.
BHP Group Limited
- ISIN: US0886061086
- Lang & Schwarz price: 73.25 euros on November 9, 2026, at 15:29 CET
- Resolution Copper stake: 45 percent
- Project location: Arizona, United States
Global mining conditions remain tied to industrial demand, infrastructure spending and copper-price expectations; see current S&P 500 market reports.
More news and analyses on BHP stock will track the project's studies, approvals and future investment decisions.
