Court upholds Arizona land swap deal for Rio Tinto copper mine (NYSE:RIO)
ScottOrr/E+ via Getty Images The Ninth U.S. Circuit Court of Appeals issued a decision late on Friday that essentially upholds a 2014 decision made...
ScottOrr/E+ via Getty Images The Ninth U.S. Circuit Court of Appeals issued a decision late on Friday that essentially upholds a 2014 decision made by the Obama administration to give thousands of acres in Arizona to Rio Tinto (NYSE:RIO) for its Resolution Copper project. The ruling upheld a lower court's ruling and rejected a request from Native Americans who said the land has religious and cultural importance. The Arizona dispute centers on the federally owned Oak Flat Campground, which some Apache consider home to deities and which sits atop a reserve of more than 40B pounds of copper.