Rio Tinto was approved to invest US$144 million to advance the next phase of development of the Resolution copper project in Arizona, of which Rio Tinto will assume 79 million US dollars, the company said in an announcement. This additional capital is in addition to the $500 million investment announced when the project's land replacement was completed in March of this year. The funds will be used for the feasibility study and final engineering design of the two mine shafts.

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