AZ copper mine losing 400 jobs - WFXG FOX 54 - News Now

AZ copper mine losing 400 jobs

© CBS 5 © CBS 5
SUPERIOR, AZ (CBS5) -

Resolution Copper Mining LLC announced on Friday that they're cutting approximately 400 jobs - about 75 percent of their overall workforce.

Company spokesman Bruce Richardson said they're reducing their budget from $200 million in 2012 to about $50 million next year.

Richardson said the company will suspend all shaft development and drilling activities after current work assignments are done in the first quarter of 2013.

Since 2005, the company has tried to get legislation passed to allow them to exchange 2,400 acres of forest service land, that they believe is where the largest undeveloped copper resources in the world rests, for more than 5,300 acres of conservation lands held by the company.

"The Resolution Copper land exchange is a top priority for the State of Arizona," said Sen. John McCain. "Its passage requires the cooperation of the entire Arizona Congressional Delegation, and I call on my colleagues to join Sen. Kyl, Congressman Gosar and myself in advocating for this legislation which is so important for job creation in our state."

Congresswoman-elect Ann Kirkpatrick released the following statement on the job cuts.

"Today's announcement from Resolution Copper will have a ripple effect across Arizona's Copper Corridor. I've worked hard on past efforts to bring jobs to this region, and I understand that these cuts could devastate small communities like Superior, Globe, Miami, Kearny, Hayden and Winkelman. When a small community loses jobs, the hardship hits families, school districts, small businesses - just about everyone.

"My staff and I are reaching out to civic and business leaders to assess this situation and determine next steps. I stand firmly with Arizona's rural communities and small towns, which need good-paying jobs so families are empowered to stay there, live there and send their kids to good schools. My top priority is to bring jobs to our district so regions like the Copper Corridor can build a strong foundation for the future."

Copyright 2012 CBS 5 (Meredith Corporation). All rights reserved.

  • NEWSMore>>

  • 'Obamacare' repeal reeling after Senate defeat

    'Obamacare' repeal reeling after Senate defeat

    Friday, July 28 2017 3:39 AM EDT2017-07-28 07:39:34 GMT
    Friday, July 28 2017 8:59 AM EDT2017-07-28 12:59:56 GMT

    The Senate has rejected a measure to repeal parts of former President Barack Obama's health care law.

    More >>

    The Senate has rejected a measure to repeal parts of former President Barack Obama's health care law.

    More >>
  • Pentagon, border wall covered in $788B House spending bill

    Pentagon, border wall covered in $788B House spending bill

    Thursday, July 27 2017 12:48 PM EDT2017-07-27 16:48:59 GMT
    Friday, July 28 2017 8:52 AM EDT2017-07-28 12:52:03 GMT
    The House passed a $788 billion spending bill Thursday that combines a $1.6 billion down payment for President Donald Trump's controversial border wall with Mexico with a whopping budget increase for the Pentagon. (Source: CNN)The House passed a $788 billion spending bill Thursday that combines a $1.6 billion down payment for President Donald Trump's controversial border wall with Mexico with a whopping budget increase for the Pentagon. (Source: CNN)

    The GOP-controlled House is plowing ahead on legislation to give the Pentagon a massive spending boost and deliver a $1.6 billion down payment for President Donald Trump's oft-promised wall along the U.S.-Mexico...

    More >>

    The GOP-controlled House is plowing ahead on legislation to give the Pentagon a massive spending boost and deliver a $1.6 billion down payment for President Donald Trump's oft-promised wall along the U.S.-Mexico border.

    More >>
  • AP EXCLUSIVE: Sessions not leaving unless pushed

    AP EXCLUSIVE: Sessions not leaving unless pushed

    Thursday, July 27 2017 11:28 AM EDT2017-07-27 15:28:47 GMT
    Friday, July 28 2017 8:59 AM EDT2017-07-28 12:59:48 GMT
    Attorney General Jeff Sessions said Thursday he will stay in the job for as long as President Donald Trump wants him to serve. (Source: CNN)Attorney General Jeff Sessions said Thursday he will stay in the job for as long as President Donald Trump wants him to serve. (Source: CNN)

    Members of the Senate Judiciary Committee are working on legislation that could attempt to insulate Special Counsel Robert Mueller from being fired.

    More >>

    Members of the Senate Judiciary Committee are working on legislation that could attempt to insulate Special Counsel Robert Mueller from being fired.

    More >>
Powered by Frankly