🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

UPDATE 1-U.S. judge denies Native American bid to block land swap for Rio Tinto copper mine

Published 15/01/2021, 02:57 pm
© Reuters.
RIO
-
APA
-
RIO
-
HG
-

(Adds background, tribal statement, Rio Tinto context)

Jan 14 (Reuters) - A U.S. judge on Thursday denied a request by Native Americans to block the Trump administration from publishing an environmental study that would trigger a land swap needed by Rio Tinto Ltd RIO.AX RIO.L to build a copper mine in Arizona.

The ruling is a blow to the San Carlos Apache (NASDAQ:APA) tribe and others who have long opposed Rio's Resolution copper project, which would be built on land considered sacred.

Rio, which is still studying the project and not expected to make a final investment decision for several years, pledged last year to improve its dealings with First Nations people, after it legally destroyed rock shelters sacred to an Aboriginal group in Western Australia. District Judge Steven Logan declined to issue a restraining order that would have prevented the government from publishing the environmental study as planned on Friday, a step that would start a 60-day countdown to transfer the land to Rio Tinto. attorneys are required, under legal statute, to discuss the restraining order request with the government, but government attorneys did not return the tribe's phone calls, the filing documents show. Because the two sides did not talk, Logan said he would not approve the restraining order.

The judge added that even if the study is published, it does not necessarily mean the land swap will go through, although the U.S. Congress had mandated just that in 2014. The judge has set a series of hearings on the matter over the next two weeks. for tribal members say they are looking forward to the hearings and hope the judge will invalidate the environmental study, if it is published, or rule the 2014 act by Congress unconstitutional.

As an added defense, tribal members on Thursday filed a property lien on the land, effectively saying the government does not own the land and thus cannot give it away. U.S. Forest Service, which manages the land, was not immediately available to comment. Rio declined to comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.