Stantec awarded US$16 million feasibility study for Resolution Copper
September 20 2022 - 6:45AM
TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering,
has been selected by Resolution Copper Mining LLC (Resolution
Copper) to deliver a US$16 million feasibility study providing
engineering and technical services for the Resolution Copper mine
in Superior, Arizona. The proposed underground mine has the
potential to be one of the largest producers of copper in North
America—supplying up to 25% of US copper demand each year. Copper
from the mine will be used in products that are vital to the energy
transition, such as electric vehicles, batteries, solar panels,
wind turbines, and more.
Resolution Copper is a limited liability company that is owned
by Rio Tinto (55%) and BHP (45%). Stantec has been a lead
underground mining and infrastructure consultant on the project
since early 2019. Stantec will assist Resolution Copper by
providing engineering and execution planning services for the
mine.
“Resolution Copper is mining a critical resource needed for the
energy transition,” says Mario Finis, executive vice president for
Stantec’s Energy & Resources business. “We are proud to support
our client in this important endeavor with a strong commitment to
sustainable mining throughout the entire life cycle of the
project.”
Stantec’s engineering services on this project include power
distribution, material handling, shafts and hoisting systems,
dewatering/pumping, communications, and more. Additionally, Stantec
is evaluating the use of battery electric vehicles to help the mine
meet its goal of zero carbon emissions.
Stantec’s Mining, Minerals, and Metals team is helping clients
achieve net zero mining—through its holistic service offering,
Sustainable Mining by Design™, which aids companies to meet their
environmental, social, and governance obligations by finding ways
to reduce energy demand and utilize clean sources of energy. The
mining industry must be the starting point for any discussion about
our energy future. To learn more about Stantec’s Mining, Minerals,
and Metals team, click here.
About Stantec
Communities are fundamental. Whether around the corner or across
the globe, they provide a foundation, a sense of place and of
belonging. That’s why at Stantec, we always design with
community in mind.
We care about the communities we serve—because they’re our
communities too. This allows us to assess what’s needed and connect
our expertise, to appreciate nuances and envision what’s never been
considered, to bring together diverse perspectives so we can
collaborate toward a shared success.
We’re designers, engineers, scientists, and project managers,
innovating together at the intersection of community, creativity,
and client relationships. Balancing these priorities results in
projects that advance the quality of life in communities across the
globe.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking
StatementsThis news release contains forward-looking
statements regarding the project described above. Forward-looking
statements also include any other statements that do not refer to
historical facts. By their nature, forward-looking statements are
based on assumptions and subject to inherent risks and
uncertainties. There is a risk that the project described above may
be delayed, cancelled, suspended or terminated. This could cause
future results to differ materially from the forward-looking
statements made in this news release. Except as may be required by
law, Stantec undertakes no obligation to publicly update or revise
any forward-looking statements. Forward looking statements are
provided herein for the purpose of giving information about the
project referred to above and its expected impact. Readers are
cautioned that such information may not be appropriate for other
purposes.
Media Contact |
Investor Contact |
Ashley Warnock |
Jess Nieukerk |
Stantec Media Relations |
Stantec Investor Relations |
Ph: (403) 472-0122 |
Ph: (587) 579-2086 |
ashley.warnock@stantec.com |
jess.nieukerk@stantec.com
|
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