Hermosa Mine in Southern Az revalued at $1.3B less, down 50%, parent firm announces

Shares of Australian mining company South 32 fell Monday after the company said the value of its proposed Hermosa mine in southern Arizona was less than half what it was previously thought. The estimated value of a proposed mine in the Patagonian Mountains south of Tucson is now down by $1.3 billion.Non-cash impairmentA company representative […]

Rio Rico landowner wants rezoning for Hermosa Mine processing plant

A planned new mining facility in the Patagonian Mountains has sparked outrage, appeals and lawsuits from local residents. That frustration has now spilled over into neighboring Rio Rico, where some suspect the recent rezoning plan will lay the groundwork for mining company South 32 to build a processing plant. Landowner Andrew Jackson and Santa Cruz […]

US government adds Hermosa zinc mine to FAST Act

Hermosa zinc mine. Photo by South32 Australian mining company South32 has announced that its Hermosa zinc mine in Arizona has become the first mining project covered by the US’ Fixing America’s Surface Transportation (FAST) Act. The FAST Act is a government project aimed at promoting investment in energy and transportation projects. The Act is overseen […]