American miner Capstone Mining has announced its Pinto Valley copper mine in the U.S. received its final approvals from the U.S. Forest Service for a new mine plan of operations.
“The Plan, approved by the Tonto National Forest (TNF), extends Pinto Valley’s life of mine to the year 2039. The mine life extension is expected to produce 2.5 billion pounds of copper and will preserve approximately 700 jobs in Arizona’s Gila County, contributing to the area’s economic activities over the next two decades,” the company said in a statement.
Darren Pylot, the president and chief executive of Capstone Mining, said commented the company “recently completed a $31 million op-timization project which has increased productivity, decreased costs, and built a more resilient operation.”
Capstone Mining says it is a base metals producer with two copper mines in its portfolio: Pinto Valley and Mexico’s Cozamin.