Pinos Altos Exploration Withdraws Mining Plans; Kennecott Exploration Registers New Claims in Gila National Forest
Pinos Altos Exploration/Ivanhoe Electric has withdrawn their mining operations plan for 642 claims in Gila National Forest, citing low prospectivity. In contrast, Kennecott Exploration, a Rio Tinto subsidiary, has registered 250 new claims in the area. Local environmental groups and residents expressed cautious relief over Ivanhoe's withdrawal but remain vigilant about future proposals. The claims by Kennecott cover approximately 5,000 acres and are currently under Bureau of Land Management review.
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Pinos Altos Exploration/Ivanhoe Electric has withdrawn its plan to explore 642 mining claims in Gila National Forest, covering 13,264 acres, due to marginal prospectivity for a high-quality copper system. In contrast, Kennecott Exploration, a Rio Tinto subsidiary, has registered 250 new claims encompassing around 5,000 acres in the forest.
The withdrawal follows public opposition, while local groups remain cautious about potential future proposals from Ivanhoe. The Kennecott claims are under review by the Bureau of Land Management, and new claims in the area continue to be reported, reflecting ongoing interest in mining opportunities despite Ivanhoe's withdrawal.
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