Gunnison and Nuton Secure $13.9 Million Tax Credit to Boost US Copper Production

Gunnison Copper

Expanding American Copper Production at Gunnison’s Johnson Camp Mine

Significant Investment in Clean Energy and Mining Technology

Gunnison Copper and Nuton, a Rio Tinto venture, have secured a substantial $13.9 million tax credit from the US Department of Energy. This funding aims to enhance domestic copper production at the Johnson Camp mine in Arizona. With this investment, the site is set to ramp up its output significantly, utilizing cutting-edge sulphide leaching technology developed by Nuton to boost copper recovery efficiency.

Anticipated Impact and Production Timelines

Upon completion, the Johnson Camp mine expects to produce 11,340 tonnes of finished copper cathode annually. The first batch of copper is slated for production by mid-2025, aligning with growing demands for clean and sustainable resources. This initiative is part of a broader strategy to strengthen the U.S. position in the global metals market.

Future Prospects Amid Political Shifts

The mine’s expansion is part of a broader $10 billion initiative under the 2022 Inflation Reduction Act, designed to foster clean energy manufacturing and critical material projects. However, the recent inauguration of Donald Trump introduces potential uncertainties regarding the continuation of DOE funding for these initiatives, given his administration's energy priorities.