Under the bill, Resolution Copper Mining LLC, a subsidiary of Rio Tinto and BHP-Billiton, would give up 1,194 acres of land in southeast Arizona to the U.S. Forest Service. Resolution would also give 4,150 acres of land to the Bureau of Land Management.
In return, Resolution would receive 2,422 acres in the middle of what is now the Oak Flat Campground. No mining is currently allowed on that site, but according to report language accompanying the bill, Resolution found a "very large copper deposit" in the late 1990s about a mile under the surface of the site.
Under the bill, Resolution would give up more than twice as much land as it receives from the federal government. However, the bill would also require the company to give up more land if it is determined that the land it receives is worth more than the land it gives up.
The bill is sponsored by five Arizona Republicans: Paul GosarPaul GosarDems launch early '18 attacks on GOP Senate targets Oversight panel demands answers on Pentagon waste report Arizonans agree: No new national monument MORE, Trent FranksTrent FranksDissenting nominees give hope to GOP skeptics of Trump Sexism in the USA: How will women fare under Trump? GOP lawmaker: Obama's Russian sanctions meant to 'delegitimize' Trump's election MORE, Ben Quayle, Jeff FlakeJeff Flake9 GOP senators Trump must watch out for The road ahead for America’s highways Graham, Durbin reintroduce bill to protect 'Dreamers' MORE and David SchweikertDavid SchweikertDems launch early '18 attacks on GOP Senate targets Republicans add 13 members to Financial Services, Ways and Means committees The Hill's 12:30 Report MORE.