CASA GRANDE, AZ — A mining exploration company could establish a copper mine at a massive site south of metro Phoenix.
Ivanhoe Electric Inc. (NYSE-AMERICAN: IE) is exploring the potential for an underground mine called the Santa Cruz Copper Project located at an overall 6,000-acre site in the Casa Grande area.
Ivanhoe Electric acquired the site about a year ago for nearly $120 million from an entity connected to Harvard Investments, according to Pinal County documents and real estate database Vizzda.
The land includes 3,600-acre feet of associated water rights, infrastructure, access to rail, highways and electric transmission lines.
