Florence Copper Project

Economic Benefits

Florence Copper Project: Supplement 2013


Economic and Fiscal Benefits of the Florence Copper Project:
Supplement to the 2012 Report based on a New Assessment of Copper Recovery
(Download PDF)

In 2012, an economic benefit study was completed by Arizona State University's prestigious L. William Seidman Research Institute showing significant socio-economic benefits for Arizona, Pinal County, and the Town of Florence. An update to chapter 5 of the original study was completed in 2013 and is based on the project's Pre-Feasibility Study filed with SEDAR on March 28, 2013.

The updated socio-economic data prepared by the L. William Seidman Research Institute at Arizona State University shows:

Improved Revenues

Over the 30 year life of the project, Florence Copper represents:

  • $3.3 billion in economic activity for the state of Arizona
  • $2.1 billion in economic activity for Pinal County
  • $468 million in taxes and royalties for Arizona government
  • $1.98 billion in personal income in Arizona

Jobs

Over the 30 year life of the project, Florence Copper will create and support an annual average of:

  • 796 jobs in the state of Arizona
  • 480 jobs in Pinal County
  • 170 direct jobs at the project site in Florence

For a copy of the 2013 Florence Copper Project Supplement by the L. William Seidman Research Institute at Arizona State University, click here.

For a full copy of the original 2012 Florence Copper Project: Economic Impact Study by the L. William Seidman Research Institute at Arizona State University, click here.

To learn more about the L. William Seidman Research Institute at the W.P. Carey School of Business at Arizona State University (ASU), and the prestigious authors of this report, click here.

* 2013 Projections are based on a conservative copper price $2.75/lb

ASU's prestigious L. William Seidman Research Institute was commissioned by Florence Copper to provide an updated forecast of economic benefits for the project. utilized an Arizona-specific 2013 version of REMI, a highly sophisticated and well-respected regional input-output forecasting model, to produce numeric estimates of the benefits on the Arizona economy of economic activity such as Florence Copper in Arizona. The report utilizes data from the U.S. Bureau of Labor Statistics, the U.S. Department of Commerce, the state of Arizona, Pinal County and other official sources to compile the study.  

Florence Copper Project