Deals Counterparts

South32's Hermosa project moves closer to US federal approval

Development Mining announced US Mar 9, 2026

South32's Hermosa project in Arizona has moved closer to securing federal approval after the US Forest Service released the project’s final environmental impact statement (EIS) and a draft record of decision (RoD). The draft RoD indicates the agency's intent to authorize the project's expansion onto National Forest Service land, following years of environmental review and public consultation.

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Deal Analysis

South32's Hermosa mining project in Arizona just cleared a major regulatory hurdle, with the US Forest Service releasing its final environmental impact statement and a draft record of decision. This draft RoD signals the agency's intent to authorize the project's expansion onto National Forest Service land. Following years of environmental review and public consultation, this announcement on March 9, 2026, brings the developer significantly closer to full federal approval for the development.
  • US Forest Service issued final EIS and draft RoD.
  • Project involves expansion onto National Forest Service land.
  • South32 is the developer of the mining project.
  • Announcement date: 2026-03-09.

Timeline

Announced
Mar 9, 2026
Signed
Closed

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