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Santa Cruz Copper Project Tunnel Boring Machine Acquisition

Sector: Metal • Location: Casa Grande, Arizona, United States

Source: Stock Titan

Project
Planned

Ivanhoe Electric plans to acquire a Robbins Crossover XRE tunnel boring machine and material handling system for the Santa Cruz Copper Project in Arizona. The TBM will be used for decline development, replacing earlier roadheader and Railveyor plans, with a projected net impact on initial project capital of less than $20 million. The project includes excavation of a four-kilometer decline, with bo

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The project “Santa Cruz Copper Project Tunnel Boring Machine Acquisition” is an infrastructure initiative in the Metal sector, located in Casa Grande, Arizona, United States. Taiyo aggregates data on it from Stock Titan.

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Description

Description

Ivanhoe Electric plans to acquire a Robbins Crossover XRE tunnel boring machine and material handling system for the Santa Cruz Copper Project in Arizona. The TBM will be used for decline development, replacing earlier roadheader and Railveyor plans, with a projected net impact on initial project capital of less than $20 million. The project includes excavation of a four-kilometer decline, with box cut excavation starting in Q3 2026, TBM arrival and assembly in Q1 2027, decline development starting Q3 2027, underground mine development from Q3 2028, and first copper cathode production anticipated in Q2 2029.

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Source reliability

High

Data quality score

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