Mining company South32 has decided to invest $2.16 billion in its Hermosa prospect in the Patagonia Mountains, pouring what it calls the largest private investment in southern Arizona’s history to produce zinc ore by 2027, executives announced on Wednesday.The mine is in the once-abandoned mining district of Harshaw, where previous companies left behind significant deposits of zinc, manganese, lead and silver. Wednesday’s announcement means the Australian company’s board approved mining the zinc-lead-silver deposit, and will continue consideration of mining a large manganese deposit with the potential to provide that mineral for the growing market for electric vehicle batteries.“Today’s investment decision represents a major milestone for our business and aligns with our strategy to reshape our portfolio toward commodities critical to a low-carbon future,” South32 CEO Graham Kerr said in a news release. “Development of the zinc deposit is the first phase of a regional scale opportunity at Hermosa, with ongoing acti …
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