Rio Tinto suspends operations at Bingham Canyon Mine
Miner Rio Tinto has suspended operations at its Bingham Canyon Mine after a slide occurred on the north eastern wall of the mine.
Miner Rio Tinto has suspended operations at its Bingham Canyon Mine after a slide occurred on the north eastern wall of the mine.
The slide occurred along a geotechnical fault line of the wall following an acceleration of movement in recent weeks.
"Pre-emptive measures were taken to relocate facilities and roads prior to the slide," the company said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Experts are currently assessing the extend of the slide and its impact on operations. The group added that all employees are safe and accounted for.
The mine is operated by the company's Kennecott Utah Copper business.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Working from home: is it working?
While Labour plans to make working from home the legal default, some employers are calling workers back into the office. What does the future hold?
By Simon Wilson Published
-
International Investment Summit: will the government's growth plans boost investor portfolios?
News The government is looking to attract investment into UK projects. We explain what this could mean for your money
By Marc Shoffman Published