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.
-
What’s the outlook for the shipping industry in 2025?
All we know for certain about the year ahead is that it will be volatile. But the container shipping sector thrives on choppy waters
By Rupert Hargreaves Published
-
RICS: Resilience of housing market could be tested if mortgage rates climb
The latest survey by the Royal Institution of Chartered Surveyors reveals the UK property market ended 2024 on a firm footing, but warns that a rise in mortgage rates could put a dampener on things
By Ruth Emery Published