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
-
Which UK region has the most in savings? Average savings by areaThe amount people have in their savings differs from region to region in the UK. How does your nest egg compare to those living nearby?
-
Doug and Mary Perkins: Specsavers’ clear-sighted foundersHelped by the deregulation of the sector in the 1980s and brilliant advertising, Mary Perkins and her husband Doug have taken Specsavers to the top of the optometry market
