Rio Tinto cuts copper production forecast
Apr 16, 2013 | 12:24 PM
| Shivani Singh
SINGAPORE Global miner Rio Tinto Plc has cut its 2013 copper production forecast in the wake of a wall slide at the companys Kennecott Utah Copper operation.
"Based on an early assessment of information currently available, it is estimated that 2013 mined and refined copper production at Kennecott Utah Copper will be less than previously anticipated," chief executive officer Sam Walsh said April 16.
Rio Tinto now expects to produce about 540,000 tonnes of mined copper this year, down from Februarys forecast of 665,000 tonnes, and 205,000 tonnes of refined copper, down from the 305,000 tonnes it forecast in February. ....
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