Rio Tinto cuts copper production forecast

Apr 16, 2013 | 12:24 PM | Shivani Singh

Tags  copper, Rio Tinto, Sam Walsh, gold, Kennecott Utah Copper, Bingham Canyon, Palabora, Oyu Tolgoi Shivani Singh

SINGAPORE — Global miner Rio Tinto Plc has cut its 2013 copper production forecast in the wake of a wall slide at the company’s 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 February’s 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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