Kennecott Utah Copper declares force majeure

Apr 16, 2013 | 01:52 PM |

Tags  Kennecott Utah Copper, force majeure, copper cathode, Bingham Canyon, Rio Tinto, Barbara O'Donovan, Suzy Waite

NEW YORK — Kennecott Utah Copper has declared force majeure after a wall slide forced the company to suspend mining at its Bingham Canyon operation.

The division of Rio Tinto Plc expects April shipments of copper cathode to continue as planned, but May shipments from inventory at its refinery will be at a reduced level. "Thereafter, we do not anticipate the ability to make further shipments for the foreseeable future," the company said in an April 15 letter to customers.

"We will continue our force majeure status until we are able to perform our obligations," the company added.....

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