Kennecott moly likely to avoid force majeure

May 24, 2013 | 01:52 PM | Daniel Fitzgerald

Tags  Kennecott Utah Copper, Bingham Canyon, Rio Tinto, force majeure, molybdenum, molybdic oxide, ferromolybdenum, Daniel Fitzgerald

NEW YORK — Kennecott Utah Copper is not likely to declare force majeure for molybdenum, having managed to cover its contract commitments through ongoing mine production and purchased concentrates.

The division of London-based Rio Tinto Plc declared force majeure for its copper operations last month after an April 10 wall slide forced the company to suspend mining at Bingham Canyon, but its molybdenum operations have fared better (, April 17).....

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