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Article: Rio Tinto Announces a Resource Increase of 628 Million Tonnes at Kennecott Utah Copper.
- Article from:
- Business Wire
- Article date:
- May 16, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON -- Rio Tinto has further strengthened its global copper resources with the upgrade of mineral resources to 637 million tonnes at 0.48 per cent copper at its wholly owned Kennecott Utah Copper Bingham Canyon Mine. The resource is located beneath the current Bingham Canyon pit, and is currently under study for extraction by open pit mining methods. This represents an increase of 628 million tonnes over the December 2007 resource statement.
"We are very pleased with this substantial upgrade in resources. It will add significant value to Kennecott Utah Copper and Rio Tinto, particularly during this period of rapid long term demand growth," said Bret Clayton, ...