Landslide Caused More Damage at Rio’s Bingham Canyon than Originally Thought

Bloomberg reported that Rio Tinto has announced that damage from the recent landslide at their Bingham Canyon mine was more widespread than originally thought.

As quoted in the market report:

The size of the slide was significant,” the company said in an emailed statement. “We don’t have information yet regarding the magnitude or impact. We do know that the flow into the pit extended beyond the scenarios we forecasted, having a greater impact on equipment.

To view the whole Reuters report, click here.