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    copper investing

    Rio Tinto Declares Force Majeure at Kennecott

    Investing News Network
    Apr. 17, 2013 07:44AM PST
    Base Metals Investing

    Mining Weekly reported that Rio Tinto has declared force majeure at its Kennecott mine, following a landslide that caused more damage to equipment than originally thought.

    Mining Weekly reported that Rio Tinto has declared force majeure at its Kennecott mine, following a landslide that caused more damage to equipment than originally thought.

    As quoted in the market report:

    Because of the slide and immediate impacts, Kennecott is invoking ‘force majeure’ in accordance with terms in the agreements with companies that we supply copper cathodes and sulphuric acid,” Bennett said.

    To view the whole Mining Weekly report, click here. 

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