Rio Tinto Uranium Mine Production Drops

Bloomberg reported Rio Tinto’s (ASX:RIO) Rossing uranium mine declined in output 41 percent compared to last year.

As quoted in the market news:

Low grades, low crushing-plant availability, a planned two- week maintenance shutdown and industrial action during the second half of the year also curbed output, the company said in a statement handed to reporters today in Windhoek, Namibia’s capital. The output target was 3,100 tons for the year, External Affairs Manager Jerome Mutumba said Nov. 28.

Click here to read the full Bloomberg report.