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TOP NEWS: Kennecott Smelter Restart Delay Hurts Rio Tinto Guidance

19th Aug 2020 07:50

(Alliance News) - Anglo-Australian miner Rio Tinto PLC on Wednesday said the restart of its Kennecott mine smelter has been delayed by "unexpected issues" emerging after planned maintenance.

The Kennecott copper mine is located in the US state of Utah. Rio Tinto, a FTSE 100 mining group with operations in 36 countries, said it was working with its customers to limit disruptions and expected the smelter to be "fully operational in two months".

However given the delay, 2020 group production guidance for refined copper has been reduced to between 135,000 and 175,000 tonnes from 165,000 to 205,000 tonnes previously.

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.


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