Rio Tinto cuts 2020 copper targets on Kennecott delay
Mining - Rio Tinto has cut its refined copper production target for fiscal 2020 due to delays in restarting a smelter at its Kennecott mine in Utah.
The world’s second-largest miner expects the facility to be running again in two months. That would mean about 30,000 tonnes of lost production.
Rio now expects full-year refined copper production for the group to be between 135,000 and 175,000 tonnes, down from a previous range of 165,000-205,000 tonnes.