Rio Tinto To Invest In Extending Life Of Bingham Canyon Mine

Rio Tinto is to invest US$660 million over the next seven years to extend the life of its Kennecott Utah Copper Bingham Canyon mine in Salt Lake City from 2018 to 2029.

The investment includes the construction of mine infrastructure and new equipment to support pushing back the south wall of the mine. First ore from the south wall push back, which will be processed through existing mill facilities, is expected in 2017. The investment will enable production at an average of 180 thousand tonnes of copper, 185 thousand ounces of gold and 13.8 thousand tonnes of molybdenum a year from 2019 through 2029.

Rio Tinto Copper chief executive Andrew Harding said "This investment highlights the additional value we can create by the efficient investment of capital at existing tier one assets. It will secure low cost copper, gold and molybdenum production for the next two decades. We continue to evaluate underground options that will further extend the life of Bingham Canyon, which has already been in operation for more than 100 years."

Work continues on evaluating projects to expand the tailings impoundment and upgrade the power plant, and obtaining permits for these projects.

About Rio Tinto

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.

For further information, please contact:

Media Relations, EMEA / Americas Illtud Harri
Office: +44 (0) 20 7781 1152
Mobile: +44 (0) 7920 503 600
Christina Mills
Office:  +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605

Investor Relations, LondonMark Shannon
Office:  +44 (0) 20 7781 1178
Mobile: +44 (0) 7917 576597
David Ovington
Office:  +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978

Media Relations, Australia / AsiaDavid Luff
Office:  +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 205
Karen Halbert
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 412 119 389
Bruce Tobin
Office: +61 (0) 3 9283 3612
Mobile: +61 (0) 419 103 454

Investor Relations, AustraliaDave Skinner
Office:  +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
Christopher Maitland
Office: +61 (0) 3 9283 3063
Mobile: +61 (0) 459 800 131

Media Relations, CanadaBryan Tucker
Office: +1 (0) 514 848 8151
Mobile: +1 (0) 514 825 8319

Investor Relations, North AmericaJason Combes
Office:  +1 (0) 801 204 2919
Mobile: +1 (0) 801 558 2645


Email: [email protected] [email protected]

Twitter: Follow @riotinto on Twitter

High resolution photographs and media pack available at:

Rio Tinto to invest in extending life of Bingham Canyon mine [PDF: 29 KB]

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.