Landslide shuts Rio US copper mine From: AAP April 12, 2013 6:15PM
Rio Tinto suspended operations at its Bingham Canyon copper mine in the US following a landslide. Source: AAP
RIO Tinto has shut one of the world's largest copper mines in the US following a massive landslide.
The slide at the Bingham Canyon Mine pit wall on Thursday had been anticipated amid warning signs of ground movement since February and all workers had been evacuated unhurt by the previous day.
Analysts say the Utah mine is expected to represent about six per cent of Rio's expected profit this year.
Its suspension could hit its bottom line.
The company's first quarter production report is due next week.
The mine represents 17 per cent of the US's copper, producing 163,000 tonnes last year along with gold and molybdenum.
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