The Kennecott Utah Copper (KUC), wholly owned subsidiary of Rio Tinto, announced a $73 million investment for machinery and equipment to accelerate mining operations at the Bingham Canyon Mine. The investment will enable Kennecott to move more material per day, accelerating near-term copper delivery to help meet global demand and provide potential expansion opportunities for future operations at the Bingham Canyon Mine. The money will be used to purchase additional haul trucks, graders, dozers, electric shovels and drills.
KUC is also looking at other opportunities to further expand the mine in the future. As world demand grows, the additional equipment will be used to accelerate mining activities in those expansion scenarios.
The Bingham Canyon Mine continues to present future growth options. Potential open pit expansions and underground operations could extend the life of the mine to 2036. KUC is currently conducting a pre-feasibility study to evaluate these future growth options.
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