Rio Tinto Cuts Copper Output Guidance on Kennecott Setback
19 August 2020 - 8:56AM
Dow Jones News
By David Winning
SYDNEY--Rio Tinto PLC downgraded its guidance for annual
production of refined copper following setbacks at its Kennecott
mine in Utah.
Rio Tinto said it now expects to produce between 135,000 and
175,000 metric tons of copper in the 12 months through December,
down from an earlier forecast of 165,000-205,000 tons.
Rio Tinto said it has experienced delays to the restart of the
smelter at the Kennecott operation, citing "unexpected issues that
appeared following planned maintenance."
"We are working closely with our customers to limit any
disruptions and expect to have the smelter fully operational in two
months," Rio Tinto said.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
August 18, 2020 18:41 ET (22:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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