Rio Tinto | Kennecott corporate giving program suspended
On April 10, 2013, a significant slide (165 million tons) of the northeast wall occurred at Rio Tinto Kennecottâ€™s Bingham Canyon Mine. Operations at the Mine were temporarily suspended and remain at reduced levels. Early estimates are 2013 production of mined and refined copper will be roughly 50 percent lower than planned.
This slide has had a significant impact on our business. We are taking initial steps to ensure we are financially sustainable moving forward by reducing costs across our business, which includes reductions in our workforce. We are also suspending our corporate giving program until we are able to recover from the slide.
We understand that this decision may create additional challenges for your organization and your mission to those whom you serve. The community has collectively shared in our success and in our struggles for decades, and we appreciate your support and understanding as we write the next chapter in our history.