Photo by: Rio Tinto
Name of the Project
Kennecott copper mine expansion.
Location
Near Salt Lake City, Utah, in the US.
Project Owner/s
Rio Tinto.
Project Description
Rio Tinto aims to strengthen its supply of copper in the US by increasing production from underground mining and improving the health of key assets in an area known as the North Rim Skarn (NRS).
The NRS has indicated mineral resources of 10.8-million tonnes at 2.93 % copper, 1.20 g/t gold, 65.97 g/t silver and 0.008% molybdenum. Inferred mineral resources of 7.7-million tonnes are estimated at 3.13 % copper, 0.96 g/t gold, 18.41 g/t silver, and 0.005 % molybdenum identified, based on additional drilling and an initial probable ore reserve of 3-million tonnes at 2.39 % copper, 1.77 g/t gold, 18.59 g/t silver and 0.010 % molybdenum.
The project is expected to deliver about 250 000 t of additional mined copper over the next ten years alongside opencut operations.
Rio Tinto has indicated that as the above production target is in part underpinned by inferred resources, there is a low level of geological confidence associated with inferred mineral resources and there is no certainty that further exploration work will result in the determination of indicated mineral resources or that the production target itself will be realised.
Studies to inform decisions on the next phases of expanding underground production continue in parallel with work that is being advanced to extend openpit mining at Kennecott beyond 2032.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
$498-million.
Planned Start/End Date
Production from the NRS will start in 2024 and is expected to ramp up over two years.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Rio Tinto (Kennecott), tel + 801 204 2000 or email media.enquiries@riotinto.com.