Landslide will cause 50 percent production drop at Bingham mine, Kennecott says

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  • Hemlock Salt Lake City, UT
    April 17, 2013 11:25 a.m.

    $0.02 conspiracy theories run rampant. If there is a loss of jobs and tax revenue as predicted, Utah can document the importance of mining to our economy.

  • My2Cents Taylorsville, UT
    April 17, 2013 5:26 a.m.

    Losing money makes for a good lead in to magnificent profits for the coming year and maybe even a billion dollar tax refunds for imaginary losses. The land slide to me looks like a whopper profit savings event that will save them billions in mining expansions in natural event of land slide. Apparently they mind was close to needing a lot of blasting to move overburden to get to the metal seam. Not only did the slide loosens up 165 million tons it will save them millions in dynamite and clearing bedrock debris and leave it where it is.

    I see this as a plus, plus money saving event that in the long run multiply profits in relocation costs for this overburden. Roads around the rim will not be very costly, they have all their own equipment to plow around closer to the copper and gold.

    Utah governemnt is talking scared just to raise taxes for the delayed profit of copper production.