Rio Tinto Gets First Copper From Giant Mine Since 2014
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Rio Tinto Group has booked copper output from the giant Grasberg mine joint venture for the first time since 2014 -- just as the company weighs plans to exit the operation in Indonesia.
London-based Rio expects to receive 5,700 metric tons from the mine for 2017, according to its quarterly production report published Tuesday. The output is the producer’s first return from the operation, which has suffered supply disruptions, since getting 7,700 tons in 2014, filings show. Rio’s total mined copper output declined 9 percent in 2017 to 478,100 tons.