Rio Tinto Mine Landslide – US Just Lost 17% of Copper, 10% of Silver Production
April 24, 2013 Leave a Comment
A billion ton landslide at Utah’s Rio Tinto mine has shut down mining. Rio Tinto is the world’s biggest copper mine and produces 17% of US copper. Tam points out that ammo, already hard to get, will just get that much harder to find and more expensive.
Along with copper, Rio Tinto digs up lots of other metals. They’re responsible for 10% of US silver production and half a million ounces of gold every year. Eventually, that should effect silver prices, even if a little, but the landslide happened at the same time silver collapsed from 28 dollars to 23.
The photos of the mine and the landslide are amazing for the sheer scale of the mine and the amazing color of the earth.