Copper mines like Rio Tinto’s Bingham Canyon mine on the borders of Salt Lake City are on the frontline of America’s shift to tidy energy.
Global need for copper, a significant element of electrical automobiles, is anticipated to grow from 25 million metric loads to almost 49 million metric loads by 2035, according to S&P Global.
But miners deal with a plethora of problems as they increase production, consisting of resolving the issues of regional stakeholders, reducing ecological damage and operating in remote areas of the world.
“There’s going to be a real problem with this transition over the next ten years,” stated Tyler Broda, metals and mining expert for RBC CapitalMarkets “It is very, very hard for these companies to even maintain the level of production that they have at the moment.”
Jointly based in Australia and the UK, Rio Tinto is among the world’s biggest mining business with tasks in 35 nations. It has 17 iron ore mines in Western Australia that produce product utilized in steel, along with mines that produce aluminum, diamonds, and boron, a part utilized in smart devices.
So what is Rio Tinto doing to increase production of its vital minerals service? CNBC got a behind the scenes take a look at Rio Tinto’s Utah operation to discover.
Watch the video to get more information.
