Kennecott Utah Copper Corporation · Bingham Canyon, UT United States
Company Description
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This link will open in a new window Kennecott Utah Copper, a subsidiary of mining giant Rio Tinto , operates Bingham Canyon, one of the world's biggest open pit mines. Annual production at Bingham Canyon is nearly 300,000 tons of copper, nearly 500,000 ounces of gold, 4 million ounces of silver, and 30 million pounds of molybdenum. In operation since 1903, Bingham Canyon has produced about 18 million tons of copper -- more than any other mine in history. It has plenty of ore left, and Kennecott expects to continue open pit mining until 2018, followed by years of underground mining. The company has its own smelter and refinery; Kennecott also produces sulfuric acid as a by-product of the smelting process. To read the full description, subscribe now.
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Key Kennecott Utah Copper Corporation Financials
| Company Type | Subsidiary Branch |
| Fiscal Year-End | December |
Kennecott Utah Copper Corporation Executives
8 executives listed for Kennecott Utah Copper Corporation's Bingham Canyon, UT location.
| Title | Name & Bio | Contact |
| President and CEO | Andrew Harding | Network |
| COO | Kelly Sanders | Network |
| CFO | Patrick Keenan | Network |
Competition
Competitive Landscape for Kennecott Utah Copper Corporation
Demand comes largely from the manufacturers of durable goods like motor vehicles, machinery, containers, and construction steel. The profitability of individual companies depends largely on efficient operations, because most products are commodities sold based on price. Big companies have large economies of scale in production. Accordingly, most producers of secondary products buy raw metal from the large producers. Small companies can compete by operating efficient local mini-mills or producing specialty products. The industry is capital-intensive: average annual revenue per worker is close to $300,000. To read the full description, subscribe now.Top Kennecott Utah Copper Corporation Competitors
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