Rio Tinto Rolls Back UP Workforce
Posted at: 04/04/2013 10:23 AM
| Updated at: 04/04/2013 10:24 AM
HUMBOLDT, Mich. (AP) - Mining company Rio Tinto has reduced its overall contractor employment by 20 percent in Michigan's Upper Peninsula as it scales back its mine production and processing schedule.
The Mining Journal of Marquette reports that Rio Tinto officials in February announced the company would shift first production of nickel and copper at its Eagle Mine and processing at the Humboldt Mill to the latter half of 2014. The decision was in response what they called "economic headwinds" and volatility in commodities markets.
The company says the slowdown affects operations across the mining industry and it plans to finish current construction work, but reschedule new construction.
Rio Tinto officials say construction at Eagle Mine in Michigamme Township is about 80 percent finished, with the overall project about half done.
Information from: The Mining Journal
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