PROFILE |
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Kennecott Utah Copper, a subsidiary of mining giant Rio Tinto, operates Bingham Canyon, one of the world's biggest open pit copper mines. Located near Salt Lake City, the mine also produces gold, silver, and molybdenum. In operation since 1904, Bingham Canyon is estimated to have enough reserves to continue production for more than 10 years. The company has its own smelter and refinery and sells its copper to copper fabricators. Before retiring from the company, then-CEO G. Frank Joklik resigned as head of the Salt Lake Organizing Committee for the 2002 Winter Games after members were accused of bribing the International Olympic Committee. The EPA has also listed the company as the biggest polluter in the US.
COMPETITION |
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Corporacion Nacional del Cobre de Chile (dossier)
Nueva Grupo México, S.A. (GMXBF)
Phelps Dodge Corporation (PD)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 804.00
1-Yr. Sales Growth: 11.7%
Employees: 2,311
Revenue per employee: $347,901.34
KEY PEOPLE |
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Bruce D. Farmer
CEO
CONTACT INFO |
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8362 W. 10200 South
Bingham Canyon, UT 84006
US
Phone: 801-252-3000
Fax: 801-252-3135
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