Word: kennecott
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Dates: during 2000-2009
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...Kennecott Utah Copper, the mine's operator since 1903 and owner of some 40,000 developable acres in the western valley, has passed its golden age, when the pit was bottomless and facilities could pump and dump waste with abandon. Times have changed. A pound of copper sells for about half what it did five years ago, and cleaning up the environment absorbs many of the resulting pennies. So K.U.C. was pleased to stumble onto an asset that doesn't appear on the balance sheet of its corporate parent, Anglo-Australian mining behemoth Rio Tinto: its own backyard. There...