Tuesday, March 13, 2012

Utah's Kennecott mines silver, gold for Tiffany & Co.

The prestigious New York-based jeweler is opening its first store in Utah later this month at City Creek Center in downtown Salt Lake City. The majority of the popular precious metals used to make Tiffany rings, bracelets, earrings, and other high-end items are extracted from the Bingham Canyon Mine in western Salt Lake County.

Tiffany purchased about half of all of the silver mined at Bingham last year and around 5 percent of gold mined at the facility, said Vania Grandi, vice president of marketing for Precious Metals Copper Group at Rio Tinto — parent company of Kennecott Utah Copper Corp.

Interestingly, what ends up as beautiful, artistic jewelry starts out as a waste byproduct from copper mining. Deseret News