Beginning this fall, the company will start digging the first in a series of pits, each the size of a football stadium, in Utah, about 265km (165 miles) from Salt Lake City.
Today may be the end of this trend of divergence. US equities are at a precipice: fueled by low rates and quantitative easing for years, they have finally started to tumble from record highs.
Metals from copper to aluminum fell again Friday, and were heading for their worst week of the year, after data showed Chinese factory activity shrinking at the fastest pace since 2009.
No matter what the application, using poorly manufactured parts can greatly reduce the life of the part. Lost production and downtime are the immediate results of having to change out worn parts, but if worn parts are not replaced when they should be, businesses run the risk of crippling their equipment with much more expensive damage, putting themselves at risk of falling into a self-destructive cycle of downtime and ensuing lost production.