Rio Tinto delays first copper exports from Oyu Tolgoi Mine

Jun 13, 2013 | 01:14 PM | Shivani Singh

Tags  Oyu Tolgoi, copper, gold, Mongolia, Rio Tinto, Turquoise Hill, Norovyn Altankhuyag, Shivani Singh

SINGAPORE — Rio Tinto Plc has delayed the first copper exports from its $6.6-billion Oyu Tolgoi project in Mongolia until the end of June as it awaits final government approvals, a source at Oyu Tolgoi told AMM sister publication Metal Bulletin.

"We have received almost all government authorizations," he said, but some technical details need to be sorted out before Oyu Tolgoi can start exporting.

An Oyu Tolgoi source earlier this week said the first shipment might take place June 14, subject to government approval (amm.com, June 11), and the company reportedly had arranged an event for local media and traders that Mongolian prime minister Norovyn Altankhuyag was expected to attend. ....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results