Rio’s Oyu Tolgoi Shipment Deadline Slips Amid Mongolia Feud
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Oyu Tolgoi, the $6.6 billion mine jointly owned by Rio Tinto Group and Mongolia, is awaiting government support before it can start shipments that were due to begin by the end of June.
“All necessary permits have been received and the mine is ready to commence concentrate shipments,” Turquoise Hill Resources Ltd., a Vancouver-based unit of Rio Tinto that holds its Oyu Tolgoi stake, said in a statement June 28. “Shipping will begin as soon as the Mongolian government indicates its support for Oyu Tolgoi to do so.”