Rio Tinto’s Copper Dream Stirs Water Worry (Video)

(Updates to add comment from Rio Tinto on shipments in second paragraph.) June 21 (Bloomberg) -- Rio Tinto Group's copper mine in Mongolia's Gobi desert, known as Oyu Tolgoi, is a deposit that contains enough of the metal to meet world demand for two years. The project will boost Mongolia's economy by a third, Rio says. It's also raising concerns about water supply in Mongolia’s most arid region. Rio Tinto yesterday postponed today’s scheduled first shipment from the $6.6 billion mine, saying it will start as soon as the government indicates support. Bloomberg's Yuriy Humber reports. (Source: Bloomberg)

The Impact of Global Monetary Policy on Currencies
13:14 - David Bloom, global head of FX research at HSBC, discusses monetary policy coming from both the Federal Reserve and ECB, and their impact on currencies. He speaks with Jonathan Ferro on Bloomberg Television’s “On The Move.” (Source: Bloomberg)
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