March 16, 2013

Mongolia says production at Rio�s Oyu Tolgoi mine to start in June | ShareCast - News you can use

Mongolia says production at Rio�s Oyu Tolgoi mine to start in June | ShareCast - News you can use: "LONDON (SHARECAST) - Disagreements between Rio Tinto and the Mongolian government over the Oyu Tolgoi copper and gold mine will not halt a planned June start for commercial production, officials have stressed.

Rio Tinto and Mongolia have been tussling over the future of the world�s largest untapped copper deposit as the mine looks set to increase output.

The two failed to agree on a deal last month after disputing over taxes and rising costs which Mongolia believed would cut into prospective earnings for the impoverished country. "

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