Mongolia tries to calm fears that Rio will delay giant mine -: "Reuters reported that Mongolian officials tried to calm fears that disagreements between the government and miner Rio Tinto Ltd would delay a planned June start of commercial production at the giant Oyu Tolgoi copper and gold mine.
Rio and Mongolia are at loggerheads over the future of one of the world's largest untapped copper deposits just as the mine ramps up output and the Rio subsidiary that owns it tries to line up USD 4 billion for the next stage of development.
The mine is operating under a temporary budget after the two sides failed to agree on a deal last month, having disagreed over taxes and rising costs that Mongolia fears will erode prospective earnings. They are set to meet again next week."
'via Blog this'
