April 11, 2013

Rio Tinto Says Mongolia Copper Production May Start in Summer - Bloomberg

Rio Tinto Says Mongolia Copper Production May Start in Summer - Bloomberg: "Oyu Tolgoi, whose development costs and schedule have been the subject of debate in Mongolia, is the primary driver of the country’s $10 billion economy and by 2020 is expected to make up one-third of Mongolia’s gross domestic product. Rio controls 66 percent of the $6.6 billion project with the remainder controlled by the government.
“Subject to ongoing support from the government we are cautiously optimistic that we will have first commercial production during the summer,” Jacques said. “There is no dispute whatsoever as we speak.”"

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