AFP: Huge Mongolia copper mine begins shipments: Rio Tinto: "ULAN BATOR — A huge $6.2 billion copper mine in Mongolia that could transform the sprawling nation's fortunes has started exports, resources giant Rio Tinto said Tuesday.
The Oyu Tolgoi project in the Gobi desert, at one of the richest copper deposits in the world, has been years in development and was hit by a series of last-minute delays due to political wrangling.
It is expected to produce an average of 430,000 tonnes of copper and 425,000 ounces of gold annually for 20 years, said Anglo-Australian Rio Tinto, which has majority control of the mine."
'via Blog this'
