Mongolia Says Rio’s Copper Mine Can Start Shipments (Correct) - Businessweek: "Tensions between Mongolia’s government and Rio Tinto Group (RIO) over the $6.6 billion Oyu Tolgoi mine have eased sufficiently to start shipping copper concentrate this week, the country’s mining minister wrote in a post on Twitter today.
“There is no significant problem with the Oyu Tolgoi mineral export contract,” Davaajav Gankhuyag said. “The first shipments will start on July 9.”
Scheduled shipments to Chinese smelters were postponed twice, first on June 14 at the request of Rio Tinto, then on June 21 at the request of the government. Rio runs the operation through its Turquoise Hill Resources Ltd. (TRQ) unit, which holds a 66 percent stake. Mongolia owns 34 percent."
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“There is no significant problem with the Oyu Tolgoi mineral export contract,” Davaajav Gankhuyag said. “The first shipments will start on July 9.”
Scheduled shipments to Chinese smelters were postponed twice, first on June 14 at the request of Rio Tinto, then on June 21 at the request of the government. Rio runs the operation through its Turquoise Hill Resources Ltd. (TRQ) unit, which holds a 66 percent stake. Mongolia owns 34 percent."
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