Rio Tinto Oyu Tolgoi mine held up by export income dispute - 3: "Reuters reported that the Mongolian government and Rio Tinto have not yet reached an agreement on whether the miner can repatriate earnings from the USD 6.2 billion Oyu Tolgoi mine delaying first copper shipments.
The dispute could heighten investor concerns about the risks of mining in Mongolia and threaten Rio Tinto’s plans to grow its copper portfolio to ease dependence on iron ore.
Metals traders have been closely watching whether Rio gets official approval to export concentrate from Oyu Tolgoi amid a shortfall in shipments from the Grasberg mine in Indonesia run by Freeport McMoRan Copper & Gold."
'via Blog this'
The dispute could heighten investor concerns about the risks of mining in Mongolia and threaten Rio Tinto’s plans to grow its copper portfolio to ease dependence on iron ore.
Metals traders have been closely watching whether Rio gets official approval to export concentrate from Oyu Tolgoi amid a shortfall in shipments from the Grasberg mine in Indonesia run by Freeport McMoRan Copper & Gold."
'via Blog this'
