Original article by James Thomson
The Australian Financial Review – Page: 15 : 5-Dec-16
Turquoise Hill Resources expects the Oyu Tolgoi mine in Mongolia to produce between 175,000 and 195,000 tonnes of copper concentrate and at least 255,000 ounces of gold in 2016. The Rio Tinto-controlled company has advised that the mine’s shipments to China have been put on hold in response to the introduction of new border regulations. A spokesman for Rio Tinto is optimistic that the issue can be resolved quickly. The mine’s copper production is expected to top 500,000 per annum when a $US3.5bn underground expansion is completed.
CORPORATES
RIO TINTO LIMITED – ASX RIO, TURQUOISE HILL RESOURCES LIMITED, UNITED STATES. SECURITIES AND EXCHANGE COMMISSION