Tuesday, May 28, 2013

Rio Tinto and Turquoise as Oyu Tolgoi Shipments About to Begin

The rough and tumble conditions associated with the gigantic Oyu Tolgoi mine in Mongolia are about to pay off for Turquoise Hill Resources (TRQ) and Rio Tinto (RIO) as approval to ship copper from the mine may be as close as two weeks away.
We are still looking for some approvals in relation to exactly how we transport and ship the material ... that we expect to receive in the next couple of weeks.
I think we have moved well down the path in terms of resolving issues the government had tabled with us, enabling us really to move forward with the project.
Commercial production was previously expected to launch near the latter part of June, but Walsh says that copper may be able to be shipped by that time.

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