Rio reaffirms Oyu guidance
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
Rio Tinto (RIO) has reaffirmed full-year production guidance for its Oyu Tolgoi mine but is still in discussions with Chinese customs officials to allow customers to collect copper concentrate they have bought.
In a statement, Rio subsidiary Turquoise Hill Resources, which owns 66% of the Mongolian mine, said it produced 30,600 tonnes of copper in concentrates in the third quarter of 2013.
Over the first nine months of 2013, the mine produced 43,700 tonnes of copper in concentrates.
The mine is now operating at nameplate capacity of approximately 100,000 tonnes of ore processed per day after continuing to ramp up in the third quarter.
The miner reiterated forecasts of 75,000 to 85,000 tonnes of copper in concentrates produced for 2013.
Oyu Tolgoi also produced 62,000 ounces of gold in concentrates and 196,000 ounces of silver in concentrates in the third quarter.
Over the first nine months of 2013, the mine produced 83,000 ounces of gold in concentrates and 281,000 ounces of silver in concentrates.
Ore grades and recovery rates are expected to keep improving through the fourth quarter as the mine is still in an early stage of development.
Turquoise Hill chief executive officer Kay Priestly said concentrate shipments began early in the quarter.
"Oyu Tolgoi's customers are making good progress with Chinese customs officials to resolve matters with purchased concentrate at the border," Ms Priestly said.
Turquoise Hill warned of the delay last month, saying Oyu Tolgoi concentrate is the first of its kind to be shipped across the Gangquimadou bilateral border between Mongolia and China.
The Mongolian government owns a minority stake in the mine.
Call 1300 880 160
Start a chat
Schedule a call
