Rio ships Gobi copper

Rio Tinto said it has started shipping copper concentrate from the Oyu Tolgoi gold and copper mine in Mongolia's Gobi Desert and has brought the mine into production.

Copper concentrate is the processed ore product mined onsite that is shipped for further refining. According to the article, Rio Tinto has begun shipping concentrate as Oyu Tolgoi moves into production.

Oyu Tolgoi is located in Mongolia's Gobi Desert and is described in the article as a gold and copper mine.

The article says the first phase of the project took three years and cost about $6.2 billion.

The project aims to be one of the world’s top five copper mines, according to the article.

Rio Tinto said it brought Oyu Tolgoi into production as the outlook for copper remained strong, which suggests the company sees favorable market conditions for copper sales and shipment of concentrate.

Yes. The article refers to Oyu Tolgoi as a gold and copper mine, and it specifically mentions the start of copper concentrate shipments.

From the article, investors can note that Rio Tinto has moved Oyu Tolgoi into production and begun shipping copper concentrate after a $6.2 billion, three-year first phase, reflecting the company’s confidence in a strong copper outlook.