Rio Tinto's first Oyu Tolgoi copper shipment delayed
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Rio Tinto Ltd has postponed the first shipment of copper-concentrate from Oyu Tolgoi mining project at the request of the Mongolian government, The Wall Street Journal reports.
According to the newspaper, a Rio Tinto spokesperson said the miner was ready to commence shipping "as soon as possible" so that all stakeholders, including the Mongolian population, could begin reaping the benefits of the gold and copper projects.
"Oyu Tolgoi is ready to start its first shipments of copper concentrate from its Mongolian mine and all necessary permits to do so have been received from relevant authorities," a Rio Tinto representative said in an emailed statement, WSJ reports.
"Shipping will commence as soon as the government indicates its support for us to do so."
Rio is relatively flat in morning trade, down 0.2% to $52.48.
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