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16 Dec
15:20

COPPER: Rio Tinto plans Mongolian mine production in late 2022

In a revised update, Rio Tinto says it expects first production from the Oyu Tolgoi underground copper-gold mine in Mongolia by October 2022 and that the project will cost about $6.75 billion, Kallanish reports. The Anglo-Australian company says it plans to begin caving activities in 2021, after it wins government approval, finalises plans for a new power source and reaches an agreement on financing with partners the government of Mongolia and Canada-based Turquoi…
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