Rio Tinto warns of delays at big project in Mongolia

Challenging conditions on the ground and tensions with the government of Mongolia are threatening to cause further delays to Rio Tinto’s $12 billion copper and goldmine being developed in the Gobi Desert.
Production at Oyu Tolgoi was not likely to start until the end of the third quarter of 2021, the FTSE 100 mining group said, about six months later than planned.
The mine is one of Rio Tinto’s most important assets, forecast to produce 560,000 tonnes of copper and gold each year. However, the company has come under mounting pressure from the Mongolian government, which wants to speed up its development.


Source:The Times