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Mongolia's giant mine resumes copper exports to China-18th China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
12/20/2016 Copper exhibition -non-ferrous metals expo |
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AKIPRESS.COM reported that Mongolia''s giant Oyu Tolgoi mine has resumed its copper concentrate exports to China. The mine had been forced to call a halt because Beijing had demanded an 2% additional fee for all shipments, news.mn reports.
The snap decision, coming just days after the Dalai Lama''s visit to Mongolia, came as a shock to the OT management requiring new logistical arrangements. The Chinese decision came into force on 1st of December at the border-crossing in the Gobi near the mine.
Copper production at Oyu Tolgoi continued normally despite the halt in export. According to Turquoise Hill Resources, Oyu Tologoi''s copper concentrate exports to China have now resumed. The company exported a total of 849.1 million tonnes of copper concentrate in the first quarter of November.
Oyu Tolgoi is jointly owned by the Government of Mongolia (34%) and Turquoise Hill Resources (66% of which Rio Tinto owns 51%). Rio Tinto has been the manager of the Oyu Tolgoi project since 2010. -18th China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
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