Resource News

Reuters reported that Rio Tinto is close to receiving approval from the Mongolian government to make copper shipments from their Oyu Tolgoi mine, which the company hopes to use to offset losses after a landslide at their Bingham Canyon mine.

Reuters reported that Rio Tinto is close to receiving approval from the Mongolian government to make copper shipments from their Oyu Tolgoi mine, which the company hopes to use to offset losses after a landslide at their Bingham Canyon mine.

As quoted in the Reuters report:

A  landslide at the firm’s Bingham Canyon copper mine in Utah in April, which could result in over $700 million in lost sales revenue based on Reuters calculations, was unlikely to force a rethink on assets sales, Chief Executive Sam Walsh told shareholders at the annual meeting in Sydney on Thursday.

To view the whole Reuters report, click here.

Featured

MARKETS

Markets
TSX20099.81+400.76
TSXV696.65+29.40
DOW32196.66+466.36
S&P 5004023.89+93.81
NASD11805.00+434.04
ASX7075.10+134.10

COMMODITIES

Commodities
Gold1811.09+0.82
Silver21.11+0.03
Copper4.16+0.06
Palladium1946.01+11.99
Platinum943.12+2.88
Oil110.16+4.03
Heating Oil3.76+0.03
Natural Gas7.62-0.12

DOWNLOAD FREE REPORTS

×