Rio Tinto’s Turquoise Hill Declares Force Majeure At Mongolian Mine

LONDON (Alliance News) – Canadian-listed Turquoise Hill, 51% owned by miner Rio Tinto PLC, on Wednesday said it had declared a force majeure at the Oyu Tolgoi mine in Mongolia in relation to a protest by Chinese coal transporters.

Turquoise Hill said the protesters last week used a “large number” of vehicles to obstruct the main access road within China to the Chinese-Mongolian border.

The placement of protesters’ vehicles prevented any traffic from safely traversing the border, both inbound and outbound, and has continued to do so, Turquoise Hill said. As a result, while the obstruction remains in place, Oyu Tolgoi convoys are unable to cross through the Chinese-Mongolian border to deliver concentrates to customers.

Oyu Tolgoi is actively monitoring the situation and engaging with the relevant government authorities to understand the progress of discussions with the protestors, the firm said.

Turquoise Hill said safe and normal mine operations, including underground development, have been maintained with no production impact expected.

Shares in Rio Tinto were up 1.3% at 4,056.50 pence on Friday in London.

Source: http://www.lse.co.uk/AllNews.asp?code=g9hesr8z&headline=Rio_Tintos_Turquoise_Hill_Declares_Force_Majeure_At_Mongolian_Mine

Check Also

Xanadu Mines cashed up and working to unlock the value at Kharmagtai Share

Xanadu Mines Ltd’s (ASX:XAM) accelerated exploration has extended the footprint of the Kharmagtai Copper-Gold Project …

Leave a Reply

Your email address will not be published.

Translate »