Rio Tinto Plans To Sell 'A Lot' Of Oyu Tolgoi Output To China
SHANGHAI -(Dow Jones)- Rio Tinto PLC (RIO) plans to sell "a lot" of the output from the Oyu Tolgoi copper and gold project in Mongolia to China, and is in discussions with smelters in China, Rio Tinto's U.S. Copper Chief Financial Officer said Friday at an industry event.
"Talks are still underway, and there's no definite plan right now," Kay Priestly told a Metal Bulletin conference in China.
With the Oyu Tolgoi mine strategically located close to China where demand is high, so "it's certainly our plan to transport a lot of the products to China," Priestly added.
Rio Tinto is the operator of Oyu Tolgoi and an indirect owner in the project through its 48.5% stake in Canada-based Ivanhoe Mines Ltd. (IVN).
-Yue Li contributed to this article; Dow Jones Newswires; (8621) 6120 1200; yue.li@dowjones.com
Copyright © 2011 Dow Jones Newswires
"Talks are still underway, and there's no definite plan right now," Kay Priestly told a Metal Bulletin conference in China.
With the Oyu Tolgoi mine strategically located close to China where demand is high, so "it's certainly our plan to transport a lot of the products to China," Priestly added.
Rio Tinto is the operator of Oyu Tolgoi and an indirect owner in the project through its 48.5% stake in Canada-based Ivanhoe Mines Ltd. (IVN).
-Yue Li contributed to this article; Dow Jones Newswires; (8621) 6120 1200; yue.li@dowjones.com
Copyright © 2011 Dow Jones Newswires
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