Rio Tinto (RIO) intends to begin exporting copper from its $6.2B Oyu Tolgoi mine in Mongolia...

|About: Rio Tinto plc (RIO)|By:, SA News Editor

Rio Tinto (RIO) intends to begin exporting copper from its $6.2B Oyu Tolgoi mine in Mongolia tomorrow after receiving permission from the government to hold the revenue it generates from such sales anywhere it wants. Mongolia had demanded that Rio keep all the income in the country, prompting the miner to delay the start of exports. Oyu Tolgoi's production is forecast to average 330,000 tonnes of copper a year and 495,000 ounces of gold.