Oyu Tolgoi, Rio Tinto’s flagship Mongolian copper-gold mine, is set to begin production in less than three months, after resolving the issue of power supply from neighbouring China that had caused delays to the nearly $6bn project.
The start of production at Oyu Tolgoi will be a landmark for Mongolia. The mine accounts for a third of Mongolia’s gross domestic product and will be among the world’s five biggest copper mines once it reaches full production.
After more than two years of difficult construction work in the Gobi desert, the final hurdle for the mine to move ahead was cleared on Sunday when Oyu Tolgoi signed an agreement to buy power from China.
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