Rio Tinto-controlled Turquoise Hill (TSX, NYSE:TRQ) has declared force majeure at its massive Oyu Tolgoi copper and gold mine in Mongolia, following protests by Chinese coal haulers that have interrupted shipments near the border.
In a note released Wednesday night, the Vancouver-based miner said that earlier this month protestors used a large number of vehicles to obstruct the main access road within China to the border with Mongolia.
“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’s majority owner Turquoise Hill said in the statement.
More to come…
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