Rio Tinto Warns Client over Copper Deliveries Delays from Mongolia www.steelguru.com
Rio Tinto, which sends copper into China from its Oyu Tolgoi copper and gold mine in Mongolia has warned its customers of delays due to restrictions imposed by authorities. A spokesman said "Rio Tinto confirms there has been a slowdown in copper concentrate imports crossing the Mongolia-China border related to coronavirus containment efforts by local authorities. We have advised customers that we are engaging with authorities who are working on re-establishing regular and safe border crossings."
In the hope of discouraging Chinese customers from declaring force majeure on contractual obligations due to the unforeseen virus outbreak, resources companies have been offering flexibility on deliveries.