Rio Tinto slows work on Oyu Tolgoi underground project amid Covid-19

Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongolia because of the coronavirus (2019-nCoV) outbreak but it continues to operate and ship copper concentrates from the mine’s open pit.

Since January the movement of goods and people in Mongolia have been restricted within and across its border; this has further escalated recently after the first case of Covid-19 in the country. 

The full impact of the slowdown on the underground project is unknown, the UK-listed miner said, but it will update the market once more information is available. At full production, the underground mine will produce 95,000 tonnes of ore...


Andrea Hotter

March 16, 2020

14:55 GMT

New York