Mongolia March copper exports up 53 pct on rising Oyu Tolgoi sales

Posted on April 23, 2014 by Nanthakumar Victor Emmanuel, P.Eng One comment

(Reuters) – Mongolia’s copper concentrate export volumes leapt 53 percent year-on-year in March, with rising output from the $6.5 billion Oyu Tolgoi project run by Anglo-Australian miner Rio Tinto driving up sales, official data showed.

According to figures released on Wednesday by Mongolia’s National Statistical Office, copper concentrate accounted for 35 percent of the country’s total mineral export earnings in March, with sales totaling $349 million, a 67 percent rise compared with $209 million a year earlier.