Rio Tinto Sends Letter to Shareholders and Notes Negotiations with Mongolian Government on Oyutolgoi
Sydney Morning Herald has published Rio Tinto’s letter to shareholders today.
…In copper, we have announced additional resources of 628 million tonnes at Kennecott Utah Copper and substantial resources of over one billion tonnes at Resolution in the US and 2.8 billion tonnes at La Granja in Peru (refer to press releases dated 16 May 2008 and 29 May 2008). In Mongolia, we are making progress with negotiations with the new government to develop the significant Oyu Tolgoi copper/gold deposit. These substantial assets will form part of the next generation of copper mines, which will be required to meet rapid copper demand growth.