OT shipment delayed for the second time

Jun 21 • Featured, Mining, State Affairs • 1825 Views • No Comments on OT shipment delayed for the second time

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Expect-Delays-sign (1)

We were expecting the OT shipment today till we received a news that it is going to be delayed again. This is the second time since the assumed date back on 14th of June.  It seems that OT LLC received all the necessary permits to commence export.

The only thing holding back OT of shipment commencement is dispute between the government and Rio Tinto.

There are number of issues regarding the cost overruns, feasibility study and Entree Gold license matters to be resolved between the shareholders. Business Mongolia have covered these issues in the previous posts.

We are assuming the shipment will commence after the presidential election. Business Mongolia will update our readers in due course.

 

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