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February 13, 2020updated 14 Feb 2020 9:52am

Rio Tinto says coronavirus Covid-19 affects Mongolian copper exports

Australian miner Rio Tinto is reportedly facing a slowdown in copper concentrate shipments from its Mongolian mine as efforts to contain the coronavirus outbreak is affecting the company’s product flows to China.

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Australian miner Rio Tinto is reportedly facing a slowdown in copper concentrate shipments from its Mongolian mine as efforts to contain the coronavirus outbreak is affecting the company’s product flows to China.

Rio Tinto ships copper to China from its Oyu Tolgoi copper and gold mine in Mongolia.

Reuters reported that the Australian miner is experiencing issues with the copper ore deliveries with the transport restrictions imposed by China to stop the spread of 2019-nCoV (now Covid-19) outbreak.

The virus has killed 1,369 people and the number of reported infections worldwide has increased to 60,300 as of the end of 12 February, representing an increase of 254 deaths from the day before.

The news agency reported Mongolia would stop deliveries of coal across its border into China until 2 March.

China’s Yunnan Copper receives almost 10,000t a month of copper concentrate for its Chifeng smelter from Oyu Tolgoi.

Reuters cited an unnamed source as saying that the Chinese firm has reduced copper output at the 400,000tpa Chifeng plant by around 30%.

Rio Tinto spokesman was quoted as saying: “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.”

In November 2019, Rio Tinto completed development of Shaft 2 at the Oyu Tolgoi mine.

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COVID-19 continues to dominate headlines the world over. It has already affected our lives forever. The way we work, shop, eat, seek medical advice, and socialize will all be different in the future. Quite how different remains to be seen, but all industries must plan for multiple eventualities.  Faced with an explosion of conflicting information on how to plan and implement successful recovery strategies, decision-makers are in dire need of a single, reliable source of intelligence.   GlobalData’s COVID-19 Executive Briefing gives you access to unparalleled data and insights to successfully navigate the uncertain road to recovery across the world’s largest industries. Understand every aspect of this disruptive theme by delving into: 
  •  COVID-19 infection update, with statistics on the spread, testing by country, as well as the latest data on vaccines and therapeutic developments 
  • Economic impact overview, covering stock market indices, GDP, unemployment rates, policy responses & GlobalData’s economic recovery scorecards 
  • Sector developments, with access to sector insight summaries, cross-sector indices and the leaders and laggards in each industry vertical 
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