Rio Tinto Limited
(ASX:RIO) has the all clear from Monglia to begin shipments from its Oyu Tolgoi copper mine.
Shipments to Chinese smelters were postponed twice last month, as Mongolia sought to ensure revenue from the mine was processed through Mongolian banks.
Rio and the government have clashed this year over the cost, tax payments, and the number of locals in management of the mine that’s forecast to account for a third of Mongolia’s economy once fully operational.
The clearance may be a sign tensions between the government and Rio have eased.
Rio Tinto booked a net loss of $2.9 billion in the 2012 financial year.
