An Oyu Tolgoi copper shipment was announced twice but delayed. The first announcement said that copper export was scheduled on June 14th but was delayed. The second announcement gave the target date of June 21st but was again delayed with no new date given.
Mongolia’s long-awaited securities law introduces several new concepts into its capital markets, such as depositary receipts, custodian banks and beneficial and nominee shareholders. These developments make possible the triple-listing of state-owned coal miner Erdenes Tavan Tolgoi in London, Hong Kong and Mongolia.
China may be planning to improve the quality of coal it is burning, but it's unlikely any changes will have much effect on the level of imports for the foreseeable future.
Turquoise Hill Resources (NYSE:TRQ TSE:TRQ) rose 5% in afternoon trade on Tuesday, bringing gains for the operator of the Oyu Tolgoi mine since Friday to 12.5%.
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