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Turquoise Hill says Oyu Tolgoi declares force majeure due to border protests

From Reuters - January 17, 2018

Jan 17 (Reuters) - Turquoise Hill Resources said that Oyu Tolgoi, a copper and gold mine in the southern Gobi Desert, has declared force majeure in connection with customer contracts for concentrate due to a protest by Chinese coal transporters in the Ganqimaodu Border Zone.

Protesters used vehicles to obstruct the main access road in China leading to the Chinese-Mongolian border, resulting in Oyu Tolgoi convoys being unable to deliver concentrates to customers, the Vancouver-based company said.

The force majeure is not expected to have any impact on production, the company said on Wednesday.

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