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Insight: As copper booms, miners take hunt to Mongolian dunes

Reuters  |  LONDON 

By Barbara LewisLONDON (Reuters) - When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia's Gobi Desert.For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant Oyu Tolgoi project. Others have steered clear due to the risks of operating in a nation with an unpredictable and young democracy and judiciary, a frail economy and extreme weather. Now rising global demand for a metal used in electric cars and renewable energy, at a ...

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First Published: Tue, March 13 2018. 12:37 IST
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