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Rio Tinto confirms $6.75B development capital for Oyu Tolgoi underground; production by Oct 2022

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Rio Tinto unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world ( earlier post ). At full production, the underground mine will produce 95 thousand tonnes of ore each day. billion and $7.2

Mongolia 243
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NIO unveils production electric SUV for China market; NIO ES8 to launch end of this year

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China-based electric vehicle startup NIO unveiled the NIO ES8, an electric SUV planned for serial production for the China market later this year. The ES8 has an all-aluminum body and chassis, front and rear motors with electric all-wheel drive, and active air suspension.

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Rio Tinto and First Quantum Minerals partner to progress the La Granja copper project in Peru

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Porphyry copper deposits account for approximately 60% of global copper production, and are typically mined using open-pit methods. Developing La Granja would also further strengthen Rio Tinto’s copper portfolio following the acquisition of Turquoise Hill Resources and commencement of underground mining at Oyu Tolgoi in Mongolia.

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

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and Saab Automobile AB (Saab Automobile) have signed an agreement with Hawtai Motor Group Company Limited (Hawtai). We expect that Saab’s unique brand values based on its aviation heritage, Scandinavian origins and innovation-driven character will do very well in the Chinese market. Spyker Cars N.V.

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Chinas Largest Euro-5 Diesel Engine Plant Comes Online; 300,000 Units in Phase 1, 1M Units Targeted

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CCTV reports that the Haw Tai Motor Plant, China’s largest Euro-5 diesel engine plant, has gone into production in Inner Mongolia. Initial capacity for the plant, which is a subsidiary of Haw Tai Automobile , is 300,000 units in its first phase, with planned production to reach 1 million units. CCTV report.

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