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Rio Tinto, Mongolia resolve issues over $6.925B Oyu Tolgoi copper project; underground operations to start

Green Car Congress

Rio Tinto, Turquoise Hill Resources (TRQ) and the Government of Mongolia have reached an agreement that will move the Oyu Tolgoi (OT) copper mine project ( earlier post ) forward, resetting the relationship between the partners and increasing the value the project delivers for Mongolia.

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

Green Car Congress

As a part of the transaction Hawtai will invest€120 million for up to a maximum of a 29.9% The remaining €30 million will be in the form of a convertible loan agreement in the amount of €30 million with a 6-month maturity, an interest rate of 7% per annum and a conversion price of €4.88

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China Moving Ahead with Shenhua CTL Project; NuCoal in Canada Focusing on CTL Gasoline Project

Green Car Congress

The plant will be located in the northern area of Ningxia Hui Autonomous Region, with an expected price tag of $7 billion. The plant is part of Shenhua’s reported plans to spend $58 billion over the next 10 years developing coal liquefaction facilities. This 1,000 hour test follows a successful trial run held earlier this year.

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