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Rio Tinto completes acquisition of Turquoise Hill for $3.1B

Green Car Congress

billion, simplifying the ownership of the world-class Oyu Tolgoi mine in Mongolia, significantly strengthening Rio Tinto’s copper portfolio, and demonstrating its long-term commitment to the project and Mongolia. Rio Tinto has completed its acquisition of Turquoise Hill Resources Ltd for a consideration of approximately $3.1

Mongolia 218
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Rio Tinto begins underground production at Oyu Tolgoi; 4th largest copper mine in world by 2030

Green Car Congress

Since the agreement between the Government of Mongolia and Rio Tinto in January 2022 to reset the relationship and move the Oyu Tolgoi underground project forward, 30 drawbells have been blasted and copper is now being produced from the underground mine.

Mongolia 170
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NIO unveils production electric SUV for China market; NIO ES8 to launch end of this year

Green Car Congress

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 NIO ES8 is a full-size 7-seat electric SUV with a 2-3-2 seating arrangement. NIO intends to equip the ES8 with a swappable battery pack.

San Jose 150