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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

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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.

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Elon Musk discusses potential Tesla investment with Magnolia’s PM

Teslarati

On Tuesday, the pair discussed a possible joint research venture about rare earth elements and battery minerals through a virtual meeting. According to ODI research Mongolia’s economic growth over the last decade grew remarkably at an average of 8%. LTD purchased Ltd URT lithium mine project in Mongolia for $20 million.

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Scots couple complete grueling Mongol Rally in electric car

Green Car Reports

The Mongol Rally is no small undertaking for any driver, in any type of vehicle. The 10,000-mile rally takes drivers from Europe to Siberia, via Mongolia, with no support vehicles or backup cars.

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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.

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Teco to begin producing E-Bus hub motors in April, May

Green Car Congress

The hub motors will be installed in electric buses in Japan, with each vehicle using eight such propulsion devices. Teco is also cooperating with Chinese partners to jointly develop motors for electric vehicles (EV). who will soon unveil such product in partnerships with Chinese companies.

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