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

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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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Rio Tinto completes acquisition of Turquoise Hill for $3.1B

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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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Giga Carbon Neutrality secures contract for 200 hydrogen and battery EV trucks and machinery in China

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Giga Carbon Neutrality (GCN) has secured a contract to supply 200 hydrogen and battery EV powered heavy trucks and associated engineering machinery from The People’s Government of Ejin Horo Banner, an administrative division of Ordos City of the Inner Mongolia Autonomous Region in China. The partners plan to invest RMB 2.3

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Honeywell’s UOP Methanol-to-Olefins technology selected to convert coal to high-value petrochemicals in China

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has licensed Honeywell’s UOP methanol-to-olefins (MTO) technology to convert methanol from coal into key plastics building blocks. MTO also offers flexibility in the quantity of propylene and ethylene produced, so producers can adjust plant designs to most effectively address market demands.

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

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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. The partnership with the iconic Saab brand will give us access to innovative technologies and an international network which would have taken us decades to build.

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First Solar Signs MoU for 2GW Solar Power Plant in China

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First Solar signed a memorandum of understanding (MOU) with the Chinese government to build a 2 gigawatt solar power plant in Ordos City, Inner Mongolia, China. The project will operate under a feed-in-tariff which will guarantee the pricing of electricity produced by the power plant over a long-term period.

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Shell, Shenhua to Partner on RD in Advanced Coal Technology; Shell Qualifies 3 Chinese Companies to Manufacture Gasification Technology

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(Shell) also qualified three Chinese companies for the manufacture of key equipment for the Shell Coal Gasification Process (SCGP), in order to make the Shell technology more competitive in the Chinese market. It not only builds coal-to-liquid and coal-chemical projects, but also develops CCS, hydrogen power and renewable energy technology.

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