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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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Elon Musk discusses potential Tesla investment with Magnolia’s PM

Teslarati

Global think tank ODI held a roundtable earlier this year that discussed Magnolia’s New Recovery Policy and where the country currently stands in the economic supply chain. According to ODI research Mongolia’s economic growth over the last decade grew remarkably at an average of 8%. Tesla proposes $3.8

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

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The company also announced it will begin taking pre-orders of its flagship supercar, the NIO EP9 ( earlier post ). The manufacturing and supply chain that will produce the ES8 is already in place, the company said. The NIO EP9 is priced at US$1.48 NIO intends to equip the ES8 with a swappable battery pack.

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Clean Global Energy in JV for $400M Underground Coal Gasification Project in China

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Ltd of Beijing, China (YSJY ), Inner Mongolia Gu Xin Mining Co. Ltd of Beijing, China (GX) and Goldbridge Clean Tech Energy of East Sussex, United Kingdom (GB) to undertake a US$400M commercial UCG (underground coalgasification) project on GX’s Inner Mongolia coal deposit. Underground coal gasification. Click to enlarge.

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Molycorp to accelerate initial start-up of new rare earth processing facility; $114M additional investment

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The company’s Board of Directors has authorized an additional investment of $114 million, which includes contingency funds, to accelerate the facility’s start-up. This acceleration also expands the diversity of global supply, which is an increasingly urgent matter for rare earth consumers. Molycorp, Inc., Earlier post.).

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