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

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Oyu Tolgoi is expected to become the fourth-largest copper mine in the world by 2030, operating in the first quartile of the copper equivalent cost curve. A partnership between Rio Tinto and Mongolia, the Oyu Tolgoi open pit and concentrator have been succesfully operating for more than a decade.

Mongolia 170
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Topsoe to provide technology for first commercial size dynamic green ammonia plant in China

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The clean power from wind turbines will be connected directly to the electrolysis unit making it more cost-effective than if involving a hydrogen storage. The company is headquartered in Beijing with plants in Baotou, Inner Mongolia, China.

China 218
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Rio Tinto offers $2.7B cash to buy Turquoise Hill stake in Oyu Tolgoi copper mine

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The proposal follows the comprehensive agreement reached in January between Rio Tinto, Turquoise Hill and the Government of Mongolia to move the Oyu Tolgoi (OT) project forward ( earlier post ), reset the relationship between the partners and approve commencement of underground operations. billion in cash. Rio Tinto currently owns 50.8%

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Rio Tinto confirms $6.75B development capital for Oyu Tolgoi underground; production by Oct 2022

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Rio Tinto unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world ( earlier post ). In 2019, Rio Tinto projected that cost overruns would take the capital requirement to between $6.5 billion and $7.2 billion and $7.2

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Benchmark: battery supply chain hit by Chinese energy cuts

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Hunan and Inner Mongolia are among the most affected areas of the battery supply chain, with the former a production hub for cathodes and the latter a hub for synthetic graphite anode processing.

Supplies 186
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Rio Tinto and First Quantum Minerals partner to progress the La Granja copper project in Peru

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Under the proposed transaction, First Quantum will acquire a 55% stake in the project for $105 million, and commit to further invest up to $546 million into the joint venture to sole fund capital and operational costs to take the project through a feasibility study and toward development.

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