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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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Next Fuel, Inc. signs definitive agreement to field test coal-to-gas technology in China; Chinese partner makes strategic investment

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The company also announced that persons affiliated with Future Fuel made the second part of a $2-million strategic investment in Next Fuel and now own 1 million shares of common stock, which exceeds 10% of Next Fuel’s outstanding shares, and a representative of the investor group joined the Board of Directors. Next Fuel, Inc.,

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Hexa Research forecasts $10.96B global rare earth elements market by 2020

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Creation of elements from recycled waste is an area of opportunity for future. Growing end-use industries in developing Asia Pacific regions such as China, India, Malaysia and South Korea will accelerate demand for the Rare Earth Elements market in the near future. Molycorp and Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co.

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8 development banks commit to provide more than $175B to scale up support for sustainable transport

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Developing countries have the opportunity to leapfrog to a greener future of less motorization, shorter commutes, and more energy efficient transport systems. Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions—especially in developing countries.

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Chinas Largest Euro-5 Diesel Engine Plant Comes Online; 300,000 Units in Phase 1, 1M Units Targeted

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CCTV reports that the Haw Tai Motor Plant, China’s largest Euro-5 diesel engine plant, has gone into production in Inner Mongolia. Xu Hengwu, Director of Haw Tai Motor Plant, said, “Considering the national energy strategy and the urge to cut carbon dioxide emissions, diesel motor markets will experience rapid growth in the near future.”.

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GE and Shenhua open coal gasification joint venture in China

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A new report from GBI Research forecasts that the Asia-Pacific region will become the leading coal-producing region in the future, led by China. At 14%, China holds the most coal reserves in the region, the majority of these reserves are concentrated in the provinces of Inner Mongolia, Shanxi, Shandong, Xinjiang, Qinghai, Gansu and Ningxia.

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Saab Automobile enters agreement with Hawtai Motor Group on strategic partnership

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Our participation in Spyker, Saab’s parent company, demonstrates our commitment to the future of Saab Automobile as a premium European car manufacturer. —Richard Zhang, Vice President of Hawtai.