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

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Australia-based Clean Global Energy Limited (CGE) secured a Joint Venture Agreement with Beijing Yusenjiayu Environmental Protection Technology Co. Ltd of Beijing, China (YSJY ), Inner Mongolia Gu Xin Mining Co. Underground coal gasification. Click to enlarge.

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Benchmark: China dominates Li-ion battery supply chain

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China dominates the global Li-ion battery supply chain to the extent that removing the country in favor of European or North American alternatives will be difficult, according to analysis by Benchmark Minerals Intelligence. Despite mining less than 10% of the global supply, China refines 95% of it.

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

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will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Factors such as limited reserves, strict regulatory guidelines, complicated extraction process and heavy capital deployment are likely to adversely affect market growth. billion in 2020. billion in 2013.

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

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Porphyry copper deposits account for approximately 60% of global copper production, and are typically mined using open-pit methods. USGS map of global mineral resources. billion tonnes at 0.51% copper (130 Mt at 0.85% Cu Indicated Mineral Resources and 4,190 Mt at 0.50% Cu Inferred Mineral Resources).

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

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China-based electric vehicle startup NIO unveiled the NIO ES8, an electric SUV planned for serial production for the China market later this year. NIO is a global start-up; NIO has more than 2,000 employees in San Jose, Shanghai, Munich, London and eight other locations. NIO intends to equip the ES8 with a swappable battery pack.

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

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We are accelerating our start-up because of robust rare earth oxide markets and very favorable project economics. This acceleration also expands the diversity of global supply, which is an increasingly urgent matter for rare earth consumers. The acceleration effort will be funded from current cash flow and existing cash balances.

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