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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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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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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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This acceleration also expands the diversity of global supply, which is an increasingly urgent matter for rare earth consumers. By accelerating our start-up, we also further de-risk the overall project by allowing for a more orderly and sequential start up of the various circuits of this highly complex plant. —Mark Smith.

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