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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.

Mongolia 150
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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.

2020 150
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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).

Peru 273
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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.

San Jose 150
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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.

Coal 186
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SLOCAT preliminary analysis of impact of COVID-19 on regional mobility

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Although the knowledge tools, data analyses, policy advocacy and multi-stakeholder gatherings proposed by SLOCAT are universal, its geographical footprint is targeted at the Global South. Mobility to public transport stations has reached pre-COVID-19 levels in Mongolia and Korea.

Vietnam 259
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MEG expanding heavy-duty electric truck efforts; succsessful testing of mine vehicle

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After in-depth conversation and research, conducted by MEG and our partners, with two of China’s leading mining provinces, Inner Mongolia and Yunnan, we have determined that they have a combined sales target for heavy trucks and the required batteries of approximately US$14 billion (RMB100 Billion) over the next three years.

Vehicles 170