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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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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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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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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 China, with more than 93% of the global production, was the largest producer of neodymium in 2012. Molycorp and Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co. billion in 2020. from 2014 to 2020.

2020 150
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8 development banks commit to provide more than $175B to scale up support for sustainable transport

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Global CO 2 emissions from the transport sector are projected to increase nearly 50% by 2030 unless significant changes are adopted. Yet despite the importance of the transport sector, which also directly contributes 5-10% of GDP in most countries, it has been largely neglected in the global sustainable development agenda.

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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.

Mongolia 210
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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