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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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Rio Tinto confirms $6.75B development capital for Oyu Tolgoi underground; production by Oct 2022

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Rio Tinto unveiled a pathway for the ongoing development of the underground project at Oyu Tolgoi in Mongolia, one of the largest known copper and gold deposits in the world ( earlier post ). In 2019, Rio Tinto projected that cost overruns would take the capital requirement to between $6.5 billion and $7.2

Mongolia 243
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Topsoe to provide technology for first commercial size dynamic green ammonia plant in China

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The dynamic green ammonia plant is Topsoe’s first Power-to-X project in China and includes Topsoe’s process licensing, engineering design package, proprietary equipment, and catalysts. The clean power from wind turbines will be connected directly to the electrolysis unit making it more cost-effective than if involving a hydrogen storage.

China 218
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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.

Coal 186
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China Yuchai enters into joint venture to expand heavy-duty diesel and gas engine production in China

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Y&C Power), has entered into a framework agreement with Baotou Bei Ben Heavy Duty Truck Co., Bei Ben), and Inner Mongolia First Machinery Group Co., Yiji Group), to form a new joint venture company to be located in Baotou, Inner Mongolia. The JV Company will have a registered capital of RMB 600 million (US$98 million).

China 186
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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.

Solar 170
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Giga Carbon Neutrality secures contract for 200 hydrogen and battery EV trucks and machinery in China

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Giga Carbon Neutrality (GCN) has secured a contract to supply 200 hydrogen and battery EV powered heavy trucks and associated engineering machinery from The People’s Government of Ejin Horo Banner, an administrative division of Ordos City of the Inner Mongolia Autonomous Region in China. The partners plan to invest RMB 2.3

Hydrogen 221