Remove Market Remove Mongolia Remove Production
article thumbnail

Rio Tinto, Mongolia resolve issues over $6.925B Oyu Tolgoi copper project; underground operations to start

Green Car Congress

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
article thumbnail

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

Green Car Congress

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 ). At full production, the underground mine will produce 95 thousand tonnes of ore each day. billion and $7.2

Mongolia 243
article thumbnail

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

Green Car Congress

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 annual production capacity of the JV Company is estimated to reach 100,000 units, subject to the prevailing market conditions. Ltd to produce the YC6K diesel engine.

China 186
article thumbnail

Rio Tinto begins underground production at Oyu Tolgoi; 4th largest copper mine in world by 2030

Green Car Congress

Rio Tinto has begun underground production from the Oyu Tolgoi copper mine in the Gobi Desert. Ore is currently being processed from Panel Zero in Hugo North Lift 1 and production will ramp up over the coming years. Earlier post.) The total workforce of Oyu Tolgoi is currently around 20,000 people, of which 97% are Mongolian.

Mongolia 170
article thumbnail

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

Green Car Congress

China-based electric vehicle startup NIO unveiled the NIO ES8, an electric SUV planned for serial production for the China market later this year. The company also announced it will begin taking pre-orders of its flagship supercar, the NIO EP9 ( earlier post ). NIO intends to equip the ES8 with a swappable battery pack.

San Jose 150
article thumbnail

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

Green Car Congress

The first phase will have a capacity of 1800 tons per day (390,000 tpa) with expected start of production in 2025. We are excited to partner with Topsoe, as they are the leading provider of technology for ammonia production and low carbon solutions in general. tons of sulfur dioxide, 3.2 tons of nitrogen oxides, and 3.2

China 218
article thumbnail

Rio Tinto offers $2.7B cash to buy Turquoise Hill stake in Oyu Tolgoi copper mine

Green Car Congress

The proposal follows the comprehensive agreement reached in January between Rio Tinto, Turquoise Hill and the Government of Mongolia to move the Oyu Tolgoi (OT) project forward ( earlier post ), reset the relationship between the partners and approve commencement of underground operations. billion in cash. Rio Tinto currently owns 50.8%

Mongolia 199