Tech & Science Rio Tinto says Mongolian project submits feasibility study on locally sourced power
British scientist says it is 'almost a racing certain' that the icy seas on Jupiter's moon Europa are home to alien life that are 'octopus-like creatures'
Monica Grady, a British space scientist, says it is 'almost a racing certain' that Jupiter's moon Europa is harboring to alien life in its icy seas, but believes they are 'octopus' like creatures.A British space scientist says it is 'almost a racing certain' that Jupiter's moon Europa is home to alien life, but believes they are 'octopus' like creatures.
Rio Tinto Ltd on Tuesday said its Mongolian copper mine project has submitted a feasibility study to the local government in its bid to secure domestically sourced power for the East Asian's country's biggest foreign investment project.
Oyu Tolgoi LLC submitted a feasibility study for the Tavan Tolgoi Power Plant (TTPP) Project, which involves building a 300 MW coal power plant at an estimated cost of about $924 million, the Anglo-Australian miner said in a statement.
The global miner said it is also working on alternative options to source domestic power, including a renewable power component.
Rio Tinto-owned Turquoise Hill Resources has a 66% stake in the multi-billion-dollar project and the Mongolian state owns 34%, with investment terms agreed in 2015 in a deal known as the Dubai Agreement.
Mongolia has been exerting pressure on Rio Tinto to revise the Oyu Tolgoi agreement terms to make it more beneficial to the country and its citizens.
Rio Tinto seeks international arbitration on tax dispute with Mongolia .
Rio Tinto seeks international arbitration on tax dispute with MongoliaRio Tinto is already stuck in renegotiations over terms of the agreement underpinning the Oyu Tolgoi copper mine project, as local lawmakers contend that financial gains from the project are not being evenly shared with Mongolia.