•   
  •   

Tech & Science Rio Tinto says Mongolian project submits feasibility study on locally sourced power

02:46  18 february  2020
02:46  18 february  2020 Source:   reuters.com

Federal Labor critical of Coalition's coal study, while not ruling out blocking mines and power plants

  Federal Labor critical of Coalition's coal study, while not ruling out blocking mines and power plants Nationals MP Barnaby Joyce is backing a study into a new coal power plant while painting himself as a champion of the poor, so they can have "affordable power" — but deputy Labor leader Richard Marles says the market is "not touching this with a barge pole".The Federal Government announced $6 million would be spent on two feasibility studies for new electricity generation projects, including a coal-fired power plant at Collinsville in north Queensland.

Anglo-Australian mining giant Rio Tinto ( RIO .L) said on Monday it had submitted feasibility studies to the Guinea government for its massive Simandou iron ore project , considered the world's biggest untapped iron ore deposit. Simfer, Rio Tinto 's subsidiary, " submitted today the bankable.

Rio Tinto Plc said its Oyu Tolgoi project in Mongolia is on track to reach commercial production in The Mongolian government owns the remaining 34 percent stake. “The power is secured, first ore With the first phase of the project on schedule and nearing commercial production, it is unlikely that

a close up of a sign: FILE PHOTO: The Rio Tinto mining company's logo is photographed at their annual general meeting in Sydney © Reuters/Jason Reed FILE PHOTO: The Rio Tinto mining company's logo is photographed at their annual general meeting in Sydney

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 says solar farm plan to power new mine first step towards decarbonisation .
Global mining giant Rio Tinto has unveiled plans for a large solar farm to feed its new iron ore mine in Western Australia's Pilbara region.The 34-megawatt plant in Tom Price will be the company's first, and is set to accompany a lithium-ion battery system that will help power the company's entire Pilbara network.

—   Share news in the SOC. Networks
usr: 4
This is interesting!