Rio Tinto reaches power supply deal with Mongolia for Oyu Tolgoi mine

(Reuters) - Rio Tinto Ltd said on Monday it had reached an agreement with Mongolia to domestically supply power to its Oyu Tolgoi copper-gold mine through a state-owned coal-fired power plant at Tavan Tolgoi.The Mongolian state owns 34% in the Oyu Tolgoi project, while Rio's majority-owned Turquoise Hill Resources has a 66% stake in the project.The mining giant said in a statement it will amend its current power supply agreement with Mongolian government by March 2021, under which the..