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

FILE PHOTO: The Rio Tinto mining company's logo is photographed at their annual general meeting
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(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..
Date Published: Jun 29, 2020
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