Rio Tinto and China’s State Power Investment Corporation (SPIC) Qiyuan have launched a trial of battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia. This is the miner’s first use of battery swap electric haul trucks in surface mining operations. Battery swapping technology allows the battery of an electric mining truck to be replaced at…
Read More
A U.S. judge said he was ready to approve Rio Tinto’s agreement to pay $138.75 million to settle a lawsuit that accused the mining giant of defrauding investors by concealing problems with the underground expansion of the Oyu Tolgoi copper-gold mine in Mongolia, reported Reuters. Rio Tinto had reached a preliminary settlement with shareholders of the former Montreal-based Turquoise Hill…
Read More
Rio Tinto has agreed to pay $138.75 million to settle a lawsuit that accused the miner of defrauding investors by concealing problems with its underground expansion of the Oyu Tolgoi copper-gold mine in Mongolia, reported Reuters. The lawsuit sought damages on behalf of shareholders of Turquoise Hill Resources between July 2018 and July 2019, when it was majority-owned by Rio…
Read More
The board of directors for Oyu Tolgoi LLC has approved development work at the Mongolian copper mine to commence under an alternative plan, while engagement continues with Entrée Resources and the government on the transfer of licences to allow mining in a joint venture area.
Read More
Rio Tinto said it is partnering with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia.
Read More
Rio Tinto has appointed Katie Jackson to lead its copper business arm, succeeding Bold Baatar, who will become the company’s chief commercial officer later this year.
Read More
Rio Tinto and the Mongolian government – both owners of the massive Oyu Tolgoi copper-gold mine in the South Gobi region of Mongolia – have officially commemorated the start of underground production from the operation. Full story.
Read More
Canadian miner Turquoise Hill said 86.6% of its shareholders have voted in favor of Rio Tinto’s $3.3 billion takeover bid, reported Reuters. Read full article.
Read More
Thiess long-time joint venture Thiess Khishig Arvin (TKAJV) has secured a contract extension for the underground works at the Oyu Tolgoi copper complex in the southern Gobi Desert of Mongolia. Read full article from The Asia Miner.
Read More
Rio Tinto has taken interest in acquiring the remaining shares it does not already own of Turquoise Hill Resources and the Oyu Tolgoi copper operation in Mongolia in a $2.7 billion cash proposal. Read full article from The Asia Miner.
Read More