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Msg  12672 of 12740  at  2/18/2020 10:12:28 AM  by

marpincan


Power plant

Rio submits Oyu Tolgoi power plan to Mongolian government

|About: Turquoise Hill Resources Ltd. (TRQ)|By: , SA News Editor

Turquoise Hill Resources (NYSE:TRQ) says it has submitted a feasibility study to Mongolia's government in its effort to secure a long-term domestic source of power the Oyu Tolgoi mine.

The Tavan Tolgoi power plant project will include building a 300 MW coal-fired power plant at an estimated cost of as much as $924M, which already was included in Rio Tinto's (NYSE:RIO) capex guidance of $7B for 2020 and $6.5B for 2021 and 2022.

Oyu Tolgoi currently sources power from China's Inner Mongolian Western Grid via overhead power lines.

Rio owns a 50.8% stake in Turquoise Hill, which in turn owns a 66% interest in the Oyu Tolgoi asset, with the rest held by the government of Mongolia.


 


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12673 Re: Power plant countrygent 0 2/18/2020 11:07:15 AM






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