COPPER/GOLD
Global miner Rio Tinto is considering its options for domestic power generation for the Oyu Tolgoi mine, including building an on-site power station, the company said on Friday, as it confirmed that the government of Mongolia had terminated a framework agreement for an energy plan for the South Gobi region.
The Southern Power Cooperation Agreement (SPCA) laid out a framework for cooperation between the government and Oyu Tolgoi to deliver an energy plan for the region. The primary intention as to develop a new independent power plant at the Tavan Tolgoi coalfields, with Oyu Tolgoi as the offtaker, rather than owner.
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