Power Supply Agreement A Breakthrough For Rio Tinto - Seeking Alpha: "In a major breakthrough, Rio Tinto (RIO) has finally managed to resolve the issue of power supply to Oyu Tolgoi, its flagship Mongolian copper-gold mine. The Chinese company Inner Mongolia Power Corporation has agreed to supply power to the mine which will now be able to start production within three months. The terms of the agreement are not known yet. Oyu Tolgoi is located close to the Chinese border in the South Gobi desert, where there is a paucity of power options. Hence, Rio needs to rely on importing power from China, at least for the initial years of its operations. The alternative for Rio would have been to set up its power plant, resulting in delays and cost escalations. [1]"
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