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...A realistic, engaging explanation of the challenges we face in areas such as energy and climate change. Update: When I wrote The Rise of the Robots, deep learning was in its infancy....
...It is the latest example of consolidation within the global mining industry as major companies look to buy promising operations to increase scale and exposure to critical minerals needed for the energy transition...
...Valuing the mine’s resources has been tricky because producers expect a global shortage of copper in the coming years amid growing demand from electrification and the clean energy transition....
...greater control over the Oyu Tolgoi mine is a strategic priority, as the company works to expand its production of metals such as copper and lithium that are necessary for the transition to low-carbon energy...
...In later life, he also devoted increasing energy to philanthropic causes, including Elephant Family, a charity working to preserve wildlife across India, Thailand, Myanmar, Cambodia, Sumatra and Borneo,...
...Rio already owns 51 per cent of Turquoise Hill....
...Rio Tinto, the Anglo-Australian mining company, is also trying to land a deal by buying out Turquoise Hill in Canada to gain control of the Oyu Tolgoi copper asset in Mongolia....
...Uis lies in the arid hills of Erongo, a large and sparsely populated province of the south-west African country....
...Located in the Gobi desert, Oyu Tolgoi is one of the world’s biggest deposits of copper, a metal vital for the energy transition since it is used in vast quantities in electric vehicles and renewable projects...
...expansion project is completed, it will be one of the world’s biggest copper mines, with production in its early years of about 500,000 tonnes per year, just as demand for the metal increases because of the energy...
...Peker said the deal was “complementary” with Oz’s Carrapateena and Prominent Hill mines, which are in proximity to BHP’s Olympic Dam complex and Oak Dam deposit....
...Rio is looking to increase its exposure to metals that are critical for the green energy transition....
...That comes via its majority holding of Turquoise Hill, the miner that first discovered the site....
...project is complete, Oyu Tolgoi will be one of the world’s biggest copper mines, with production in its early years of about 500,000 tonnes per year, just as demand for the metal increases because of the energy...
...(Do give Andrew Hill’s in-depth analysis of all that a look if you haven’t already.)...
...Mace pointed out that Mark Thurston, a former chief executive, was a former CH2M employee — as was his predecessor, Roy Hill, who had filled the role on a temporary basis....
...“The heat cools quite quickly, it’s the same with restaurants, there’s an energy to variation,” he says. His gallery also brings a solo booth to the fair, with four paintings by Albert Oehlen....
...energy from independent producers in the next 40 months....
...Oyu Tolgoi LLC is 66 per cent owned by Toronto-listed Turquoise Hill Resources (TRQ), in which Rio has a 50.8 per cent controlling stake, and 34 per cent by the Mongolian government....
...I think what we have done is fantastic, very sexy: a perfect marriage between New York energy and Aman DNA.” And I’d say I agree. Claire Wrathall was a guest of Aman New York....
...Such was the mood at last week’s Milken Global Conference in Beverly Hills....
...“We are trying to hire Americans with connections to Washington as we need to strengthen networking with the US government and Capitol Hill,” said an executive at LG Energy Solution....
...Mongolia has a 34 per cent stake in the project, with the rest owned by Rio subsidiary Turquoise Hill Resources....
...Ulan Bator owns 34 per cent of Oyu Tolgoi LLC with the balance controlled by Turquoise Hill, in which Rio has a controlling 50.1 per cent stake....
...“That just says really good things to manufacturers,” said Kim Hill, president of the consultancy HWA Analytics....
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