Rio Tinto Group, developing a $6.2 billion copper-gold mine in Mongolia, is certain of reaching a power-supply agreement with China for the project scheduled to start production next year.
“The negotiation is going well,” Andrew Harding, chief executive officer of the London-based company’s copper unit, told reporters today in Parkes, Australia. “I’m very confident the negotiation will deliver the outcomes that I need. The power supply line is ready to go.”
