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Rio ‘Confident’ of Securing China Power Supply for Oyu Tolgoi

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.”