Ulaanbaatar
Government and Rio Tinto Will Implement Renewable Energy and Irrigation Projects in Gobi
Economy
Ulaanbaatar, July 10, 2023 /MONTSAME/. On July 10, 2023, the Prime
Minister of Mongolia L. Oyun-Erdene received the Chairman of the Board of Directors
of the Rio Tinto Group Dominic Barton, who is participating in the
"Mongolia Economic Forum-2023" under the slogan "Welcome to
Mongolia."
At the beginning of the
meeting, Prime Minister L. Oyun-Erdene expressed his gratitude for the
participation and high significance the management of the Rio Tinto Group attaches
to the Mongolia Economic Forum-2023. “The participants of Mongolia Economic
Forum appreciated the speech you presented today. Rio Tinto is a visionary
company and I am confident that the project implemented in our country will be
successful."
Dominic Barton, Chairman of
the Board of Directors of the Rio Tinto Group, noted that the "Vision
2050" document implemented by the Government of Mongolia is a road map
that clearly shows what we are aiming for in the future, so we must contribute
as an active and responsible company. It does not have to be just the mining
industry. Mongolia has full potential to create a diversified and sustainable
economy. By 2028, Oyu Tolgoi will produce 500,000 tons of copper per year. That
is enough copper to produce six million electric cars a year. He said that by
2030, Oyu Tolgoi is expected to become the fourth largest copper mine in the
world, and expressed intention to cooperate in the long term.
The parties agreed to
jointly implement renewable energy and irrigation projects in the Gobi region.
