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Rio Tinto Group
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== Projects == Recently the mining landscape is rapidly evolving reflecting the rapidly changing consumer market, government investments, and company priorities. Given the need for greener technologies and electric generation has resulted in a higher demand for rare earth metals meaning that Rio Tinto has had to change its projects and strategies. Some current projects are briefly described below. Kennecott Underground Project, Utah, US Over 100 million dollars is being invested into underground mining projects. The technology will enable safer, less toxic mining operations in Kennecott of various rare earth compounds. The mine would allow for potential mining expansion in developed countries allowing mining in less geopolitically sensitive areas. Oyo Tolgoi Underground, Khanbogd, Mongolia The Oyu Tolgoi copper mine is an open pit mine and underground mining project. Rio Tinto is using block-caving mining techniques to extract the ore and transport it to the surface. The mine is expected to operate in the first quartile of copper cash cost curve which is where the mine generates more than operating costs. This mine is expected to be the fourth largest copper mine in the world with over 500 kilotonnes of copper per year being produced between 2028 to 2036. It is one of the most safe and water efficient operations and represents the largest foreign investment in Mongolia. Simandou, Nzerekore, Guniea Siandou is home to the richest and largest iron ore deposits. This new mine would assist with diversifying the critical portfolio of iron ore products and provide much-needed resilience to the supply chain of iron ore.
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