Rio Tinto appoints financial adviser for Oyu Tolgoi power plant

Rio Tinto has appointed a financial adviser for a new 450MW captive coal-fired power plant at its Oyu Tolgoi copper and gold mining project in Mongolia. Société Générale CIB (SG CIB) has been mandated to help in the bidding and financing of the captive power plant, which will supply electricity to the mine. Rio Tinto is expected to issue a request for proposals later this year and hopes to start construction of the power plant in 2014.

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