Rio Tinto will sell a 30% stake in its Winu copper-gold project in Western Australia to Japan’s Sumitomo Metal Mining Co. for $399 million, reported Bloomberg. “This is a unique opportunity to derisk our investment,” said Katie Jackson, Rio’s chief executive of copper. “We look forward to working more broadly as strategic partners to find new ways to deliver value…
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Quebec-based Abcourt Mines said the mill at its Sleeping Giant underground gold operation in the Abitibi region of the province restarted processing on February 13. Full story.
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Australia’s leading iron ore producers – BHP and Rio Tinto – have partnered with BlueScope to accelerate the decarbonisation of steelmaking by agreeing to jointly investigate the development of the country’s first ironmaking electric smelting furnace (ESF) pilot plant. Under a framework agreement, the companies will consolidate the work each party has completed to date, leveraging both miners’ deep knowledge…
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Canadian-based American Lithium Corp. has commenced the environmental work required for a pre-feasibility study (PFS) on the Falchani lithium project in southeastern Peru with the initiation of an environmental impact assessment (EIA) with SRK Peru. The EIA process will run in parallel with work to update the company’s existing preliminary economic assessment on Falchani. American Lithium said it believes that…
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