Rio Tinto (corporation)

Agreements reached on trans-Guinean infrastructure in milestone for Simandou iron ore project

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Vendredi, août 11, 2023
Mining, Minerals, Natural Resources, Iron Ore Company of Canada, Rio Tinto (corporation), Convention, Baowu, Tinto, Republic, Iron, WCS, China Harbour Engineering Company, Rio Tinto, Rail transport, Simandou, Aluminum Corporation of China Limited

Rio Tinto and the Simfer1 joint venture (Simfer) reached an important milestone today by concluding key agreements with the Republic of Guinea and Winning Consortium Simandou2 (WCS) on the trans-Guinean infrastructure for the world class Simandou iron ore project.

Key Points: 
  • Rio Tinto and the Simfer1 joint venture (Simfer) reached an important milestone today by concluding key agreements with the Republic of Guinea and Winning Consortium Simandou2 (WCS) on the trans-Guinean infrastructure for the world class Simandou iron ore project.
  • Simandou, the world’s largest known undeveloped supply of high-grade, low-impurity iron ore, will strengthen Rio Tinto’s portfolio by complementing our existing Pilbara and Iron Ore Company of Canada products.”
    The infrastructure capacity and associated cost will be shared equally between Simfer, which is developing blocks 3 and 4 of the Simandou project, and WCS, which is developing blocks 1 and 2.
  • It is also subject to a number of conditions, including the Guinean State’s approval of the final feasibility study for the project.
  • Negotiations continue between the partners to finalise the investment agreements and related shareholders’ agreements which underpin the co-development.

H2 Green Steel signs agreements with Rio Tinto for direct reduction iron ore pellets and hot briquetted iron

Retrieved on: 
Mercredi, août 9, 2023
Acceleration, Iron Ore Company of Canada, Electrolysis, Hydrogen, HBI, Carbon, Plant, Iron, IOC, Mining, Rio Tinto (corporation), CO2, Iron ore, Coal

STOCKHOLM, Aug. 9, 2023 /PRNewswire/ -- H2 Green Steel is partnering with Rio Tinto, a leading global metals and mining company, for the supply of direct reduction iron ore pellet for its green steel production in Sweden.

Key Points: 
  • STOCKHOLM, Aug. 9, 2023 /PRNewswire/ -- H2 Green Steel is partnering with Rio Tinto, a leading global metals and mining company, for the supply of direct reduction iron ore pellet for its green steel production in Sweden.
  • The two companies have signed a multi-year supply agreement for direct reduction iron ore pellets (DR Pellets) from Rio Tinto's Iron Ore Company of Canada (IOC) which will account for a significant part of the iron ore supply to H2 Green Steel's flagship plant in Boden, Sweden.
  • Additionally, the companies have signed an agreement whereby Rio Tinto will purchase and on-sell a part of the surplus low-carbon hot briquetted iron (HBI) produced by H2 Green Steel during the ramp-up of its steelmaking capacity.
  • Rio Tinto is a global leader in the mining industry and we welcome its concrete actions to accelerate the decarbonization of the steel industry," says Henrik Henriksson, CEO at H2 Green Steel.

H2 Green Steel signs agreements with Rio Tinto for direct reduction iron ore pellets and hot briquetted iron

Retrieved on: 
Mercredi, août 9, 2023
Acceleration, Iron Ore Company of Canada, Electrolysis, Hydrogen, HBI, Carbon, Plant, Iron, IOC, Mining, Rio Tinto (corporation), CO2, Iron ore, Coal

STOCKHOLM, Aug. 9, 2023 /PRNewswire/ -- H2 Green Steel is partnering with Rio Tinto, a leading global metals and mining company, for the supply of direct reduction iron ore pellet for its green steel production in Sweden.

Key Points: 
  • STOCKHOLM, Aug. 9, 2023 /PRNewswire/ -- H2 Green Steel is partnering with Rio Tinto, a leading global metals and mining company, for the supply of direct reduction iron ore pellet for its green steel production in Sweden.
  • The two companies have signed a multi-year supply agreement for direct reduction iron ore pellets (DR Pellets) from Rio Tinto's Iron Ore Company of Canada (IOC) which will account for a significant part of the iron ore supply to H2 Green Steel's flagship plant in Boden, Sweden.
  • Additionally, the companies have signed an agreement whereby Rio Tinto will purchase and on-sell a part of the surplus low-carbon hot briquetted iron (HBI) produced by H2 Green Steel during the ramp-up of its steelmaking capacity.
  • Rio Tinto is a global leader in the mining industry and we welcome its concrete actions to accelerate the decarbonization of the steel industry," says Henrik Henriksson, CEO at H2 Green Steel.

InvestmentPitch Media Discusses Victory Battery Metals and its Phase 1 Work Program at its Stingray Property in Middle of a Major Emerging Lithium District Quebec

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Vendredi, août 4, 2023
Lithium, CSE, CDN, EV, VR6, Albemarle Corporation, Rio Tinto (corporation), CV5, FSE, Iron Patriot, VR, Phase 1, Infinity, Patriot, Growth, News, Metal

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Key Points: 
  • A Media Snippet accompanying this announcement is available by clicking on the image or link below:
    For more information about this news, please view the InvestmentPitch Media video.
  • Patriot Battery Metals’ CV5 Spodumene Pegmatite is considered the largest lithium pegmatite mineral resource in the Americas and the 8th largest globally.
  • The 4,730-hectare Lac Block borders Azimut’s Kaanaayaa property to the east and is approximately 5 km south of Patriot’s Corvette Lithium Property.
  • The 2,159-hectare Riviere Block is directly north of Azimut’s Corvet Property and is approximately 8 km southwest of Patriot’s Corvette Lithium Property.

InvestmentPitch Media Video Features Victory Battery Metals’ Location in Middle of Major Emerging Lithium District in Quebec

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Mercredi, août 2, 2023
Lithium, CSE, CDN, EV, VR6, Albemarle Corporation, Rio Tinto (corporation), FSE, Iron Patriot, VR, Patriot, News, Metal, Mining, Stingray

Covering approximately 18,000 hectares in Quebec’s Eeyou Istchee James Bay region, the company’s Stingray claims lie along the same rock unit previously mapped by Patriot Battery Metals, in the middle of a major emerging lithium district.

Key Points: 
  • Covering approximately 18,000 hectares in Quebec’s Eeyou Istchee James Bay region, the company’s Stingray claims lie along the same rock unit previously mapped by Patriot Battery Metals, in the middle of a major emerging lithium district.
  • A Media Snippet accompanying this announcement is available by clicking on the image or link below:
    For more information about this news, please view the InvestmentPitch Media video.
  • The video is available for viewing on “ InvestmentPitch ” or on “ YouTube ”.
  • Patriot Battery Metals’ CV5 Spodumene Pegmatite is considered the largest lithium pegmatite mineral resource in the Americas and the 8th largest globally.

Pan American Announces Divestment of MARA, Morococha, Agua de la Falda and Non-Controlling Equity Interests

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Lundi, juillet 31, 2023
Mining, Minerals, Natural Resources, Argentum, Area studies, Maintenance, Glencore, CMA, Rio Tinto (corporation), Defense, Newmont, Bank statement, Intellectual property, PAAS, NSR, CODELCO, Exploration, Sale, Morococha, Competition, Amistad, Gold, Documentation, Acquisition, Investment, Pan American Silver, Yamana Gold, Project, TSX, Copper, Pan-American, Aluminium, NYSE, Rio Tinto, Airline, Bank, Cryptocurrency, Agua Rica mine, Aluminum Corporation of China Limited, Atacama Desert

This improved balance sheet strength creates enhanced opportunities for the Company, providing increased capital to advance key strategic projects, including the La Colorada Skarn Project."

Key Points: 
  • This improved balance sheet strength creates enhanced opportunities for the Company, providing increased capital to advance key strategic projects, including the La Colorada Skarn Project."
  • Pan American acquired its 56.25% interest in MARA through its acquisition of Yamana Gold Inc. ("Yamana"), which closed on March 31, 2023.
  • Pan American expects the transaction to be completed in the third quarter of 2023.
  • During the second quarter of 2023, Pan American divested of a number of non-controlling equity investments for a total consideration of US$47.1 million.

Resourcing Tomorrow, Accelerating the Energy Transition

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Mercredi, juillet 19, 2023
Climate, Learning, Corporate Affairs, Mine, BHP, Technology Innovation Agency, Metal, Teck Resources, Renã A. S. Robinson, Innovation, Freeport-McMoRan, Government, Wind, Gold, Sustainability, Machine learning, Mining, Rio Tinto (corporation), ESG, Automation, Renewable energy

Full Conference Agenda Out Now

Key Points: 
  • London, England--(Newsfile Corp. - July 19, 2023) - Resourcing Tomorrow, taking place in London from November 28th to 30th has just launched the 2023 programme, dedicated to accelerating the energy transition and addressing the challenges of moving towards a cleaner, more sustainable future.
  • Miners face complex supply issues as they strive to produce the metals necessary for electric cars, wind turbines, and other new energy technologies.
  • The Resourcing Tomorrow Theatre will explore topics such as the energy transition, decarbonization, the circular economy, ESG risks, critical minerals, and environmental resilience.
  • Resourcing Tomorrow represents an unparalleled opportunity for all organisations seeking engagement with mining, energy and resources.

Rio Tinto releases second quarter production results

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Mardi, juillet 18, 2023
Natural Resources, Manufacturing, Other Natural Resources, Mining, Minerals, Machine Tools, Metalworking & Metallurgy, Workforce, NRS, Maintenance, Mount Elliott Mining Complex, Diavik, Gove, LCS, Person, Wildfire, Mineral Resources Limited, AP60, ASX, Oyu Tolgoi mine, JV, Competent person, Resource, Lac-Saint-Jean, IOC, Rio Tinto (corporation), Safety management system, Dampier, Copper, Health, Safety, Rio Tinto, Kennicott, Injury, Renewable energy, Aluminium, Uranium mining, Lithium, Cryptocurrency, Iron ore, Kitimat, Boyne, Titanium

Pilbara operations produced 81.3 million tonnes (100% basis) in the second quarter, 3% higher than the second quarter of 2022 as Gudai-Darri achieved sustained nameplate capacity during the period.

Key Points: 
  • Pilbara operations produced 81.3 million tonnes (100% basis) in the second quarter, 3% higher than the second quarter of 2022 as Gudai-Darri achieved sustained nameplate capacity during the period.
  • Aluminium production of 0.8 million tonnes was 11% higher than the second quarter of 2022 as we benefited from the continued ramp-up of the Kitimat smelter.
  • Mined copper production of 145 thousand tonnes (on a consolidated basis), was 1% lower than the second quarter of 2022.
  • In the second quarter, we commenced deployment of the Safe Production System at a further two sites, taking the total to 20 sites.

ENTRÉE RESOURCES PROVIDES UPDATE ON ENTRÉE/OYU TOLGOI JV NEGOTIATIONS

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Lundi, juillet 17, 2023
OT, Minority, State, Conflict minerals law, Q&A, ETG, Treaty of friendship and alliance between the Government of Mongolia and Tibet, Oyu Tolgoi mine, Mineral, Acquisition, Rio Tinto (corporation), TSX, Toronto Stock Exchange, Multilateral, Rio Tinto, Mining, List of generation II Pokémon

During the Q&A session when asked about the Entrée/Oyu Tolgoi joint venture, representatives of OT LLC and Rio Tinto stated that the parties were "nearing the close of the negotiations", and "finalizing the final touches on the definitive agreement".

Key Points: 
  • During the Q&A session when asked about the Entrée/Oyu Tolgoi joint venture, representatives of OT LLC and Rio Tinto stated that the parties were "nearing the close of the negotiations", and "finalizing the final touches on the definitive agreement".
  • The transcript of the Q&A session has been made available to the markets via Rio Tinto's website.
  • As previously disclosed, Entrée has been engaged in negotiations with OT LLC and Rio Tinto to amend or restructure the joint venture agreement ("Entrée/Oyu Tolgoi JVA") that has governed the relationship between the parties since 2008 and transfer the Shivee Tolgoi and Javhlant mining licenses to OT LLC as contemplated in the Entrée/Oyu Tolgoi JVA.
  • There are no assurances that a definitive agreement will be signed, or if signed, that a transaction would close.

Metals Acquisition Limited Appoints Dan Vujcic as Interim CFO

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Lundi, juillet 17, 2023
Natural Resources, Other Natural Resources, Mining, Minerals, Morgan Stanley, LSE, Fortescue Metals Group, Acquisition, Rio Tinto (corporation), University, Bachelor of Business Information Systems, Miner, Business, Arthur Andersen, CIS, First Quantum Minerals, ICAA, Citigroup, Anglo American plc, CFO, Investment, Chartered accountant, Metal

Metals Acquisition Limited (“MAC” or the “Company”) today announced the appointment of Dan Vujcic as interim Chief Financial Officer in addition to his current role as Chief Development Officer.

Key Points: 
  • Metals Acquisition Limited (“MAC” or the “Company”) today announced the appointment of Dan Vujcic as interim Chief Financial Officer in addition to his current role as Chief Development Officer.
  • The Board of Directors of the Company has commenced a search for a permanent CFO.
  • Mr. Vujcic, one of the founders of the company, is well supported by the Company’s recently expanded finance team in Canada and Australia.
  • Previously, Mr. Vujcic led the effort to expand Jefferies’ footprint globally through its coverage of emerging small/mid-cap and family offices.