Rio Tinto

Stallion Uranium Strengthens Board with Technical Expertise

Retrieved on: 
Thursday, March 28, 2024
Kraken, Uranium, Rough Riders, Hathor Exploration, SVP, Sale, Stallion, Senior advisor, Rio Tinto, STUD, Audit committee, Mining, Uranium mining

“We are privileged to have the technical expertise and experience of Matthew Schwab joining Stallion’s Board of Directors.

Key Points: 
  • “We are privileged to have the technical expertise and experience of Matthew Schwab joining Stallion’s Board of Directors.
  • As Stallion continues to advance exploration across its land package, Mr. Schwab’s experience will further bolster the strength of Stallion’s team as we work to make the next significant uranium discovery,” commented Drew Zimmerman, CEO of Stallion Uranium.
  • Mr. Schwab is currently the CEO of Kraken Energy Corp, a US focused uranium exploration and development company.
  • “I’m honoured by the opportunity to join the Board of Directors at Stallion and believe my technical background will further bolster a strong team as we work toward a significant uranium discovery.”
    The company would like to thank Terry Wells for his commitment and service to the Stallion Board and Audit Committee over the past few years.

Calibre Enters Pre-Commissioning and Commissioning Contract with Reliable Controls Corporation and Executes A Gold Prepayment

Retrieved on: 
Thursday, March 28, 2024
Gold, TSX, CXB, OTCQX, RCC, Rio Tinto, Valentine

Darren Hall, President and Chief Executive Officer of Calibre, stated: “With construction at Valentine 61% complete I remain confident in our ability to deliver first gold during H1, 2025.

Key Points: 
  • Darren Hall, President and Chief Executive Officer of Calibre, stated: “With construction at Valentine 61% complete I remain confident in our ability to deliver first gold during H1, 2025.
  • To further derisk delivery, I am pleased to announce that we have secured RCC, a team of highly experienced commissioning experts to lead pre-commissioning and commissioning of the process plant.
  • Calibre is required to deliver Asahi 2,300 ounces of gold per month over a twelve-month period, beginning in May 2024, such ounces determined based on gold forward curve prices averaging $2,239 per ounce.
  • Approximately 2,233 ounces per month will be credited against the prepayment and Calibre will receive a cash payment for the balance.

Kharmagtai Water Supply Drilling Program Recommences

Retrieved on: 
Wednesday, March 27, 2024
Water supply, SRK, Growth, Hydrology, Mineral Resources Limited, ZUK, Disclosure, XAM, Data, ASX, Groundwater, Permeability, TSX, SABC, Rio Tinto, Water, PFS, Stage 2, Mining, Tunnel

Water supply is a core input to the study; a key driver to maximise processing throughput for the project.

Key Points: 
  • Water supply is a core input to the study; a key driver to maximise processing throughput for the project.
  • We are confident in this field program and aim to demonstrate that, to a PFS standard, there is an adequate supply of water for Kharmagtai, to ensure its successful delivery as Mongolia’s next major copper-gold mine in the south Gobi region of Mongolia.”
    The hydrological program has six key objectives to provide water supply for Kharmagtai operations.
  • The Kharmagtai PFS seeks to maximise water recycling through the use of industry best practices including efficient process design, modern tailings dam design and thickened tailings to reduce water loss.
  • The order of monitoring bore drilling will change as the field program progresses, including progress of production bore drilling.

Fortune Minerals Announces Arrival of Samples at SGS Canada in Lakefield, Ontario for Metallurgical Testing

Retrieved on: 
Monday, April 8, 2024
Mining, Minerals, Natural Resources, Bismuth, Alberta Innovates, Technical report, Government, NWT, Development, Gold, Lead, Metal, News, Policy, Feasibility study, Disclosure, National instrument, Glass, TSX, NICO, Rio Tinto, Democratic republic, Magnet, Multimedia, Aluminium, West Central Railway zone, Cobalt, Engineering, Oil

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (“NICO Deposit”) in the Northwest Territories (“NWT”) to SGS Canada Inc. in Lakefield, Ontario.

Key Points: 
  • Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (“Fortune” or the “Company”) ( www.fortuneminerals.com ) is pleased to announce the successful delivery of ore samples from the NICO cobalt-gold-bismuth-copper deposit (“NICO Deposit”) in the Northwest Territories (“NWT”) to SGS Canada Inc. in Lakefield, Ontario.
  • Development of the NICO Project would provide a North American supply of three Critical Minerals needed for the energy transition, new technologies, and growing green economy.
  • These will be blended with Fortune test products at SGS Canada Inc. to validate the recovery of the contained metals using the Alberta Refinery metallurgical flow sheet.
  • The JFSL site is an ideal location to construct the Fortune refinery and expand the Edmonton area as a Critical Minerals processing hub in western Canada.

Yinhawangka People and Rio Tinto partner to co-design ‘Living Cultures Program’

Retrieved on: 
Monday, April 8, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, Native title in Australia, Culture, Environment, Country, Partnership, Risk, Knowledge, Travel, Aborigine, Social, Rio Tinto, Language, Multimedia

The Yinhawangka Aboriginal Corporation and Rio Tinto have collaborated to design a new program aimed at protecting and preserving Yinhawangka culture and supporting a strong, healthy and connected Yinhawangka People.

Key Points: 
  • The Yinhawangka Aboriginal Corporation and Rio Tinto have collaborated to design a new program aimed at protecting and preserving Yinhawangka culture and supporting a strong, healthy and connected Yinhawangka People.
  • Rio Tinto will provide $9.5 million to the ‘Living Cultures Program’ over six years.
  • Yinhawangka Aboriginal Corporation Chair, Lorraine Injie said "Firstly, let me acknowledge the hard work and dedication of the Yinhawangka people and Rio Tinto in bringing to life this Living Cultures Project.
  • “I look forward to furthering the close working partnership between Yinhawangka Aboriginal Corporation and Rio Tinto.

Fleet Space Launches Next-Gen Centauri-6 Satellite on SpaceX's Bandwagon-1 Mission

Retrieved on: 
Monday, April 8, 2024
Lithium, LEO, SATCOM, SPIDER, Growth, Humanity, Entrepreneurship, PTT, History, 3D, Acquisition, Finniss Lithium Project, AI, Software, Falcon 9, Spacecraft, Moon, NASA, Rio Tinto, Kennedy Space Center, Centauri, Exosphere, SpaceX, Communications satellite

ADELAIDE, Australia, April 8, 2024 /PRNewswire/ -- Fleet Space Technologies, the leading Australian space exploration company, announced the successful deployment of its next-generation Centauri-6 satellite on SpaceX's Bandwagon-1 mission, launched aboard a SpaceX Falcon 9 from Launch Complex 39A at the Kennedy Space Center in Florida.

Key Points: 
  • ADELAIDE, Australia, April 8, 2024 /PRNewswire/ -- Fleet Space Technologies, the leading Australian space exploration company, announced the successful deployment of its next-generation Centauri-6 satellite on SpaceX's Bandwagon-1 mission, launched aboard a SpaceX Falcon 9 from Launch Complex 39A at the Kennedy Space Center in Florida.
  • The successful launch of Centauri-6 is the latest development from Fleet Space after a period of exponential growth and innovative breakthroughs unlocking new capabilities in the global space sector.
  • "Leveraging the latest advances in space technology, AI, and geophysics - Fleet Space is demonstrating a path to accelerate mineral exploration in a more data-driven, scalable, and sustainable way.
  • Centauri-6's design also leverages 3D-printed components - including the 3D-printed metal patch antenna Fleet Space pioneered on earlier Centauri satellites.

Rio Tinto to manage the Ranger Rehabilitation Project for ERA

Retrieved on: 
Wednesday, April 3, 2024
Natural Resources, Energy, Other Natural Resources, Mining, Minerals, Other Energy, ERA, Native title in Australia, Environment, MSA, Partnership, Tinto, Bininj, Market access, Kakadu National Park, Ranger, Rio Tinto, Water, IBC, Rehabilitation

Rio Tinto will manage the Ranger Rehabilitation Project in Australia’s Northern Territory on behalf of Energy Resources of Australia Ltd (ERA), under a new Management Services Agreement (MSA) signed today.

Key Points: 
  • Rio Tinto will manage the Ranger Rehabilitation Project in Australia’s Northern Territory on behalf of Energy Resources of Australia Ltd (ERA), under a new Management Services Agreement (MSA) signed today.
  • Transition to Rio Tinto management of the project will start immediately and is expected to take about three months.
  • The agreement follows an approach to Rio Tinto from ERA’s Independent Board Committee (IBC) to submit a proposal to provide services and advice to progress the project.
  • Management of ERA matters outside the Ranger Rehabilitation Project, including corporate matters, financial affairs, assets and governance will remain the responsibility of ERA.

Rio Tinto releases details of $8.5 billion of taxes and royalties paid in 2023

Retrieved on: 
Thursday, March 28, 2024
Mining, Minerals, Natural Resources, Tax, Tinto, Mineral, Rio Tinto

Rio Tinto has published its 2023 Taxes and Royalties Paid Report , which details $8.5 billion of taxes and royalties paid globally during the year.

Key Points: 
  • Rio Tinto has published its 2023 Taxes and Royalties Paid Report , which details $8.5 billion of taxes and royalties paid globally during the year.
  • This compares to $10.8 billion in 2022, which included around $1.5 billion of Australian corporate tax payments related to prior years.
  • In Australia, which is home to almost half of the company’s global business, taxes and royalties totalling $6.6 billion (A$10.0 billion) were paid in 2023, including corporate tax paid of $4.1 billion (A$6.2 billion).
  • Rio Tinto also made significant tax and royalty payments in Canada ($601 million), Chile ($477 million), Mongolia ($371 million) and the United States ($123 million).

Battery Ventures Invests in Training and Certification Company Mobius Institute

Retrieved on: 
Tuesday, March 26, 2024
Technology, Finance, Consulting, Other Technology, Professional Services, Software, Training, Asset Management, Education, Other Professional Services, Mobius, Certification, Dow, Growth, Coca-Cola, Partnership, Battery Ventures, Mercedes-Benz, Acquisition, Ford, Student, NASA, Samsung, Rio Tinto, Cargill, ABB, M&A, TKR, SKF, Battery, Hyundai, ISO, Movement

Battery Ventures, a global, technology-focused investment firm, today announced a significant investment in Mobius Institute (“Mobius”), a company that specializes in reliability improvement, conditioning-monitoring, and precision-maintenance training and certification.

Key Points: 
  • Battery Ventures, a global, technology-focused investment firm, today announced a significant investment in Mobius Institute (“Mobius”), a company that specializes in reliability improvement, conditioning-monitoring, and precision-maintenance training and certification.
  • Mobius delivers its training via public, in-plant, and online training programs and has trained more than 70,000 professionals from 180 countries since 2005.
  • In addition to training, a related entity to the company, Mobius Institute Board of Certification, is an ISO/IEC 17024 and ISO 18436-accredited certification body that provides globally recognized certification to reliability professionals, vibration analysts, ultrasound analysts, thermal imaging, and lubrication specialists worldwide.
  • Jason Tranter, the co-founder of Mobius, said he hoped the partnership with Battery will help his company scale to a new level.

Rio Tinto commits $10 million to boost Tom Price sports and recreation

Retrieved on: 
Tuesday, March 26, 2024
Other Sports, Natural Resources, Sports, Mining, Minerals, Health, Tinto, Inspiration, CLIP, Life, Rio Tinto, Recreation, Core Services

Rio Tinto will contribute $10 million to the Shire of Ashburton to help fund the Minna Oval Development Project in Tom Price.

Key Points: 
  • Rio Tinto will contribute $10 million to the Shire of Ashburton to help fund the Minna Oval Development Project in Tom Price.
  • These facilities will be used by local sporting organisations and the adjacent North Tom Price Primary school.
  • The Minna Oval Development Project was identified as an important community project through the Shire of Ashburton’s Community Lifestyle Infrastructure Plan (CLIP), which Rio Tinto provided $1 million towards.
  • Rio Tinto's generous contribution of $10 million underlines their dedication to fostering community development and supporting initiatives that promote health, well-being, and recreation.