Rio Tinto (corporation)

Creation of 'Lithium OPEC' Underway in South America as EV Demand Surges Worldwide

Retrieved on:

Thursday, March 30, 2023

VANCOUVER, B.C., March 30, 2023 /PRNewswire/ -- USA News Group - Thanks to the Lithium Triangle and a new mine coming online in Brazil, South America is set to become to lithium what the Middle East is to petroleum. Discussion surrounding the creation of a so-called "Lithium OPEC" is underway between Argentina, Chile, Bolivia, and Brazil, with the group potentially set to emulate similar strategies of OPEC, according to a group of Argentinian representatives at the annual PDAC Convention held in Toronto in March 2023. With the three Lithium Triangle countries (Argentina, Chile, Bolivia) making up more than 60% of the world's known lithium resources, it's clear why there's been a race to secure lithium assets in the region. Several miners are making huge strides in South America's lithium scene, including Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Livent Corporation (NYSE:LTHM), Allkem Limited (TSX:AKE) (OTC:OROCF), Lithium Americas, and Rio Tinto Group (NYSE:RIO).

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So far the evaluation of the HMN Li Project has progressed significantly, including a Preliminary Economic Assessment (PEA) completed in April 2019.
This assessment was based on an original Tramo claim that covered 383 hectares of the project's initial claims.
"Sal de Vida construction is well underway, and James Bay is advancing with approvals received by the federal government for the ESIA.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

SEC Charges Rio Tinto plc with Bribery Controls Failures

Retrieved on:

Monday, March 6, 2023

Investment, Book, United Kingdom, Record, Mining, Australian Securities & Investments Commission, Foreign Corrupt Practices Act, Rio Tinto, Security (finance), FCPA, Australian Federal Police, Rio Tinto (corporation), Simandou

Washington, D.C.--(Newsfile Corp. - March 6, 2023) - The Securities and Exchange Commission today announced charges against global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea.

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Washington, D.C.--(Newsfile Corp. - March 6, 2023) - The Securities and Exchange Commission today announced charges against global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme involving a consultant in Guinea.
The consultant began working on behalf of Rio Tinto without a written agreement defining the scope of his services or deliverables.
Eventually the mining rights were retained, and the consultant was paid $10.5 million for his services, which Rio Tinto never verified.
"Even well-designed controls need committed managers to be effective," said Charles E. Cain, Chief of the SEC Division of Enforcement’s FCPA Unit.

Uranium Energy Corp Announces Inaugural Sustainability Report

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Tuesday, March 14, 2023

CORPUS CHRISTI, Texas, March 14, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the completion of its inaugural Sustainability Report (the "Report").

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CORPUS CHRISTI, Texas, March 14, 2023 /PRNewswire/ - Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the completion of its inaugural Sustainability Report (the "Report").
Our Environmental, Social and Governance program, launched in 2021, formalizes and builds upon the strong environmental, health and safety record the Company prides itself on.
Reclamation is an important part of the uranium project lifecycle, ensuring the restoration of affected nature and biodiversity at our project sites."
UEC is powering the clean energy future as a leading supplier of low-cost, environmentally-friendly uranium for the nuclear industry from proven, politically stable resource jurisdictions."

Rio Tinto Finance (USA) plc prices US$1.75 billion of fixed rate notes

Retrieved on:

Tuesday, March 7, 2023

Rio Tinto has priced US$650 million of 10-year fixed rate SEC-registered debt securities and US$1.1 billion of 30-year fixed rate SEC-registered debt securities.

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Rio Tinto has priced US$650 million of 10-year fixed rate SEC-registered debt securities and US$1.1 billion of 30-year fixed rate SEC-registered debt securities.
The bonds will be issued by Rio Tinto Finance (USA) plc and will be fully and unconditionally guaranteed by Rio Tinto plc and Rio Tinto Limited.
The offering to which this media release relates was made pursuant to an effective registration statement that Rio Tinto Finance (USA) Limited, Rio Tinto Finance (USA) plc, Rio Tinto Finance (USA) Inc., Rio Tinto plc and Rio Tinto Limited (together, “Rio Tinto”) filed with the US Securities and Exchange Commission (the “SEC”) and only by means of a prospectus supplement and accompanying base prospectus.
Rio Tinto will file with the SEC a final prospectus supplement to the base prospectus for the offering.

American Pacific Mining Reports High-Grade Samples from Madison Copper-Gold Project

Retrieved on:

Wednesday, February 8, 2023

VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to report high-grade gold (“Au”) and copper (“Cu”) rock chip samples from a program conducted by Kennecott Exploration, a division of the Rio Tinto Group, at the Madison Copper-Gold Project (“Madison” or “the Project”) in Montana.

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VANCOUVER, British Columbia, Feb. 08, 2023 (GLOBE NEWSWIRE) -- American Pacific Mining Corp (CSE: USGD / OTCQX: USGDF / FWB: 1QC) (“American Pacific” or the “Company”) is pleased to report high-grade gold (“Au”) and copper (“Cu”) rock chip samples from a program conducted by Kennecott Exploration, a division of the Rio Tinto Group, at the Madison Copper-Gold Project (“Madison” or “the Project”) in Montana.
Madison is under a joint-venture earn-in agreement, whereby Rio Tinto may earn up to 70% of the project by spending US$30 million.
“American Pacific is particularly encouraged by the high-grade gold values obtained from this program which confirm a large mineralized system,” stated President Eric Saderholm.
The American Pit was mined in the 1970s by open-cut mining methods along the Rader Creek-Madison Limestone contact.

Custom Lab Grown Diamonds Add a New Dimension to the Industry

Retrieved on:

Thursday, January 19, 2023

NEW YORK, Jan. 19, 2023 /PRNewswire/ -- The global demand for diamonds is on the rise. To illustrate, high demand for diamond jewelry from emerging markets such as China, India, Brazil, and Thailand is driving the global diamond mining market. In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market. Diamonds that are not of commercial quality are used in industrial applications, such as grinding wheels for drilling, cutting, polishing applications, electronic chips, and laser components. In recent years, a new way to obtain diamonds has emerged. Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance. Adamas One Corp. (NASDAQ: JEWL), Signet Jewelers Limited (NYSE: SIG), Rio Tinto Group (NYSE: RIO), Anglo American plc (OTC: NGLOY), Movado Group, Inc. (NYSE: MOV)

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In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market.
Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance.
Increase in adoption of lab grown diamonds in the fashion and jewelry sector, along with increasing application of these diamonds in the industrial sector have spurred the demand for lab grown diamonds across myriad of industry verticals.
Exclusively for women, the elegant new Aria, in white ceramic and stainless steel illuminated by diamonds, redefines sport-chic with brilliant simplicity.

Custom Lab Grown Diamonds Add a New Dimension to the Industry

Retrieved on:

Thursday, January 19, 2023

NEW YORK, Jan. 19, 2023 /PRNewswire/ -- The global demand for diamonds is on the rise. To illustrate, high demand for diamond jewelry from emerging markets such as China, India, Brazil, and Thailand is driving the global diamond mining market. In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market. Diamonds that are not of commercial quality are used in industrial applications, such as grinding wheels for drilling, cutting, polishing applications, electronic chips, and laser components. In recent years, a new way to obtain diamonds has emerged. Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance. Adamas One Corp. (NASDAQ: JEWL), Signet Jewelers Limited (NYSE: SIG), Rio Tinto Group (NYSE: RIO), Anglo American plc (OTC: NGLOY), Movado Group, Inc. (NYSE: MOV)

Key Points:

In addition, and perhaps unexpectedly, rising demand for diamonds for use in industrial applications has also boosted the global market.
Lab grown diamonds, which are made in laboratories and factories and are identical to natural diamonds in their composition and appearance.
Increase in adoption of lab grown diamonds in the fashion and jewelry sector, along with increasing application of these diamonds in the industrial sector have spurred the demand for lab grown diamonds across myriad of industry verticals.
Exclusively for women, the elegant new Aria, in white ceramic and stainless steel illuminated by diamonds, redefines sport-chic with brilliant simplicity.

The global green mining market size is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027 at a compound annual growth rate (CAGR) of 9.9% during the forecast period

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Thursday, December 22, 2022

The global green mining market size is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027 at a compound annual growth rate (CAGR) of 9.9% during the forecast period.

Key Points:

The global green mining market size is expected to grow from USD 11.0 billion in 2022 to USD 17.6 billion by 2027 at a compound annual growth rate (CAGR) of 9.9% during the forecast period.
Some key benefits of green mining include power reduction, fuel and maintenance reduction, emission reduction, water conservation, and mining closure.
During the forecast period, Europe is expected to dominate the global green mining market.
The desire to protect the environment through better technology is expected to drive the green mining market in this region.

EQS-News: Altaley Mining CEO Update

Retrieved on:

Sunday, December 18, 2022

Altaley Mining Corporation (the “Company” or “Altaley”) is pleased to provide an update on the status of the Company’s operations and projects, and corporate matters.

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Altaley Mining Corporation (the “Company” or “Altaley”) is pleased to provide an update on the status of the Company’s operations and projects, and corporate matters.
On 12th September 2022 the Company announced the appointment of Mr. Mike Struthers as the new CEO for Altaley.
Former CEO (3 years) and Director of Empire Metals Ltd., an AIM-listed exploration and resource development company, and current CEO of Candelaria Mining Corp. a TSX.V listed Mexican exploration and development company.
Prior to his consulting career he held operational and management positions in mining operations in Africa and Australia
Altaley Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects.

TURQUOISE HILL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Turquoise Hill Resources Ltd. - TRQ

Retrieved on:

Wednesday, November 30, 2022

Legal, Professional Services, TRQ, RIO, KSF, NYSE, Sale, Rio Tinto (corporation), Turquoise Hill Resources

and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Turquoise Hill Resources Ltd. (NYSE: TRQ) to Rio Tinto Group (NYSE: RIO).

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and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed sale of Turquoise Hill Resources Ltd. (NYSE: TRQ) to Rio Tinto Group (NYSE: RIO).
Under the terms of the proposed transaction, shareholders of Turquoise Hill will receive C$43 in cash for each share of Turquoise Hill that they own.
KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .