Oyu Tolgoi mine

Rio Tinto releases first quarter production results

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星期二, 四月 16, 2024
Mining, Minerals, Natural Resources, Copper, Richards Bay Minerals, SPS, Completion, Weather, Safety, RBM, ERA, IOC, Gove, Tax, Rio Tinto, Rehabilitation, Oyu Tolgoi mine, Market access, Energy, Iron ore

In the Pilbara, we produced 77.9 million tonnes (Rio Tinto share 66.1 million tonnes) in the first quarter, 2% lower than the corresponding period of 2023.

Key Points: 
  • In the Pilbara, we produced 77.9 million tonnes (Rio Tinto share 66.1 million tonnes) in the first quarter, 2% lower than the corresponding period of 2023.
  • Shipments of 78.0 million tonnes (Rio Tinto share 66.1 million tonnes) were 5% lower than the first quarter of 2023.
  • Kennecott mined copper production was 7% higher than the first quarter of 2023 but 32% lower than the previous quarter, primarily, due to unplanned conveyor downtime.
  • All currency figures in this report are US dollars, and comments refer to Rio Tinto’s share of production, unless otherwise stated.

Horizon Copper Provides Portfolio Updates

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星期一, 三月 18, 2024
Environmental impact assessment, Molybdenum, Mining, Growth, Teck Resources, SSR, Zinc, Copper, Gold, News, Engineering, DDH, National instrument, NPI, Rio Tinto, Oyu Tolgoi mine, Reserve

VANCOUVER, BC, March 18, 2024 /PRNewswire/ - Horizon Copper Corp. (TSXV: HCU) ("Horizon Copper", "Horizon", or the "Company") is pleased to provide updates related to its portfolio of assets.

Key Points: 
  • VANCOUVER, BC, March 18, 2024 /PRNewswire/ - Horizon Copper Corp. (TSXV: HCU) ("Horizon Copper", "Horizon", or the "Company") is pleased to provide updates related to its portfolio of assets.
  • "The first quarter of 2024 has brought notable developments within our asset portfolio," commented Erfan Kazemi, Horizon's President & CEO.
  • As we move through 2024, we are looking forward to further advancements and updates from our world-class portfolio."
  • Horizon Copper holds a 1.66% net profits interest ("NPI") in the Antamina mine.

Production growth of 3% from focused investment in the health of our business; underlying EBITDA of $23.9 billion and full year ordinary dividend of 435 US cents per share

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星期三, 二月 21, 2024
Natural Resources, Manufacturing, Mining, Minerals, Steel, Copper, BHP, Rio Tinto, Electricity, Oyu Tolgoi mine, ESF, Growth, Female, Carbon accounting, Renewable energy, ESG, AP60, Tiwai Point Aluminium Smelter, Fatality, Climate change, Carbon, Safety, Health, Crash, CO2, Tinto, Tax, Microsoft Excel, Simandou, Boron, Heart, BlueScope, Cropping system, Wind, Partnership

We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.

Key Points: 
  • We continue to work closely with the authorities to support their efforts to understand the full facts of what happened.
  • This tragedy strengthens our resolve to never be complacent about safety, so that we continue to learn and improve.
  • Our balance sheet strength enables us to continue to invest with discipline while also paying an ordinary dividend of $7.1 billion, a 60% payout.
  • As part of our focus on Best Operator, we continue to roll out the Safe Production System across our business.

ENTRÉE RESOURCES ANNOUNCES FISCAL YEAR 2023 RESULTS and REVIEWS CORPORATE HIGHLIGHTS

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星期五, 三月 8, 2024
Hearing, Technical report, Conversation, Tribunal, Mining, Technical, ETG, Attention, Sandstorm Gold, Minority, Mineral, Copper, Rio Tinto, Oyu Tolgoi mine, Management, Toronto Stock Exchange, Rail transport, HNE, State, Panel, Partnership, Total, Aerodrome, Multilateral, National Instrument 43-101, Exchange, TSX, Capital, Government, National instrument, Shaft, Movement

VANCOUVER, BC, March 8, 2024 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its annual operational and financial results for the year ended December 31, 2023.

Key Points: 
  • VANCOUVER, BC, March 8, 2024 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its annual operational and financial results for the year ended December 31, 2023.
  • As at December 31, 2023, 86 Lift 1 Panel 0 draw bells had been opened, including 67 draw bells during 2023.
  • Construction of Primary Crusher 2 commenced in December 2023 and is expected to be completed by the end of 2025.
  • Technical studies for Panels 1 and 2 mine design and schedule optimization were completed by OTLLC during the second quarter 2023.

ENTRÉE RESOURCES ANNOUNCES PARTIAL DRILL RESULTS FOR HUGO NORTH EXTENSION AND PROVIDES UPDATE ON UNDERGROUND DEVELOPMENT WORK

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星期三, 二月 28, 2024
Metallurgy, Copper, Oyu Tolgoi mine, Metal, Gold, Orientation, Silver, AG, Printed circuit board

All of the analytical results shown above are only for the portions of the drill holes on the Entrée/Oyu Tolgoi JV Property.

Key Points: 
  • All of the analytical results shown above are only for the portions of the drill holes on the Entrée/Oyu Tolgoi JV Property.
  • Several of the holes were drilled as "daughter holes" (wedges) from a "parent hole" at varying distances along the hole.
  • Additional underground holes were drilled deeper, targeting the current mineralized footprint of Lift 2, and for geotechnical purposes.
  • The four surface holes were all collared near the north end of HNE and drilled steeply towards the northwest, targeting Lift 2.

Global Copper Mining Market Size Projected to Reach $11.17 Billion By 2030 as Investments in Infrastructure Jump

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星期四, 一月 11, 2024
EVS, Lundin Mining, FWB, Knowledge, Silver, Table, 3D, VMS, Construction, Rio Tinto, Technical report, LUMI, Learning, Heart, Culture, Zone, Mining, Copper, Zinc, Disclosure, Porcupine, MOST, Transport, Lens, PALM, Nickel, Senior, Oyu Tolgoi mine, MRE, Rio Tinto (corporation), Developed country, Gold, TSX, Technical, OTCQX, FIL, Exercise, Filo, JDS, Haines Borough, Alaska, Electronics, FCX, News, LUN, Urbanization, Molybdenum, Project, ITS

A report from Fortune Business Insights said that the global copper mining market size, which was valued at USD 8.44 billion in 2022 is projected to grow from USD 8.87 billion in 2023 to USD 11.17 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.

Key Points: 
  • A report from Fortune Business Insights said that the global copper mining market size, which was valued at USD 8.44 billion in 2022 is projected to grow from USD 8.87 billion in 2023 to USD 11.17 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.
  • Copper is essential for constructing infrastructure projects such as buildings, bridges, and electrical systems.
  • Hence, government initiatives and policies promoting infrastructure development can significantly boost the market.
  • The mining industry, mainly of copper, will likely increase significantly due to increased investment in construction and construction projects.

Rio Tinto invests with discipline to strengthen the performance of assets and grow

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星期二, 十二月 5, 2023
Natural Resources, Green Technology, Environment, Mining, Minerals, Copper, Culture, Heart, Rio Tinto, Tinto, Growth, Oyu Tolgoi mine, Iron ore

Rio Tinto Chief Executive Jakob Stausholm said: “We strongly believe we are well positioned in an opportunity rich world.

Key Points: 
  • Rio Tinto Chief Executive Jakob Stausholm said: “We strongly believe we are well positioned in an opportunity rich world.
  • There has never been greater demand for what we do, from mining to processing, and the work we are doing today is creating a stronger Rio Tinto for years to come.
  • Our people are at the heart of lifting our performance, and we are continuing to invest time and energy in building a stronger culture with a learning mindset.
  • “Our purpose and long-term strategy make more sense than ever, as we ensure Rio Tinto remains a strong investment proposition.

Mongolian US$350 million bond issue enhances country's reputation among investors

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星期五, 十二月 1, 2023
Terawatt, Ministry, Record, Bank, Exercise, Bank of Mongolia, COVID-19 pandemic, Ministry of Finance (Mongolia), Vision 2050 (Rwanda), Growth, Watt, Oyu Tolgoi mine, Transport, Security (finance), COVID-19

The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.

Key Points: 
  • The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.
  • The new bonds met with extremely strong investor demand with the order book reaching US$4.2billion at the peak and 293 investors participating.
  • The 12-times oversubscription of the orderbook allowed for a pricing flat to secondary market yields of Mongolia without any new issue premium.
  • 22% of participating investors are domiciled in the United States, 32% in Europe and Middle East, and 46% in Asia.

Mongolian US$350 million bond issue enhances country's reputation among investors

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星期五, 十二月 1, 2023
Terawatt, Ministry, Record, Bank, Exercise, Bank of Mongolia, COVID-19 pandemic, Ministry of Finance (Mongolia), Vision 2050 (Rwanda), Growth, Watt, Oyu Tolgoi mine, Transport, Security (finance), COVID-19

The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.

Key Points: 
  • The new US$350 million 7.875% due 2029 bond issue and tender achieved all stated objectives, reducing annual interest costs by more than US$3 million, and funding Mongolia's international bond obligations until the next maturity in April 2026.
  • The new bonds met with extremely strong investor demand with the order book reaching US$4.2billion at the peak and 293 investors participating.
  • The 12-times oversubscription of the orderbook allowed for a pricing flat to secondary market yields of Mongolia without any new issue premium.
  • 22% of participating investors are domiciled in the United States, 32% in Europe and Middle East, and 46% in Asia.

ENTRÉE RESOURCES ANNOUNCES THIRD QUARTER 2023 RESULTS

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星期五, 十一月 3, 2023
Government Palace (Mongolia), ETG, Partnership, Capital, Technical report, Mining, Toronto Stock Exchange, OTC Markets Group, Acquisition, Tribunal, Rio Tinto, Mineral, Panel, Corporate development, Government, Technical, Copper, Bank statement, National Instrument 43-101, Hearing, TSX, Hospital management committee, Oyu Tolgoi mine, Shaft, Multilateral, Minority, Conversation, State, National instrument, Conflict minerals law, NYSE American, NI, Management, Rare-earth element, Security (finance), Turquoise Hill Resources, List of generation II Pokémon

VANCOUVER, BC, Nov. 3, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the third quarter ended September 30, 2023.

Key Points: 
  • VANCOUVER, BC, Nov. 3, 2023 /PRNewswire/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the "Company" or "Entrée") has today filed its interim financial results for the third quarter ended September 30, 2023.
  • As at September 30, 2023, construction of conveyor to surface works was approaching 75% completion.
  • Shaft sinking continued during the third quarter 2023.
  • Full results from the 2023 in-fill program for Hugo North Extension are pending.