Rio Tinto
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COPPER-SILVER: Rio Tinto starts exploration at Janice Lake
SASKATCHEWAN – Rio Tinto has started exploration at Forum’s Janice Lake sedimentary copper-silver project in northern Saskatchewan. The major is earning up to an 80% interest in the project from Forum Energy Metals, which has optioned the property from Transition Metals. Crews have begun construction of the…
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Precious & Practical: Spotlight on Saskatchewan gold and base metals
A look at some of the gold and base metals projects being advanced in Saskatchewan.
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NICKEL-COPPER: Talon updates Tamarack PEA, increases NPV
MINNESOTA – An updated preliminary economic assessment released by Talon Metals for the 125-sq.-km Tamarack project, 87 km west of Duluth, suggests a net present value of US$291 million, at a 7% discount rate. When compared with the prior PEA…
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GOLD-SILVER: Vancouver royalty firm invests $3.5M in Rawhide mine
NEVADA – EMX Royalty announced that it has acquired, for $3.5 million, a 19.9% equity interest in Rawhide Acquisition Holding, a privately-held Delaware company that owns the Rawhide gold-silver mining operation in Nevada. In a press release, EMX said it…
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COPPER: Rio Tinto invests US$1.5 billion to extend Kennecott operations
UTAH – Rio Tinto has announced a US$1.5 billion investment over the next six years to extend production at its Kennecott copper operation to 2032. The funds will allow for development of the second phase of the South Wall Pushback…
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Turquoise Hill faces legal challenge at Oyu Tolgoi
Last week, Turquoise Hill Resources reported that a lawsuit previously lodged by a Mongolian non-governmental organization (NGO) group was apparently upheld by the country’s Administrative Court. The challenge, brought by NGO group Darkhan Mongol Nogoon Negdel, alleges due process was not properly…
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DIAMONDS: Shore finds potential partner in Rio Tinto
As recently as 2012, mining giant Rio Tinto had been publicly considering exiting the diamond space. But the company, which operates and owns 60% of the Diavik mine in the Northwest Territories, as well as the Argyle mine in Australia, was unable…
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ALUMINUM: NRC promotes more use of aluminum
A newly formed alliance called ALTec Industrial Research R&D Group is consolidating research efforts in the Canadian aluminium sector to develop innovative aluminium products for ground transportation vehicles. As a cost-effective and sustainable material, aluminum is increasingly being used to…
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Erdene rises on Bayan Khundii gold discovery in Mongolia
VANCOUVER — Erdene Resource Development’s (TSX: ERD; US-OTC: ERDCF) interest in Mongolia dates back to the late 1990s, and so it has experienced the good and bad times in the oft-volatile country. The company’s dedication may be about to pay off, however, due to its wholly owned Bayan Khundii…
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Rio Tinto could be ready for a Turquoise Hill takeover, analysts say
VANCOUVER — It’s not a secret that many in the mining community are pretty bullish on copper’s long term prospects. There’s some disagreement over the timeline for recovery, but typical analyst models assume a supply deficit for the red metal…
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Forum CEO touts ‘very exciting’ year on the Athabasca
VANCOUVER — It’s not shaping up to be a particularly active year for the exploration community, but Forum Uranium (TSXV: FDC; US-OTC: FDCFF) is bucking the trend with a pair of drill programs it hopes will lead to another major…
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ALUMINUM: Modernized Kitimat smelter begins production
BRITISH COLUMBIA – International diversified miner Rio Tinto is preparing the first shipments of aluminum from its modernized Kitimat smelter.
