#Rio Tinto Deals

[newsmarketreports]

Rio Tinto Deals: Unearthing the Mining Company's Strategic Investments for the Future

Rio Tinto is a global mining and metals corporation renowned for its extensive operations in diverse geological terrains and its commitment to sustainability. This article delves into Rio Tinto's strategic deals and partnerships that have been pivotal in driving the company's growth and maintaining its leadership in the mining industry.

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Introduction to Rio Tinto

Founded in 1873, Rio Tinto has grown into one of the world's largest mining companies, with headquarters in London, UK, and Melbourne, Australia. The company operates in over 35 countries, extracting and processing minerals essential for modern life, including iron ore, aluminum, copper, and diamonds. Rio Tinto's strategic approach to deals and partnerships has significantly contributed to its expansive portfolio and global reach.

Key Strategic Deals and Partnerships

Rio Tinto's success is underpinned by its strategic deals and partnerships that enhance its operational capabilities, technological advancements, and sustainability initiatives. Here, we explore some of the most significant deals and partnerships that have shaped Rio Tinto's journey.

Joint Ventures and Collaborations

Joint ventures and collaborations have been crucial for Rio Tinto to share resources, expertise, and risks, enabling it to undertake large-scale mining projects and expand its market presence.

Oyu Tolgoi (Mongolia)

One of Rio Tinto's most notable joint ventures is the Oyu Tolgoi copper and gold mine in Mongolia. Partnering with the Government of Mongolia and Turquoise Hill Resources, Rio Tinto has developed one of the world's largest known copper and gold deposits. This collaboration has not only boosted Rio Tinto's copper production but also contributed significantly to Mongolia's economy.

Simandou (Guinea)

The Simandou iron ore project in Guinea is another significant venture. Rio Tinto has partnered with Chinese firms, including Chinalco and Baowu Steel Group, to develop this world-class iron ore deposit. This partnership aims to create a fully integrated mine-to-market solution, enhancing Rio Tinto's iron ore production capabilities and contributing to Guinea's economic development.

Technology and Innovation Partnerships

To stay at the forefront of the mining industry, Rio Tinto has formed partnerships focused on technology and innovation, enhancing its operational efficiency and sustainability efforts.

Komatsu and Caterpillar

Rio Tinto's collaboration with heavy equipment manufacturers Komatsu and Caterpillar has led to the development and deployment of autonomous haulage systems (AHS). These automated trucks improve safety and productivity in Rio Tinto's mining operations, reducing costs and environmental impact.

Inmarsat

Partnering with Inmarsat, a global satellite communications company, Rio Tinto has enhanced its remote monitoring and control capabilities. This partnership enables real-time data collection and analysis, optimizing mining operations and ensuring better decision-making processes.

Sustainability and Environmental Initiatives

Rio Tinto is committed to sustainable mining practices, and its partnerships in this area are designed to minimize environmental impact and promote community development.

Tsinghua University

Rio Tinto's partnership with Tsinghua University in China focuses on developing sustainable mining technologies and practices. This collaboration aims to address environmental challenges and improve resource efficiency in mining operations.

Elysis

In a joint venture with Alcoa and with support from the governments of Canada and Quebec, Rio Tinto established Elysis. This initiative aims to develop the world's first carbon-free aluminum smelting process, significantly reducing greenhouse gas emissions and setting new sustainability standards in the aluminum industry.

Acquisitions and Divestments

Strategic acquisitions and divestments have allowed Rio Tinto to optimize its portfolio, focusing on core assets and divesting from non-core operations.

Turquoise Hill Resources

In a strategic move to strengthen its position in the copper market, Rio Tinto increased its stake in Turquoise Hill Resources. This acquisition aligns with Rio Tinto's goal to become a leading copper producer, leveraging the significant potential of the Oyu Tolgoi mine.

Coal Assets Divestment

As part of its commitment to sustainability and reducing its carbon footprint, Rio Tinto divested from its coal assets, including the sale of its stake in the Kestrel and Hail Creek coal mines. This divestment reflects Rio Tinto's strategic shift towards cleaner energy sources and responsible mining practices.

Impact of Strategic Deals on Rio Tinto's Growth

The strategic deals and partnerships pursued by Rio Tinto have had a profound impact on its growth and market position. These initiatives have enabled the company to enhance its production capabilities, adopt cutting-edge technologies, and uphold its commitment to sustainability.

Enhanced Production Capabilities

Joint ventures and acquisitions have expanded Rio Tinto's access to high-quality mineral deposits, boosting its production capabilities and ensuring a steady supply of essential minerals to the global market.

Technological Advancements

Partnerships focused on technology and innovation have positioned Rio Tinto as a leader in the adoption of autonomous systems and remote monitoring technologies. These advancements have improved operational efficiency, safety, and cost-effectiveness.

Sustainability Leadership

By investing in sustainable mining practices and divesting from non-core, high-carbon assets, Rio Tinto has demonstrated its commitment to environmental stewardship. Partnerships like Elysis highlight the company's role in pioneering sustainable technologies that reduce the industry's environmental impact.

Conclusion

Rio Tinto's strategic deals and partnerships have been instrumental in shaping its success and maintaining its leadership in the mining industry. Through joint ventures, technology collaborations, sustainability initiatives, and strategic acquisitions, Rio Tinto has enhanced its operational capabilities, embraced innovation, and reinforced its commitment to responsible mining. These strategic moves continue to drive Rio Tinto's growth, ensuring its position as a global mining powerhouse.

[nrspeculator]

Australia’s Aboriginal groups gaining bigger voice in new energy deals

Australia’s Indigenous groups are taking equity stakes in the growing renewable energy industry as they seek to protect their community interests, prevent encroachment and obtain a bigger share of the profits in what is built on their lands. Aboriginal groups have so far had limited say in mega-projects rolled out across Indigenous lands, at times eroding or destroying traditional landscapes, as…

[fatehbaz]

the very Sacred Oak Flat is in danger of becoming an open pit copper mine. turning a sacred site into a 1000-ft pit. Apache Leap, ancient petroglyphs, extremely important rituals since time began; these things are Oak Flat. the federal government is ignoring many legal protections as well, including 200 yr old treaty promising to protect the land forever, national park designation, and on the national register of historic places. this project is so, so evil. I want people to know about it. Please read, talk, care about it.

Nice, thank you. The impending destruction of Chi'chil Bildagoteel by the US government and one of the planet's most infamous mining companies.

Over the past 3 years, I’ve written here about defense of Oak Flat, also called Chi'chil Bildagoteel by Chiricahua Apache from San Carlos reservation. (A summary of the site’s importance and history. A summary of the legal challenges to the mine. A summary of Apache Stronghold and other Indigenous-led campaigns. A photo collection featuring Indigenous-led actions in February 2021.) But all of these posts predate the developments that have occurred from the beginning of 2022 until now (March 2023). And the legal case, the fate of the site, is about to be settled this very month.

Well, then, there’s Rio Tinto, the copper mining leviathan, despised across the planet, bane of Australia, so-called Rhodesia, Latin America, Papua, etc. They're the second-largest metals/mining company on the planet. For well over a century, open-pit copper mines have been infamous for the scale of their destruction and I like how you describe it: giant pits, gaping wounds. Oak Flat is destined to belong to Resolution Copper, a subsidiary of Rio Tinto. Just before widespread news of Rio Tinto’s interest in Oak Flat, Rio Tinto had earned an especially-notorious reputation for destroying Indigenous/Aboriginal sites in Australia. A summary of the news about the “atrocity” at Juukan Gorge, when in May 2020, Rio Tinto destroyed an important sacred cultural site containing Indigenous shelters over 45,000 years old, and Rio Tinto leaders apparently had foreknowledge of the area’s cultural importance. Here’s a look at what is perhaps the oldest surviving human art on the planet, some petroglyphs and shelters up to 50,000 years old, being destroyed by the truly astonishing scale and diversity of destructive mining operations in Western Australia. And here’s a look at many other ancient and modern Indigenous sacred sites being destroyed by mining in that region.

Sacred Land Film Project put together some informational graphics:

Anyway, a basic summary.

Originally, this mine was kinda known as, like, “the John McCain Land-Grab Deal” because Senator McCain sold out the state of Arizona and Indigenous people by basically promising a formal transfer of land and the creation of what would become a major mining site at Oak Flat. Mining in the Oak Flat area was technically prohibited decades earlier by an Eisenhower presidential/executive order, but in December 2014, McCain sneaked a hidden last-minute rider onto a must-pass defense spending bill.

In May 2020, Rio Tinto gets caught destroying those sites at Juukan Gorge.

So, in October 2020, Indigenous activists discovered that the supposed date of the land transfer finalization had been quietly and suddenly moved up like a full year, meaning that the site might have become a mine beginning in December 2020 or January 2021.

At this point, the Oak Flat mine was becoming known as, like, “Trump’s Rushed/Hurried Mining Deal,” since the Trump presidential administration seemed to want to quickly act on the mine before any potential presidential transfer of power might occur in January 2021, “just in case” they lost the November 2020 election.

So this is when Apache Stronghold and other Native advocates really started finally getting national recognition in headlines. They organized a Day of Action and statewide events around the Solstice in 2020, and by January 2021, they had forced the case into court.

In the January 2021 case of Apache Stronghold v. United States, an Arizona judge ruled against Native advocates, but advocates got the case heard by the 9th Circuit Court of Appeals. While the case was being argued, in February 2021, Apache Stronghold also participated in a newsworthy relay from Oak Flat to the courthouse in Phoenix, when Native advocates held a candlelight vigil.

But in March 2021, the US Forest Service announced that it was temporarily withdrawing its environmental impact assessments for the land transfer, putting the mine on hold.

In October 2021, the three judges on the appeals court ruled against Apache Stronghold again.

Over a year later, in November 2022, the court then announced something unusual: The court was willing to rehear the case en blanc (before a panel of all 11 judges).

And now, “Biden’s attorneys” will be arguing against Apache Stronghold and for the land transfer.

Throughout this entire process, Apache Stronghold has consistently been vocal, active, and dedicated to stopping it.

Here are some headlines from the past couple of years:

And from March 2023, this headline, one more time, for impact:

So, beginning on 21 March 2023, the case is being heard, again, for what is presumably the final time, with US government attorneys arguing that the land will belong to the mining companies by summer 2023.

[anonymoushouseplantfan]

Samantha Cohen is attacked by the sugars as being weak, incapable etc. yet look at her resume

Chief of Staff to the global CEO of Rio Tinto

Co-Founder & Deputy Chair of The Queen's Green Canopy

Director of the Office of the Prime Minister: Downing Street

Chief Executive of Commonwealth Enterprise and Investment Council

Deputy and Assistant Private Secretary to HM The Queen

Communications Secretary to HM The Queen

Deputy Communications Secretary to HM The Queen

Assistant Communications Secretary to The Queen

I haven’t seen those comments. I Donny understand why they would be mad at Sam. Sam keep Meghan’s reputation afloat during her first year, which was an amazing pr feat given all the dad drama and celebrity hijinks.

It was impressive while it was happening and it’s even more impressive now that we know everything Sam had been keeping a lid on. They were planning Megxit since the wedding, and they were negotiating deals with Netflix and the publishers. She was mistreating the staff and fighting with Will and Kate. Plus she was writing her memoir and documenting their lives, plus she was fighting with UN Women, ghosting celebrities, alienating aristos, and causing chaos during the tours. Plus the merching. Plus the drug use.

There were rumors about this all over social media. The reporters had to know about it. Heck, Rebecca English flat out saw Amy Pickering weeping in a car.

And none of it got out! Sam Cohen finessed all of it. We could see there was a problem. We could see Will scarfing Meghan. We could feel the tension during the foundation forum. We could see hatless Meghan flouting protocol. We could see the giggly demeanor and the unfocused pupils. We could see Harry’s friends weren’t invited to the reception. And yet it all got spun by Sam. Sam Cohen won the Olympics of Public Relations during Meghan’s tenure with the royals.

I focus on weird details so my favorite example of this was the Castle Mey visit after the wedding. It was clear to me that Charles called them to Castle Mey to tell they had to deal with her father who was giving post-wedding interviews complaining about how he was treated, but it was spun as Charles being super-supportive and wanting to give Meghan a nice break. It wasn’t until Tom Bowers’ book cam out that we found out that indeed they were scolded at Castle Mey

Ditto Sandringham. We could feel the relationship was breaking down. We could see Meghan leaking Amner Hall details to People. We could practically fell Will’s disdain, and yet Sam got the reporters to focus on the Fab Four nonsense. It wasn’t until the tiara story broke out that reporters confessed they knew there were tensions during Christmas and they just didn’t my tell us about them.

That’s an amazing PR job. Literally everyone in London knew there was a problem—aristos, charities, diplomats, brands, celebrities—and yet Sam managed to keep it out of the press. With her dad and sister out there giving interviews at the drop of a hat!

[leprivatebanker]

Arcadium deal to vault Rio Tinto into lithium supplier big league

[accapitalmarket]

UK100 rebounds, GBPUSD edges lower

UK stocks bounced back on Wednesday, recovering after big falls in the previous session despite big falls on markets in China where additional stimulus disappointment weighed on the mood.

Chinese authorities think that the country could achieve its 5% growth target with the stimulus measures that have already been announced, but investors are cautious. China's finance minister will hold a briefing this weekend focused on fiscal policy after introducing a recent slew of measures aimed at reversing an economic slump.

Oil prices extended falls made on Tuesday amid the additional China stimulus disappointment. UK Brent crude fell another 0.9% to 76.52.

On foreign exchanges, the pound managed to edge higher against the euro, up 0.11% at 1.1946. But sterling was weaker against the US dollar, down 0.218% at 1.3068 as traders awaited the release this evening of minutes from the September Federal Open Market Committee when the US central bank cut interest rates by 50 basis points (bp), its first move in this current cycle.

GBPUSD H1

More important, however, will be the latest US CPI inflation numbers, due to be released tomorrow, which will influence future interest rate reductions. Hopes for another 25 bp point move in November having been dented by stronger than expected US payrolls data last week.

At the stock market close in London, the blue-chip FTSE 100 index was up 0.7% at 8,243 and the broader FTSE 250 index rose 0.9% to 20,822.

Among the blue-chip movers, M&A was a focus. Paper and packing firm Mondi was 4.0% higher after announcing a deal to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging for an enterprise value of 634 million euro, which will be financed from Mondi's existing facilities.

But miner Rio Tinto lost 2.3% after confirming plans to buy US firm Arcadium Lithium in a $6.7 billion all-cash deal to become the world's third-largest lithium producer.

Housebuilder Vistry, off 2.0% was a FTSE 100 faller for a second day after a profits warning on Tuesday, coming under further pressure following a share price target cut by analysts at Deutsche Bank.

However, after falls itself on Tuesday following news of a clampdown by water regulator Ofwat, United Utilities recovered 1.4% boosted by an upgrade to outperform from sector perform from analysts at RBC Capital.

UK100 H1

Away from the blue-chips, customer engagement software provider Netcall rose 1.8% after posting an 8.4% increase in revenue and a 58% jump in pretax profit for the full year to June 30, 2024.

But Revolution Beauty dropped 11.7% after reporting a 20% sales decline in the six months to August 31, 2024, even though it assured shareholders that growth is set to return later in the year and annual profits would be in line with the last numbers.

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[truuther]

Exclusive: Rio Tinto in talks to buy lithium miner Arcadium, sources say

[nawapon17]

XCMG to supply equipment for Simandou iron ore project

[sa7abnews]

Serbian president says he received coup warning from Russia

New Post has been published on https://sa7ab.info/2024/08/16/serbian-president-says-he-received-coup-warning-from-russia/

Serbian president says he received coup warning from Russia

Aleksandar Vucic has said the security services are working on leads provided by Moscow

Russia warned Serbia about a potential coup attempt, President Aleksandar Vucic told journalists on Friday. His statement came a day before an expected protest in the nation’s capital. According to Vucic, Serbia’s Security Intelligence Agency (BIA) is already acting on the leads provided by Moscow. “We received official information from the Russian Federation, information transmitted and brought through official channels,” the president said, adding that the authorities “are dealing with it” and there is no reason to worry. Vucic did not elaborate on where the threat comes from or who is behind it. “Serbia is moving forward and they cannot and will not stop it,” he said Earlier, Serbian news outlets reported that the Russian security services warned Vucic about riots that are being planned in Serbia with the ultimate goal of overthrowing the nation’s leadership.

Read more

Kremlin speaks out on attempted Serbian ‘Maidan’

Serbian daily Vecernje Novosti said on Friday that it obtained a “color revolution handbook” supposedly published for participants of ecological protests expected on Saturday. The handbook describes methods reminiscent of color revolutions in other nations, the outlet claimed, adding that the protests are likely to be coordinated from “centers of power” abroad, but did not accuse anyone in particular. The news comes as the nation braces for ecological protests this weekend. In July, there was a standoff between eco-activists and the government over a lithium mine project. Last month, Belgrade granted British-Australian company Rio Tinto a license to develop a lithium mine in the Jadar region in the western part of the country, which is set to become the biggest in Europe, according to Reuters. The project did not sit well with local farmers and villagers, who argued that the mine would severely pollute the surrounding area. Activist and farmer Zlatko Kokanovic told Reuters that the mine would “free the European Union from reliance on China” regarding lithium at the expense of people’s health.

READ MORE: Serbia and US are ‘historical allies’ – Vucic

The government believes the $2.4 billion Jadar lithium project will be a major boost for the economy. The mine could account for 90% of the EU’s needs for lithium, according to Reuters. Protesters have demanded that the government ban lithium mining in Jadar by August 10, saying they will announce their next steps at a rally on Saturday.

[head-post]

Thousands protest Serbia’s lithium mining agreement with EU

Thousands of people gathered in several Serbian cities to protest a lithium excavation project signed with the European Union, according to AP News.

Protests took place simultaneously in the western town of Šabac and the central towns of Kraljevo, Aranđelovac, Ljig, and Barajevo. Demonstrators followed similar gatherings in other Serbian cities in recent weeks.

The agreement reached earlier this month on “critical raw materials” could reduce Europe’s dependence on China and push Serbia, which has close ties with Russia and China, closer to the EU. German Chancellor Olaf Scholz attended the summit in Belgrade.

However, the deal has been strongly criticised by environmentalists and opposition groups in Serbia. They argue that it will cause irreversible damage to the environment but bring little benefit to its citizens.

Serbia’s largest lithium reserve is in the western valley, rich in fertile land and water.  Multinational Rio Tinto company started an exploration project in the area a few years ago, which caused huge opposition, forcing it to suspend operations.

Earlier this month, Serbia’s Constitutional Court overturned a previous government decision to cancel a $2.4 billion mining project. This opened the way for the British-Australian mining company in the Jadar valley to revive the plan.

President Aleksandar Vučić stated that any excavation would not begin until 2028 and that the government would seek firm environmental guarantees before allowing mining. Some government officials also hinted that a referendum might also be held on the issue.

Protesters who gathered in Serbian towns on Monday said they did not trust the government and would not allow the excavations to continue. In Šabac, demonstrators waved Serbian flags and marched through the town after the rally.

Read more HERE

[arjunsingh66]

Arjun Singh Analysis: New Trends and Future Opportunities in the Global Copper Mining Market

With the development of the global economy and technological advancements, copper, as a crucial industrial metal, plays an indispensable role in various sectors. Recently, mining giants like BHP and Rio Tinto have contemplated increasing their acquisition bids for Anglo American, indicating a high regard for copper mining resources. Arjun Singh from Singer Finance Academy points out that this trend not only reflects the strategic value of copper resources but also foreshadows a series of changes in the future global mining market.

Background and Drivers of Global Copper Mining Mergers and Acquisitions

The growth in global copper demand has driven mining giants to vie for copper mining resources. Arjun Singh notes that copper is widespread applications, from electric vehicles to renewable energy production, make it a key metal in the global economic transition. Particularly with the promotion of electric vehicles and clean energy, copper demand is expected to continue to rise. Additionally, the global pursuit of sustainable resources is accelerating. In such a market environment, BHP is proposed acquisition of Anglo American aims to optimize its global supply chain and enhance market competitiveness through resource integration. This strategic move not only demonstrates its keen insight into market trends but also reflects the proactive preparation of enterprises for future market changes.

Global Impact and Investment Prospects of the Copper Market

Copper is market impact is extensive, with its price fluctuations and supply stability directly affecting the global economy. Arjun Singh is analysis indicates that against the backdrop of global economic recovery, there is a significant growth trend in copper demand. Especially in infrastructure construction and technological innovation, the application of copper is increasing. Furthermore, the global emphasis on environmental protection and sustainable development has also raised demand for environmentally friendly materials like copper. Investors need to pay attention to the geopolitical risks of copper mining resources and policy changes in relevant countries, as these factors could have a significant impact on copper prices and investment returns. Arjun Singh believes that understanding these market dynamics and policy environments is crucial for seizing investment opportunities and mitigating potential risks.

Risk Management and Strategic Recommendations Proposed by Arjun Singh

In the intensifying competition in the global copper mining market, Arjun Singh from Singer Finance Academy emphasizes that investors and companies must adopt effective risk management strategies to deal with uncertainties. Arjun Singh suggests that before considering entry into copper mining investment, investors should carefully assess the project is geographical location, political environment, legal risks, and market demand volatility. Additionally, diversifying investment portfolios can effectively mitigate risks in a single market, while leveraging advanced technologies for resource extraction is recommended to improve efficiency and environmental performance. In conclusion, a thorough understanding of market dynamics, prudent evaluation of investment projects, and the formulation of flexible response strategies are key to ensuring the success of copper mining investments.

[colitcomedia]

Discovery-Driven Value Creation: Unlocking Investor Opportunities in Platina Resources' Gold Projects

PLATINA RESOURCES (ASX: PGM) is a gold exploration company with promising projects in Western Australia. Its portfolio encompasses seven gold projects in the Ashburton Basin and Yilgarn Craton, spanning a land area of 1,487KM². With a solid history of successful exploration and drilling, the Company possesses ample funding to execute its strategic plans. The Projects are strategically situated in highly favorable regions, offering the potential for significant discoveries. PLATINA RESOURCES boasts advanced exploration and drilling capabilities, supported by an experienced team that excels in exploration and acquisition execution. Given its advantageous position in the current gold market, the Company is well-prepared to achieve substantial breakthroughs. Mr Corey Nolan, the Managing Director of Platina Resources, recently delivered exciting updates on the Company’s gold-focused projects through a recently published INVESTOR’S PRESENTATION.

Platina Scandium Project sold for US$14 million

Platina Resources Limited has entered into a legally BINDING AGREEMENT with a subsidiary of Rio Tinto Ltd to transfer its highly promising Platina Scandium Project for US$14 million. The Platina Scandium Project is a significant global deposit of scandium known for its outstanding quality and the potential to become Australia’s first scandium producer. It also holds valuable cobalt and nickel resources.

According to the agreement, upon the successful completion of the transaction, Platina Resources will receive a cash payment of US$8 MILLION. Additionally, there will be a warranty retention payment of US$1 million, which Rio Tinto will repay after 30 months. As part of the deal, Platina Resources may also receive up to US$6 million in cash payments contingent upon Rio Tinto meeting specific project milestones, such as granting a Mining Lease. This agreement reflects the strong commercial viability of the Platina Scandium Project and highlights Platina Resources’ leading position in scandium exploration.

The finalisation of the transaction depends on obtaining the necessary approval from the NSW Ministerial Consent, which is expected to be concluded soon.

Mr Corey Nolan, Managing Director of Platina Resources, said, “This transaction with Rio Tinto will also allow Platina shareholders to benefit from an injection of new funding to advance its extensive gold portfolio and pursue other more advanced project opportunities without shareholder dilution.“

Gold Focus Transformation of Platina Resources

Platina Resources has transformed its strategic focus from platinum to gold, positioning the Company to capitalize on the solid momentum in the gold market. The scandium sale has boosted the implied value of its Western Australia gold projects, including Xanadu, Brimstone, Beete, Binti Binti, Challa, Mt Narryer JV, and Jubilee.

Before exploring individual gold projects, it’s crucial to acknowledge the favorable gold price environment. As of June 9, 2023, the gold price stood at AUD 3,000 PER OUNCE and USD 2,250 PER OUNCE. The upward trajectory of gold prices enhances the potential returns for investors, making this an opportune time to participate in Platina Resources’ gold exploration endeavors.

Exploration Projects and Drilling Plans of Platina Resources

Platina Resources has three key gold projects scheduled for drilling in 2023: BRIMSTONE, XANADU, AND BEETE. These projects are strategically located in the Ashburton Basin and Yilgarn Craton, renowned for their rich mineral endowment. The vast tenement package spanning 1,487 KM² provides an extensive area for exploration and discovery.

Brimstone Project

The BRIMSTONE PROJECT, located 40km northeast of Kalgoorlie Eastern Goldfields in the Yilgarn Craton, is close to the high-grade Penny’s Find deposit. Historical drilling has revealed extensive gold mineralization, with interpreted geological structures covering approximately 10km of strike length. Brimstone states numerous walk-up drill targets, and the planned reverse circulation drilling in July 2023 will test mineralization at depth and along strike at Brandy, Garibaldi, Old Camp, and Billabong North prospects.

Xanadu Project:

Xanadu Project is situated 29 km south of Parabardoo in the Ashburton Basin. The Project benefits from its proximity to the 1.44MOZ Mt Olympus Gold deposit. The Project shares a similar structural and geological setting to the Mt Olympus deposits located 10 km northwest, indicating significant potential. Rock chip assays have indicated gold values of up to 1.98G/T AU. The upcoming systematic exploration program aims to unlock the Project’s full potential by targeting shallow oxide mineralization and deeper structural targets. Planned activities include the Hermes rock chip and mapping program, cultural heritage approvals, reverse circulation drilling, and diamond drilling at Xanadu West.

Beete Project:

The BEETE PROJECT is 10 km south of the Scotia Mining Centre, which has a significant gold resource of 1 million ounces and is located north of the recently discovered Salmon Gums deposit. The Beete Project, positioned 42km south of Norseman in the Yilgarn Craton, offers substantial gold, lithium, and nickel potential. The Project benefits from its location near the Norseman Greenstone Belt, known for its historical gold production of over 5 million ounces. Aircore and reverse circulation drilling programs are planned in Beete Project for the fourth quarter of 2023, targeting the extension of known gold mines and prospective areas near Scotia Mining Centre and Salmon Gums.

In summary, Brimstone, Xanadu, and Beete are three gold projects that offer substantial potential for gold mineralization, featuring extensive areas for exploration and promising opportunities for discovery.

Financial Overview and Market Dynamics from the Investor’s Presentation

Platina Resources maintains a solid financial position, with a market capitalization of approximately A$16.2 MILLION. As of March 2023, the Company had A$1.3 MILLION IN CASH, and as of June 16, 2023, its investments totaled A$2.36 MILLION. With the recent sale of the scandium project and the injection of new funding from Rio Tinto, Platina is well-positioned to drive value creation through exploration and development activities.

The current market dynamics, characterized by solid gold price momentum, further enhance the investment outlook for Platina Resources. As of June 20, 2023, the gold price stood at A$2,870.45 PER OUNCE, reflecting positive market sentiment and an attractive backdrop for gold exploration and production companies.

As Platina Resources continues its journey towards unlocking the hidden treasures in the Ashburton Basin and Yilgarn Craton, it positions itself as an attractive investment proposition with substantial upside potential.

[oriensonmetal]

Top Metal Stamping Companies in the UK in 2022

The importance of metal stamping has been on the increase for several years and that we square measure currently one supply for a range of complicated comes. We have detected that there square measure a great deal of prestigious brands everywhere the planet, particularly within the UK. They are noticeably centered on quality instead of amount and from our expertise, I will assure you that they are doing a good job. We managed to compile an inventory of the highest ten metal stamping firms within the UK that may vary in quality. It took a while to dig them out, however we will say that they're a number of the foremost prestigious firms within the state.

Rio Tinto Group

RIO TINTO GROUP is UK and Australia based Metals and Mining Company. The company was founded in 1873 when of a group of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government. It has grown through a long series of mergers and acquisitions. Company producing major products are aluminum, copper, diamonds, gold, industrial minerals (borates, titanium dioxide and salt), iron ore, and uranium. Rio Tinto had around 49,000 employees around 35 countries as on 2021.

[colitcollp]

[leprivatebanker]

Rio Tinto Agrees to $6.7 Billion Arcadium Deal. Why It’s Buying the Dip in Lithium.