Vancouver, Kelowna, Delta, BC – September 14, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO’s and leading experts.
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Exploring Mining Podcast 299 – News from (NYSE: RIO) (NYSE: AA) (NYSE: SA) (NYSE: EXK)
Rio Tinto Group (NYSE:RIO) is entering into a joint venture with China Baowu Steel Group Co. Ltd for the development of the Western Range iron ore project in the Pilbara, Western Australia. Western Range already boasts an annual production capacity of 25 million tonnes of iron ore. Simon Trott, Rio Tinto’s Chief Executive of Iron Ore, said:
“This is a very significant milestone for both Rio Tinto and Baowu, our largest customer globally. We have enjoyed a strong working relationship with Baowu for more than four decades, shipping more than 200 million tonnes of iron ore under our original joint venture, and we are looking forward to extending our partnership at Western Range.”
Alcoa Corporation (NYSE:AA) has announced new innovations in alloy development and deployment, which according to the press release strengthen “its position as a supplier of advanced aluminum alloys.” This includes the introduction of a new high-strength, 6000 series alloy, called A210 ExtruStrong, and the recognition of the firm’s C611 EZCast alloy. Kelly Thomas, Alcoa’s EVP and Chief Commercial Officer, said:
“Aluminum is a material of choice for the low-carbon future, and alloy innovations such as A210 ExtruStrong and C611 EZCast are key to providing fit-for-purpose solutions that help automotive and industrial customers drive down costs and achieve their sustainability ambitions. Innovating new aluminum alloy technologies that can be used in sustainable applications like electric vehicles aligns with our vision to reinvent the aluminum industry for a sustainable future.”
Seabridge Gold Inc. (NYSE:SA) has received its Class 4 Quartz Exploration Permit from the Yukon Government Department of Energy, Mines, and Resources for its 100% owned 3 Aces project in Canada’s Yukon territory. This permit allows the company to conduct a gold focused exploration program and to begin drilling. Rudi Fronk, Seabridge’s Chairman and CEO, explained that “work by previous operators established the presence of high grade gold material but results were inconsistent along strike and at depth.” He went on to comment:
“We think our new model may be able to resolve the continuity issue and prepare us for a much larger resource delineating program next year.”
Endeavour Silver Corp. (NYSE:EXK) has entered into an agreement to sell a 100 percent interest in its wholly owned subsidiary Minera Oro Silver de Mexico, (MOS), to Grupo ROSGO for $5 million USD. MOS includes both the El Compas property and the lease on the La Plata processing plant in Zacatecas, Mexico. Dan Dickson, Endeavour’s CEO, said:
“We are pleased with the sale of El Compas to Grupo ROSGO as it streamlines our project portfolio and frees up management time to focus on advancing our extensive growth pipeline, including the Terronera project and Pitarrilla.”
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