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Rio signs $51 million earn-in on Zambia copper deposits

Rio signs $51 million earn-in on Zambia copper deposits

Rio Tinto has entered into an earn-in and joint venture agreement with Vancouver-based junior Midnight Sun Mining, under which the Anglo-Australian miner can earn up to a 75% interest in the latter’s Solwezi licenses. The Solwezi licenses comprise two individual...
Rio Tinto boosts budget for Citadel copper project

Rio Tinto boosts budget for Citadel copper project

Rio Tinto will spend a further A$9.2 million ($5.9m) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals, in Western Australia’s Paterson Province. The earmarked budget for this year is well above the previous commitment of...
Vale resumes Creighton operations after earthquake

Vale resumes Creighton operations after earthquake

Vale has confirmed a 3.6Mn earthquake at 3:10 a.m on the 8,070 foot level of its Creighton mine in Sudbury, Ontario. The event was felt in the community and was recorded by Earthquakes Canada. Vale confirmed that the seismic event occurred after a development blast....
MMG copper output sinks on Peru force majeure

MMG copper output sinks on Peru force majeure

Australia-based MMG saw copper production decline 20% in the first three months of the year, compared to the same period in 2019, after declaring force majeure at its Las Bambas mine in Peru amid coronavirus-related restrictions. The company, majority-owned by...
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