Point Roberts, WA and Delta, BC – May 25, 2021 (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 Episode 170 – News from (NYSE: RIO) (NYSE: NGD) (NYSEAmerican: GPL) (TSXV: RMI)
Rio Tinto Group (NYSE:RIO) has signed a Memorandum of Understanding (MoU) with European battery technology and manufacturing company InoBat “to accelerate the establishment of a “cradle to cradle” battery manufacturing and recycling value chain in Serbia.” Marnie Finlayson, managing director of Rio Tinto’s borates and lithium businesses, explained:
“This collaboration with InoBat will enable an important exchange of knowledge and information on lithium processing, recycling and technologies for the next generation of batteries. It is a visionary initiative and one that is aligned with Rio Tinto’s commitment to partnerships that provide solutions to combat climate change.”
New Gold Inc. (NYSE:NGD) has announced that “the Mines Act permit enabling mining of the B3 zone was issued by the Ministry of Energy, Mines and Low Carbon Innovation.” The company’s President and CEO, Renaud Adams, explained:
“This is a significant milestone for the New Afton Mine. With the receipt of the B3 permit, ore extraction activities will begin this quarter and ramp-up over the year. C-Zone development continues to advance with C-Zone extraction expected to begin in the second half of 2023.”
Great Panther Mining Limited (NYSEAmerican:GPL) has provided an operational update for its wholly-owned mining operation, Tucano, in Brazil. Mining operations at the Urucum Central South (UCS) open pit of the operation have been temporarily halted to ensure workers’ health and safety following the detection of wall movements brought on by above seasonal average rainfall. Rob Henderson, President & CEO of Great Panther, said:
“We are working with our consultants to make operations safe, with the expectation that mining of the higher-grade gold ore in the UCS pit will start back up again in the third quarter of this year. As a consequence, 2021 consolidated guidance is being reduced by 10,000 ounces to 125,000 to 140,000 gold equivalent ounces.”
Ridgestone Mining Inc. (TSXV:RMI) has started permitting for drill programs at both the Guadalupe y Calvo (GyC) gold-silver project in Chihuahua State and the Rebeico copper-gold project in Sonora State, Mexico. CEO Jonathan George said:
“We are excited to advance both projects to allow for drilling later this year. The maiden resource tabled for our GyC gold-silver project represents the beginning of a much larger story for the Company. At Rebeico, we are highly encouraged by the preliminary results from the recently-completed exploration program and look to announce assay results in the coming weeks. Our team has identified a number of highly-prospective new target areas, including the past-producing El Cobre copper mine, which has seen little to no modern-day exploration.”
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