#ExploringMining #Podcast – #Mining
#Stocks News from (NYSE: $RIO) (NYSE: $NEM) (NYSE: $GOLD) (TSX: $TLO.TO)
Point Roberts WA, Delta
BC, March 17, 2019 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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Rio Tinto Group (NYSE:RIO) has provided an update on the Oyu Tolgoi mine in Mongolia,
indicating that it is continuing to operate and deliver shipments of copper
concentrate to its customers in accordance with restrictions from Mongolian
authorities imposed to contain the spread of COVID-19. Rio Tinto Copper &
Diamonds chief executive Arnaud Soirat, explained:
"Our
focus is on ensuring the safety and health of all of our people at Oyu Tolgoi
and we support the decisive action taken by the government to limit the spread
of COVID-19. It has inevitably resulted in a restriction on the movement of
goods and people in the country and this is slowing down construction activity
at the Underground Project. It is too early to determine the impact of this and
the team is doing all they can to minimise the disruption in a challenging
environment. We will continue to work with our suppliers, customers and the
government."
Newmont Corporation (NYSE:NEM) has announced that it will be safely ramping down
mining operations at the Yanacocha property in Peru, as government authorities
instate “Coronavirus-related” restrictions. The press release indicates,
however, that “gold production from leach pads,” will continue. Tom Palmer,
President and CEO, said:
"The
health and safety of our workforce and host communities takes precedence above
all else. While we have no confirmed COVID-19 cases among Newmont’s workforce
or any major disruptions to production at our other sites at this time, we are
proactively taking steps to protect our people and the continuity of our
business during this global pandemic."
Barrick Gold Corporation (NYSE:GOLD) has announced that the Veladero gold mine in
Argentina has had its life extended by 10 years “following a comprehensive
review of its strategy and business plan.’ Company President and CEO Mark
Bristow said:
“Our
review included the reinterpretation of the mine’s geology and an ongoing
infill drilling campaign. We established
exploration and resource management teams to identify satellite orebodies with
the potential to deliver an increase in resources and reserves. Our aim is to
extend Veladero’s life of mine beyond 2030 and elevate it to a Tier One asset.”
The press release notes that “Barrick defines a Tier
One mine as one that produces in excess of 500,000 ounces of gold per annum and
has a life of at least 10 years.”
Talon Metals Corp. (TSX:TLO) has logged 10.54 meters (34.6 feet) of Mixed
Massive Sulphides (MMS) at the Tamarack Nickel-Copper-Cobalt project in
Minnesota. Henri van Rooyen, CEO of Talon, commented:
“The
drill hole was planned by using a combination of downhole electromagnetic
models, magneto-metric resistivity models and oriented core from drill
16TK0233B. The target was then successfully intercepted by using directional
drilling.”
Talon has also confirmed that health and safety
measures have been implemented in response to the Coronavirus threat, but that
“operations (including its drilling program) have not been impacted.’
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