#ExploringMining #Podcast
Episode 190 – #Mining #Stocks News from (NYSE: $RIO) (OTC: $KMTUY) (NYSE: $GOLD)
(NYSE: $BVN) (TSXV: $ALTA.V)
Point Roberts WA, Delta BC, August 3,
2021 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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podcast:
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Rio Tinto Group (NYSE:RIO) has announced a partnership with Komatsu Ltd. (OTC:KMTUY) to “fast-track the development and
implementation of zero-emission mining haulage solutions, including haul
trucks.” Alf Barrios, Rio Tinto’s Chief Commercial Officer, commented:
"Our
support of a trial, and the option to buy some of the first trucks from
Komatsu, underscores our shared commitment to actively collaborate on product
planning, development, testing and deployment of the next generation of
zero-emission mining equipment and infrastructure as we look to decarbonise our
business."
Barrick Gold Corporation (NYSE:GOLD) has announced that its joint venture Pueblo Viejo
expansion project is going ahead with the recent agreement for an “independent
government-led oversight of the strategic environmental and social impact
assessment studies for the new tailings storage facility.” According to the
press release, the facility “is key to the mine continuing to operate beyond
2021 and could extend the Tier One mine’s life to beyond 2040, supporting
annual production in excess of 800,000 ounces.” Barrick President and CEO Mark
Bristow said:
“The
expansion project has the potential to allow Pueblo Viejo to convert
approximately 9 million ounces of measured and indicated resources to proven
and probable reserves.”
Compañia de Minas Buenaventura (NYSE:BVN) has reported results for its second quarter and
six-month period ended June 30, 2021. Highlights include a Q2 net income of
$37.5 million, up from its $15.6 million net loss for the same period in 2020,
and a Q2 exploration at operating units increase to $14.5 million, up from $2.5
million in Q2 2020. The report also indicates that Buenaventura’s cash position
reached $255.2 million as of June 30, 2021.
Altamira Gold Corp. (TSXV:ALTA) has started drilling at the Mutum target within
the Apiacas project in northern Mato Grosso, Brazil. Michael Bennett, the
company’s President and CEO, commented:
"The
commencement of the initial drilling program at the Mutum target at Apiacas is
truly exciting and is the culmination of several years of effort. During the
last few months, Altamira has identified a geophysical chargeability anomaly
that is now in excess of 4km in east-west extent and is coincident with an area
of historic workings which produced 1Moz of gold as well as widespread quartz-sericite-pyrite
alteration and disseminated gold mineralization. The target is simply enormous,
and we look forward to the results of the initial drill program."
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