#ExploringMining #Podcast
299 - News from (NYSE: $RIO) (NYSE: $AA) (NYSE: $SA) (NYSE: $EXK)
Vancouver, Kelowna, Delta, BC, September
14, 2022 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) 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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