#ExploringMining
#Podcast – #Mining News from (NYSE: $RIO) (NYSE American: $GPL) (TSXV: $ZON.V)
Point Roberts WA, Delta BC, December 31,
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) will be resuming operations at Richards Bay Minerals
(RBM) in South Africa following discussion regarding community and
environmental stability. Operations are expected to resume in early January
with consequent production to follow in early 2020. Bold Baatar, chief executive,
Energy & Minerals, commented:
"The safety
and security of our people is always our first priority and we are pleased that
we will now be able to get back to work creating value for our people, our
communities, South Africa and RBM’s shareholders.
I would
like to thank the Government of South Africa and the Premier of KwaZulu-Natal
for their support and assistance in getting us to a position where we can
restart operations at RBM. I would also acknowledge the work of community
leaders and the police over the previous few weeks."
Minera Mexicana el Rosario, S.A. (MMR), a wholly-owned
subsidiary of Great Panther Mining Limited (NYSE American:GPL), has entered into a $10 million USD concentrate
prepayment agreement with the Geneva, Switzerland-based IXM Group (IXM),
described in the press release as “one of the world's largest physical metal
traders”. Jeffrey Mason, the compay’s Interim President and CEO, said:
"We are
pleased to be partnering with IXM in Mexico for our GMC concentrates over the
next two years. Securing the sale of this off-take at competitive market terms,
while strengthening our balance sheet with US$10 million at an attractive cost
of capital, positions us well to achieve our strategic objectives as we move
into 2020."
Zonte Metals Inc. (TSXV:ZON) has increased the size of its previously-announced
non-brokered private placement from $1.25 million to $1.4 million consisting of
4,183,167 flow through shares at a price of $0.30 and 723,044 Units at a price
of $0.23 for total proceeds of $1,421,250, subject to TSX Venture Exchange
approval. According to the press release, “the Company intends to use the net
proceeds of the Offering for exploration at Cross Hills Iron Oxide Copper Gold
Property, in Newfoundland and Labrador and general corporate purposes”.
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