KMTUY - Exploring Mining Podcast Episode 190: RIO KMTUY GOLD BVN ALTA
Point Roberts, WA and Delta, BC - August 3, 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 190 - News from (NYSE: RIO) (OTC: KMTUY) (NYSE: GOLD) (NYSE: BVN) (TSXV: ALTA)
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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."
Compania 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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