Rio Tinto commits extra $302 million for Resolution copper project, eyes EV market

  • 📰 Reuters
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Rio Tinto commits additional $302 million for Resolution Copper project

FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo

The funds will be used bank-roll additional drilling, ore-body studies, infrastructure improvements and permitting activities with the miner aiming to advance the project to the final stage of the permitting phase, it said in a statement to the Australian Stock Exchange. “The comprehensive permitting process is well underway with the environmental impact study on track to be completed next year according to the regulators schedule,” Jacques added.

“The rise of electric vehicles, battery storage, new transmission technology and other green energy innovations are highly copper intensive. We need to prepare now to meet this future demand,” Jacques said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Her name is Rio Tinto and she dances on the sand Just like that river twisting through a dusty land And when she shines she really shows you all she can Oh Rio Tinto, Rio Tinto dance across the Rio Grande

CNN: Tehran news, plans to identify the Fed as a terrorist organization on June 1 and convert oil exports into euro payments

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines