ALX, Rio Tinto optimistic with preliminary results from Firebird nickel project
Located in Saskatchewan, Firebird is currently the subject of an option agreement with Rio Tinto Exploration Canada.
Located in Saskatchewan, Firebird is currently the subject of an option agreement with Rio Tinto Exploration Canada.
Rio could earn up to a 75% interest in Bluejay's Enonkoski project by injecting $20 million over three stages.
Vladimir Potanin said the company should keep its dividends to a minimum, as it contends with the pandemic and a potential $2 billion environmental damages bill.
Key moves in the mining industry.
Work has been suspended from Tuesday until Nov. 10 as a containment measure after 19 employees tested positive.
Nickel bulls may have to defer their great EV expectations for a while yet and focus on what is happening in the currently far more significant stainless steel sector.
Metal’s spectacular rally over the last month still has momentum, but as supplies rise and demand dwindles, prices will retreat.
Company should keep its dividend payments for 2020 to a mininum level, co-owner and top shareholder Vladimir Potanin told Reuters.
Key moves in the mining industry.
The Indonesian state-owned miner has reached out to investment banks to discuss a potential stake purchase from Tsingshan.