Tag Archives: mining

Rio Tinto gifts its shares in Pebble Mine

Mining giant Rio Tinto has given away its stake in the Pebble Mine project. “By giving our shares to two respected Alaskan charities, we are ensuring that Alaskans will have a say in Pebble’s future development and that any economic benefit supports Alaska’s ability to attract investment that creates jobs,” said Rio Tinto chief executive, Jean-Sebastien Jacques.

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De Beers pulls out of Chidliak Project

De Beers Canada has opted not to exercise its option in the Chidliak Project, which is a joint venture with Peregrine Diamonds.

Under the agreement, De Beers had the exclusive right until Dec. 31 to enter into an earn-in and joint-venture agreement for the project on a 50.1 per cent De Beers/49.9 per cent Peregrine basis. If De Beers did not exercise the option, Peregrine was not obligated to refund the $6.3 million already spent … Continue reading De Beers pulls out of Chidliak Project

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