Tag: Rio Tinto Mongolia

High-grade assays and large widths show Bencubbin emergency as a potential significant rare earths discovery, with grades of up to 7,243ppm TREO from latest drilling within intercepts up to 79m wide.

Bencubbin in WA emerging as potential significant rare earths discovery

Cygnus Metals (ASX: CY5) has found high-grade assays in an area that majors including Rio Tinto (ASX: RIO) and IGO (ASX: IGO) are actively exploring for rare earth elements (REE) in the same area. These are some of the thickest and highest-grade intersections to date at the Bencubbin rare earths project in WA, with grades of up to 7,243ppm TREO from latest drilling with intercepts up to 79m wide. The results came from the company’s July air core and auger drilling program to expand the drill coverage and test the scale of REE enrichment across a major granitic body. Other results include 79m @ 1,576ppm TREO from 32m including 8m @ 7,243ppm TREO, with positive project-wide auger results indicating strike…

Rio Tinto: The Bottom Line

Rio Tinto: The Bottom Line

All images: Rio Tinto. BY ELIZABETH FABRI IT capped off a strong 2017 calendar year with $US8.8 billion in profit, but Rio Tinto is increasingly focussed on reputation and its social license to operate, both here and abroad. Rio Tinto is riding high on the back of a 90 per cent increase in net profit compared to 2016. It was a successful year on many fronts, with Rio Tinto’s iron ore division celebrating the opening of the $US338 million Silvergrass mine. Iron ore prices were also working in its favour, as China’s increased appetite for higher grade ore continues following the nation’s winter steel curtailment policy. However, like many of its peers, the company’s global ‘social license to operate’ has…