Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):
The announcement can be viewed at:
https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy
SOURCE Galaxy Resources Limited
View original content: http://www.newswire.ca/en/releases/archive/August2021/03/c8880.html
News Provided by Canada Newswire via QuoteMedia
HIGHLIGHTS
Tempus Resources Ltd (” Tempus ” or the ” Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce the results of the first ever high resolution airborne magnetic and radiometric geophysical surveys completed over the entire Elizabeth Gold Project in Southern BC, Canada
The Elizabeth Gold Project is the flagship project for Tempus and is located in the Bralorne – Pioneer Gold District of southern British Columbia. The 115km 2 project is characterised as a relatively underexplored high-grade mesothermal gold system that presents itself in relatively wide (typically ~1-5m wide) vein sets. The high-grade quartz veins encountered in the drilling at Elizabeth show close geological similarities to the Bralorne – Pioneer mesothermal vein system (approximately 30km away), which was mined to a depth of approximately 2,000 metres and produced more than 4 million ounces of gold over a period of 50 years.
Tempus President and CEO, Jason Bahnsen, commented “The results of the geophysical surveys show that the intrusive system that hosts the gold veins at Elizabeth is much larger and extends much deeper than previously thought. There are also two additional large-scale anomalies within the project licence. The results highlight the potential for Elizabeth to complement its high-grade nature with very large scale.”
Airborne Geophysical Surveys and Interpretation
In June 2021, Precision GeoSurveys Inc. was contracted to complete airborne magnetic and radiometric surveys over the Elizabeth Gold Project and completed 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km 2 Elizabeth property. Over the Elizabeth Main and Elizabeth East Zones a line spacing of 100 metres was flown to increase the resolution and detail over these zones (see Figure 3 below). The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling.
The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored and mapped to approximately 1.1km 2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km 2 (see Figures 1 and 2 below).
This new geophysical data and interpretation of the Blue Creek Porphyry is also extensive at depth, revealing a robust intrusion extending to at least 2km deep (ie, approximately 10x deeper than mineralisation has currently drill-tested). Such an interpretation further indicates the analogous nature of Elizabeth’s potential relative to the nearby Bralorne gold deposit (see Figure 2 below).
Historically, the boundaries of the Blue Creek Porphyry have been poorly defined based on mapping of sparse outcrops and therefore not well understood. The airborne surveys, the first of their kind at Elizabeth, are very encouraging as they define a transformationally larger footprint of the main porphyry which gives way to the necessary host geology along strike of the currently known Elizabeth vein/structures as well as unexplored areas to the north, south, and east.
In addition, two other magnetic low anomalies have been identified within the Elizabeth licence area as potential intrusive bodies similar to the Blue Creek Porphyry (see Figure 2 below). These two anomalies show strong continuity along strike and are also extensive at depth.
The Blue Creek Porphyry, which hosts the Elizabeth gold-quartz veins, is thought to have intruded the Shulaps Ultramafic Complex during the late-Cretaceous (70.27 ± 5.25 Ma, by Ar-Ar) and belonging to the late stages of the Coast Plutonic Complex. This timing makes it close in proximity to the timing of Bralorne mineralization (approximately 30km away) and being associated with the same, regional, transpressional environment. Bralorne is a well explored mesothermal vein system, which was mined to a depth of approximately 2,000 metres and produced more than 4 million ounces of gold over a period of 50 years.
The Shulaps Complex is bounded by two major dextral faults, the Yalakom Fault to the north (seen in the airborne magnetics map (see Figure 1) on the Elizabeth property) and the Marshal Creek, Quartz Mountain Faults to the south and west. Within these two regional fault sets are sigmoidal faults, namely the Mission Ridge Fault and the Red Mountain Fault. It is these 2nd order sigmoidal structures that are influential in the Elizabeth vein/fault systems and give them the southwest orientation.
Figure 1 – The Elizabeth Project Geophysics Interpretation
Figure 2 – Elizabeth Project – Geophysics Long Section
Figure 3 – Aeromagnetic survey grid over Elizabeth Gold Property
Elizabeth Drilling Update
Diamond drilling continues at the Elizabeth Main Project with 11 holes, for approximately 2,850 metres, completed to date. Eight holes have had samples submitted to the lab to date. Assays for the first four holes (EZ 21-01 to EZ 21-04) where submitted to SGS Laboratories for assay on 24th June. The first four holes all appear to have intersected strong SW Vein mineralisation. Completion of the initial assays has been subject to delays due to heavy volumes at the lab but are expected to be received in early August.
This announcement has been authorised by the Board of Directors of Tempus Resources Limited.
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Mr. Kevin Piepgrass, who is a Member of the Association of Professional Engineers and Geoscientists of the province of BC (APEGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Piepgrass has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101. Mr. Piepgrass consents to the inclusion of the data in the form and context in which it appears.
For further information:
Tempus Resources LTD
Melanie Ross – Director/Company Secretary Phone: +61 8 6188 8181
About Tempus Resources Ltd
Tempus Resources Ltd (“Tempus”) is a growth orientated gold exploration company listed on ASX (“TMR”) and TSX.V (“TMRR”) and OTCQB (“TMRFF”) stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold’s Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus’ actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such Page | 4 risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading “Risk and Uncertainties” in the Company’s Management’s Discussion & Analysis for the quarter and nine months ended March 31, 2021 dated May 14, 2021 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tempus Resources Ltd
View source version on accesswire.com:
https://www.accesswire.com/657938/Elizabeth-Geophysical-Survey-Highlights-Scale-Potential
News Provided by ACCESSWIRE via QuoteMedia
Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks.
Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable.
Alf Barrios, Rio Tinto’s Chief Commercial Officer said: “Rio Tinto and Komatsu have a shared history of partnership on innovation going back to when we built the world’s largest Komatsu autonomous haulage fleet in 2008.”
“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.”
Rio Tinto is also one of the first companies to join Komatsu’s newly launched Greenhouse Gas (GHG) Alliance which has an initial target of advancing Komatsu’s power agnostic truck concept for a haulage vehicle that can run on a variety of power sources including battery and hydrogen.
Max Moriyama, President, Mining Business Division of Komatsu Ltd said Komatsu was honoured to continue to partner with Rio Tinto.
“Rio Tinto and Komatsu both recognise the critical role zero-emission haul trucks play in meeting the Greenhouse Gas (GHG) emission reduction goals for the mining industry and the need to focus on developing practical haulage solutions.
“We are looking forward to advanced collaboration with them,” said Max.
Rio Tinto is also a founding patron of the Charge On Innovation Challenge, which is focused on solving the power distribution infrastructure needed to support zero-emission haul trucks.
“We know that addressing climate change effectively requires businesses, governments and society to work together. Our collaboration with Komatsu recognises the role zero-emission haul trucks will play in meeting the emission reduction goals of not only Rio Tinto, but the entire mining industry,” said Alf.
About Rio Tinto
Rio Tinto produces high-quality iron ore, copper, aluminium, and minerals that have an essential role in enabling the low-carbon transition.
We have publicly acknowledged the reality of climate change for over two decades and have reduced our emissions footprint by over 30 percent in the decade to 2020.
We have set 2030 targets to reduce our absolute emissions by 15% and our emissions intensity by 30% relative to our 2018 baseline. These targets are consistent with a 45% reduction in absolute emissions, relative to 2010 levels, and the Intergovernmental Panel on Climate Change (IPCC) pathways to 1.5°C. They are supported by our commitment to spend approximately $1 billion on emissions reduction initiatives over the first five years of the ten-year target period. In 2020, we set new Scope 3 emissions reduction goals to guide our partnership approach across our value chain.
Read more about our approach to climate change: www.riotinto.com/invest/reports/climate-change-report
About Komatsu
Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. For a century, the company has been creating value for its customers through manufacturing and technology innovation, partnering with others to empower a sustainable future where people, business and the planet thrive together. Frontline industries worldwide use Komatsu solutions to develop modern infrastructure, extract fundamental minerals, maintain forests and create consumer products. The company’s global service and distributor networks support customer operations to enhance safety and productivity while optimizing performance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005282/en/
Please direct all enquiries to
media.enquiries@riotinto.com
Media Relations, UK
Illtud Harri
M +44 7920 503 600
David Outhwaite
M +44 7787 597 493
Media Relations, Americas
Matthew Klar
T +1 514 608 4429
Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178
David Ovington
M +44 7920 010 978
Clare Peever
M +44 7788 967 877
Media Relations, Australia
Jonathan Rose
M +61 447 028 913
Matt Chambers
M +61 433 525 739
Jesse Riseborough
M +61 436 653 412
Investor Relations, Australia
Natalie Worley
M +61 409 210 462
Amar Jambaa
M +61 472 865 948
Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885
Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
riotinto.com
Category: General
News Provided by Business Wire via QuoteMedia
Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):
The announcement can be viewed at:
https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy
SOURCE Galaxy Resources Limited
View original content: http://www.newswire.ca/en/releases/archive/August2021/03/c8880.html
News Provided by Canada Newswire via QuoteMedia
HIGHLIGHTS
Tempus Resources Ltd (” Tempus ” or the ” Company “) (ASX:TMR)(TSX.V:TMRR)(OTCQB:TMRFF) is pleased to announce the results of the first ever high resolution airborne magnetic and radiometric geophysical surveys completed over the entire Elizabeth Gold Project in Southern BC, Canada
The Elizabeth Gold Project is the flagship project for Tempus and is located in the Bralorne – Pioneer Gold District of southern British Columbia. The 115km 2 project is characterised as a relatively underexplored high-grade mesothermal gold system that presents itself in relatively wide (typically ~1-5m wide) vein sets. The high-grade quartz veins encountered in the drilling at Elizabeth show close geological similarities to the Bralorne – Pioneer mesothermal vein system (approximately 30km away), which was mined to a depth of approximately 2,000 metres and produced more than 4 million ounces of gold over a period of 50 years.
Tempus President and CEO, Jason Bahnsen, commented “The results of the geophysical surveys show that the intrusive system that hosts the gold veins at Elizabeth is much larger and extends much deeper than previously thought. There are also two additional large-scale anomalies within the project licence. The results highlight the potential for Elizabeth to complement its high-grade nature with very large scale.”
Airborne Geophysical Surveys and Interpretation
In June 2021, Precision GeoSurveys Inc. was contracted to complete airborne magnetic and radiometric surveys over the Elizabeth Gold Project and completed 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km 2 Elizabeth property. Over the Elizabeth Main and Elizabeth East Zones a line spacing of 100 metres was flown to increase the resolution and detail over these zones (see Figure 3 below). The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling.
The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored and mapped to approximately 1.1km 2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km 2 (see Figures 1 and 2 below).
This new geophysical data and interpretation of the Blue Creek Porphyry is also extensive at depth, revealing a robust intrusion extending to at least 2km deep (ie, approximately 10x deeper than mineralisation has currently drill-tested). Such an interpretation further indicates the analogous nature of Elizabeth’s potential relative to the nearby Bralorne gold deposit (see Figure 2 below).
Historically, the boundaries of the Blue Creek Porphyry have been poorly defined based on mapping of sparse outcrops and therefore not well understood. The airborne surveys, the first of their kind at Elizabeth, are very encouraging as they define a transformationally larger footprint of the main porphyry which gives way to the necessary host geology along strike of the currently known Elizabeth vein/structures as well as unexplored areas to the north, south, and east.
In addition, two other magnetic low anomalies have been identified within the Elizabeth licence area as potential intrusive bodies similar to the Blue Creek Porphyry (see Figure 2 below). These two anomalies show strong continuity along strike and are also extensive at depth.
The Blue Creek Porphyry, which hosts the Elizabeth gold-quartz veins, is thought to have intruded the Shulaps Ultramafic Complex during the late-Cretaceous (70.27 ± 5.25 Ma, by Ar-Ar) and belonging to the late stages of the Coast Plutonic Complex. This timing makes it close in proximity to the timing of Bralorne mineralization (approximately 30km away) and being associated with the same, regional, transpressional environment. Bralorne is a well explored mesothermal vein system, which was mined to a depth of approximately 2,000 metres and produced more than 4 million ounces of gold over a period of 50 years.
The Shulaps Complex is bounded by two major dextral faults, the Yalakom Fault to the north (seen in the airborne magnetics map (see Figure 1) on the Elizabeth property) and the Marshal Creek, Quartz Mountain Faults to the south and west. Within these two regional fault sets are sigmoidal faults, namely the Mission Ridge Fault and the Red Mountain Fault. It is these 2nd order sigmoidal structures that are influential in the Elizabeth vein/fault systems and give them the southwest orientation.
Figure 1 – The Elizabeth Project Geophysics Interpretation
Figure 2 – Elizabeth Project – Geophysics Long Section
Figure 3 – Aeromagnetic survey grid over Elizabeth Gold Property
Elizabeth Drilling Update
Diamond drilling continues at the Elizabeth Main Project with 11 holes, for approximately 2,850 metres, completed to date. Eight holes have had samples submitted to the lab to date. Assays for the first four holes (EZ 21-01 to EZ 21-04) where submitted to SGS Laboratories for assay on 24th June. The first four holes all appear to have intersected strong SW Vein mineralisation. Completion of the initial assays has been subject to delays due to heavy volumes at the lab but are expected to be received in early August.
This announcement has been authorised by the Board of Directors of Tempus Resources Limited.
Competent Persons Statement
Information in this report relating to Exploration Results is based on information reviewed by Mr. Kevin Piepgrass, who is a Member of the Association of Professional Engineers and Geoscientists of the province of BC (APEGBC), which is a recognised Professional Organisation (RPO), and an employee of Tempus Resources. Mr. Piepgrass has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves, and as a Qualified Person for the purposes of NI43-101. Mr. Piepgrass consents to the inclusion of the data in the form and context in which it appears.
For further information:
Tempus Resources LTD
Melanie Ross – Director/Company Secretary Phone: +61 8 6188 8181
About Tempus Resources Ltd
Tempus Resources Ltd (“Tempus”) is a growth orientated gold exploration company listed on ASX (“TMR”) and TSX.V (“TMRR”) and OTCQB (“TMRFF”) stock exchanges. Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Blackdome-Elizabeth Project, a high grade gold past producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Blackdome-Elizabeth that will form the basis of an updated NI43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in south east Ecuador. The Rio Zarza project is located adjacent to Lundin Gold’s Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop anomalies identified through geophysical work.
Forward-Looking Information and Statements
This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Tempus’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, the ability of Tempus to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Tempus to control or predict, that may cause Tempus’ actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such Page | 4 risks, uncertainties and other factors set out herein and the other risks and uncertainties disclosed under the heading “Risk and Uncertainties” in the Company’s Management’s Discussion & Analysis for the quarter and nine months ended March 31, 2021 dated May 14, 2021 filed on SEDAR. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Tempus believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Tempus does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to Tempus or persons acting on its behalf are expressly qualified in its entirety by this notice. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Tempus Resources Ltd
View source version on accesswire.com:
https://www.accesswire.com/657938/Elizabeth-Geophysical-Survey-Highlights-Scale-Potential
News Provided by ACCESSWIRE via QuoteMedia
Rio Tinto and Komatsu are partnering to fast-track the development and implementation of zero-emission mining haulage solutions, including haul trucks.
Rio Tinto will conduct a pre-production trial of the new equipment at a Rio Tinto site and has the option to purchase some of the first trucks from Komatsu once they are commercially viable.
Alf Barrios, Rio Tinto’s Chief Commercial Officer said: “Rio Tinto and Komatsu have a shared history of partnership on innovation going back to when we built the world’s largest Komatsu autonomous haulage fleet in 2008.”
“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.”
Rio Tinto is also one of the first companies to join Komatsu’s newly launched Greenhouse Gas (GHG) Alliance which has an initial target of advancing Komatsu’s power agnostic truck concept for a haulage vehicle that can run on a variety of power sources including battery and hydrogen.
Max Moriyama, President, Mining Business Division of Komatsu Ltd said Komatsu was honoured to continue to partner with Rio Tinto.
“Rio Tinto and Komatsu both recognise the critical role zero-emission haul trucks play in meeting the Greenhouse Gas (GHG) emission reduction goals for the mining industry and the need to focus on developing practical haulage solutions.
“We are looking forward to advanced collaboration with them,” said Max.
Rio Tinto is also a founding patron of the Charge On Innovation Challenge, which is focused on solving the power distribution infrastructure needed to support zero-emission haul trucks.
“We know that addressing climate change effectively requires businesses, governments and society to work together. Our collaboration with Komatsu recognises the role zero-emission haul trucks will play in meeting the emission reduction goals of not only Rio Tinto, but the entire mining industry,” said Alf.
About Rio Tinto
Rio Tinto produces high-quality iron ore, copper, aluminium, and minerals that have an essential role in enabling the low-carbon transition.
We have publicly acknowledged the reality of climate change for over two decades and have reduced our emissions footprint by over 30 percent in the decade to 2020.
We have set 2030 targets to reduce our absolute emissions by 15% and our emissions intensity by 30% relative to our 2018 baseline. These targets are consistent with a 45% reduction in absolute emissions, relative to 2010 levels, and the Intergovernmental Panel on Climate Change (IPCC) pathways to 1.5°C. They are supported by our commitment to spend approximately $1 billion on emissions reduction initiatives over the first five years of the ten-year target period. In 2020, we set new Scope 3 emissions reduction goals to guide our partnership approach across our value chain.
Read more about our approach to climate change: www.riotinto.com/invest/reports/climate-change-report
About Komatsu
Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. For a century, the company has been creating value for its customers through manufacturing and technology innovation, partnering with others to empower a sustainable future where people, business and the planet thrive together. Frontline industries worldwide use Komatsu solutions to develop modern infrastructure, extract fundamental minerals, maintain forests and create consumer products. The company’s global service and distributor networks support customer operations to enhance safety and productivity while optimizing performance.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210802005282/en/
Please direct all enquiries to
media.enquiries@riotinto.com
Media Relations, UK
Illtud Harri
M +44 7920 503 600
David Outhwaite
M +44 7787 597 493
Media Relations, Americas
Matthew Klar
T +1 514 608 4429
Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178
David Ovington
M +44 7920 010 978
Clare Peever
M +44 7788 967 877
Media Relations, Australia
Jonathan Rose
M +61 447 028 913
Matt Chambers
M +61 433 525 739
Jesse Riseborough
M +61 436 653 412
Investor Relations, Australia
Natalie Worley
M +61 409 210 462
Amar Jambaa
M +61 472 865 948
Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885
Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
riotinto.com
Category: General
News Provided by Business Wire via QuoteMedia