ironinvesting
As the world eagerly anticipates the Paris 2024 Olympic Games, which will take place from July 26 to August 11, the medals to be awarded to victorious athletes have garnered attention for their unique design and composition. This year, the medals are not just a symbol of athletic achievement but also a piece of French history. Each medal contains an 18 gram piece of original iron from the Eiffel Tower, the symbol of Paris, in the shape of a hexagon at the center — a nod to mainland France’s nickname "The Hexagon." Embossed lines radiating from the hexagon create a striking visual effect. The E...
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Fifty-one years after dispatching its first shipment, Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has sent a cumulative total of 4 billion tonnes of iron ore from the Pilbara region in Western Australia to China. According to a press release from the major diversified miner, this landmark shipment was dispatched on July 19 from Dampier Port, headed for China Baowu Steel Group, the world’s largest steel producer. To give an idea of scale, Rio Tinto said 4 billion tonnes of iron ore is sufficient to produce the steel required for approximately 45,000 Sydney Harbour Bridges, or over 23,000 Beijing Natio...
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Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Ngarluma Aboriginal Corporation (NAC) announced on Monday (July 15) that they will join hands to pursue the development of an 80 megawatt solar farm. The project is the first initiative under a memorandum of understanding that seeks to explore opportunities for renewable energy projects on Ngarluma Country, located in Western Australia's Pilbara region. The solar farm is expected to sit next to the Yurralyi Maya power station, one of Rio Tinto’s four major power plants in Western Australia. Once complete, it is projected to reduce the company’s CO2 foot...
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ESG-focused company CoTec Holdings (TSXV:CTH,OTCQB:CTHCF) has released a preliminary economic assessment( PEA) for its Lac Jeannine iron tailings project in Québec, Canada. “The PEA represents a first step in demonstrating CoTec’s strategy of recovering the great economic potential of large historical tailing sites with further potential enhancement of these projects through the deployment of CoTec technologies where applicable,” said CEO Julian Treger in the company's June 27 press release. "The Labrador Trough hosts some of the largest historical resources of high-purity iron globally, creat...
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The Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has allocated 19 trillion rials (around US$38 million) to develop infrastructure and electricity supply for the country's mines. As part of the country’s initiative to capitalize on its rich mineral resources and stimulate economic growth, IMIDRO has signed 28 agreements aimed at improving the infrastructure of private mines across the country. These projects include 21 road construction initiatives and seven electricity supply projects, all of which come after US$32 million worth of investment from IMIDRO...
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