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Exploring Mining Podcast Episode 150 - News from (NYSE: NEM) (TSXV: GTT) (NYSE: INFY) (NYSE: RIO) (ASX: 3DA) (ASX: NCM)

 

Point Roberts, WA and Delta, BC - March 11, 2021 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering mining and metals stocks releases today's edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV, CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and leading experts.

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https://www.investorideas.com/Audio/Podcasts/2021/031121-Mining.mp3

Exploring Mining Podcast Episode 150 - News from (NYSE: NEM) (TSXV: GTT) (NYSE: INFY) (NYSE: RIO) (ASX: 3DA) (ASX: NCM)

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Newmont Corporation (NYSE:NEM) has entered into a binding agreement to acquire all of the outstanding shares of GT Gold Corp. (TSXV:GTT) in cash. The latter's flagship asset is the wholly-owned, 47,500 hectare Tatogga property, in the highly prospective Golden Triangle region of British Columbia, Canada. Ashwath Mehra, Executive Chair of GT Gold, commented:

"We are very pleased to be announcing this Transaction with Newmont today, representing the execution of our plan and the culmination of significant value creation for GT Gold shareholders since the formation of the Company. The Transaction is a testament to the years of diligent, professional work by the entire GT Gold team. My fellow directors and I would like to express our thanks and appreciation to all who have been involved in successfully advancing the Tatogga project to this stage from discovery to sale in just over four years. The Transaction is not only a great outcome for our shareholders, but also one that we believe will benefit all our rightsholders and stakeholders in the coming years."

Infosys BPM, the business process management arm of Infosys Limited (NYSE:INFY), announced a five-year extension to its strategic collaboration with Newmont Corporation to standardize and digitize delivery models across its mine sites. Ryan Plourde, Group Executive of Supply Chain, Newmont Corporation, commented:

"We are pleased to continue to partner with Infosys BPM in standardizing and digitizing supply chain processes across our regions. Infosys BPM's strong leadership commitment and clear understanding of our operations will enable significant productivity improvements, service levels improvements, and cost savings."

Rio Tinto Group (NYSE:RIO) has signed an agreement to provide a first commercial batch of high-performance aluminium-scandium alloy from its North American operations to metal additive manufacturing firm Amaero (ASX:3DA). Amaero CEO Barrie Finnin said:

"This is an important step in the commercialisation of this high performance alloy that will be used in our breakthrough 3D metal printing technology. We look forward to working with Rio Tinto to progress the production of the alloy so we can commence the qualification process with key customers in the aerospace sector and other industries."

Newcrest Mining Limited (ASX:NCM) has provided an exploration update for its Red Chris and Havieron projects. Commenting on the former, Newcrest Managing Director and CEO Sandeep Biswas said:

"We are excited to announce the discovery of the East Ridge which is a new zone of higher grade mineralisation at Red Chris. The initial intercept is open in all directions, with mineralisation displaying similar characteristics to that of the high grade pods in the East Zone. Drilling to determine the significance of this new zone is underway, with the results from this initial intercept highlighting the potential for additional discoveries at Red Chris."

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