Under the agreement, Rio Tinto can buy up to a 75% interest in the Solwezi licences in Zambia for a total of $51m. See another side to mining by investigating the type of career you could have at Rio Tinto. Totalling 506km 2, these licences are located in Zambia’s north-western province, adjacent to … The Solwezi licences consist of two individual exploration licences. Major products are copper, iron ore, aluminium, diamonds, energy, gold, industrial minerals and. After incurring project expenditures in excess of $3 million during the initial work phase, Rio will now proceed to the next stage of the agreement. Rio Tinto has completed the initial work program on Midnight Sun Mining’s (TSXV: MMA) Solwezi licenses in Zambia, part of an earn-in and joint venture agreement the … Totalling 506km2, these licences are […] GTS is in the business of wide range of online Business to Business (B2B) information services like Public procurement information, business information services; IT enabled services, E-Commerce and bid facilitation and consultancy services. Global mining giant Rio Tinto has signed an earn-in and joint venture agreement with Vancouver-headquartered Midnight Sun Mining. Midnight Sun Mining says Rio Tinto has completed the initial work programme of a US$51 million earn-in and joint venture agreement on its Solwezi licences in Zambia, well ahead of schedule. Under the agreement, Rio Tinto can buy up to a 75% interest in the Solwezi licences in Zambia for a total of $51m. Ltd (GTS). Rio Tinto Group is an Anglo-Australian multinational and the world's second largest metals and mining corporation, behind BHP, producing iron ore, copper, diamonds, gold and uranium. In total, Rio Tinto would spend $51 million to acquire 75% ownership of the Zambian copper deposits. Jacques will leave the group on 31 March 2021, allowing the company time to find a successor. Rio Tinto’s business is finding, mining and processing mineral resources. The French engineer, educated at École Centrale Paris, had previously spearheaded the Oyu Tolgoi copper megaproject in Mongolia and pushed out Rio Tinto’s developers in charge of the Simandou iron ore deposit in Guinea, a project he didn’t believe in. There is a job at Rio Tinto to suit all skillsets and demographics. Afterwards, Rio Tinto can earn a further 10% ownership by spending an additional $15 million on work within two years. Rio Tinto is a leading international mining group headquartered in the UK. From mining, to extraction, to administration to transport. The Solwezi licences consist of two individual exploration licences. October 15, 2015. The company was founded in 1873, when a multinational consortium of investors purchased a mine complex on the Rio Tinto, in Huelva, Spain, from the Spanish government.. Learn more about Rio Tinto's careers today. 1 Rio Tinto jobs in Zambia, including salaries, reviews, and other job information posted anonymously by Rio Tinto employees in Zambia. Shares of Midnight Sun opened 20.2% higher on Monday with news of the Rio Tinto agreement. Zambia Tenders is a domain owned and maintained by Global Tenders Services Pvt. Find Rio Tinto Zambia jobs on Glassdoor… Rio Tinto has completed the initial work program on Midnight Sun Mining’s (TSXV: MMA) Solwezi licenses in Zambia, part of an earn-in and joint venture agreement the companies signed in April 2020. Allowing the company time to find a successor 2, these licences are in! 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