Rio Tinto’s RTX signs JV agreement with Sipa Resources

By Jonathan Campion
The exploration unit RTX is to work with Sipa on a copper-gold project in Paterson North, Western Australia...

The Rio Tinto company RTX has entered into a farm-in and joint venture (FIJV) agreement with the gold and base metals explorer Sipa Resources. Under the terms of the agreement, RTX will invest A$3mn (£1.65mn) over two and a half years to exploring Paterson North, and will spend another A$3mn to purchase a 55% interest in the mine. There is a further possibility of Rio Tinto’s stake to be increased to 70% in future.

The Paterson North mine is situated 10km from another Rio Tinto asset, the Winu copper and gold project.


Featured Articles

Environmental certification for Lundin's Candelaria mine

Lundin Mining Corp has announced approval of an EIA to extend operations at the Candelaria copper mining complex in Chile

Lithium Africa and Ganfeng Lithium join hands in Africa

Lithium Africa Resources Corp. and China's Ganfeng Lithium Group Ltd. have created a 50/50 joint venture to accelerate lithium exploration and development

Mesh tech keeps Copper Mountain Mine going during outage

Rajant's Kinetic Mesh networking, BreadCrumb wireless nodes and InstaMesh networking software kept the mine safe at a critical time earlier this year

Diamond mine supports Yellowknife wildfire communities


Launch of China's first mining satellite developed with XCMC


Perpetua Resources to sign USA Department of Defense deal

Supply Chain & Operations