RegenerationFortune Minerals arrangement with Rio Tinto likely could be a very successful endeavour. Over the last two years Rio has been involved with Resolve, a Washington based NGO and created a start-up named "Regeneration"; one can only assume that Regeneration must see significant potential in achieving their end goals with the likes of Fortune Minerals.
Rio Tinto is partnering with RESOLVE, a Washington-based nonprofit organisation, to launch Regeneration, a start-up that will use the re-mining and processing of waste from legacy mine sites to support rehabilitation activities and restore natural environments.
Regeneration will extract valuable minerals and metals from mine tailings, waste rock and water. Earnings from the sale of these responsibly-sourced materials will be reinvested to help fund habitat restoration and closure activities, including at legacy and former mine sites. Regeneration will also seek to create and trade biodiversity and carbon credits through the rehabilitation of land and the generation of environmental offsets.
Rio Tinto has entered into a memorandum of understanding with RESOLVE to make an equity investment of $2 million in Regeneration and will also analyse its portfolio to identify potential opportunities for the first Regeneration project. The start-up has formed a founding board of directors and site review and selection is about to commence.
Regeneration will look to offer additional partnership, investment, and site-based opportunities for ethical investment companies and philanthropists, mining companies, mining and environmental professionals, downstream manufacturers and brands, technology innovators, governments, and communities. https://www.riotinto.com/news/releases/2021/Rio-Tinto-invests-in-start-up-to-support-habitat-restoration-final https://www.resolve.ngo/regeneration.htm#