Western Copper and Gold Corp T.WRN

Rio Tinto Refocusses

[EvenSteven27]

https://www.ft.com/content/91c1ae9e-8150-4201-9952-f02efbd60693

[EvenSteven27]

In case you get shut out by a paywall, Rio is agressively coming after copper. Unfortunately, the competitive tension I had hoped from Newmont does not appear to be coming. Let's hope either Rio grasps are true intrinsic value. Agnico Eagle or Kinross could make a bid. The northern porphry straddles WGO claims and is very close to Betty. At some point in the future, consolidation will need to

[jclarke042]

Steve, can you copy/paste the article text?

[EvenSteven27]

Due to copyright issues, wary to post on open forum. pm'd the gist. rio is refocussing from steel to copper. Rio's need for copper is much greater than imagined. both Jakob and Barton made comments. no specific mention of casino. 

[EvenSteven27]

"' Rio Tinto has set its sights on becoming the next king of copper: an electric car needs 42kg of the metal — almost three times more than a traditional combustion engine vehicle." (source: ft)  // // " This has helped dub copper “the metal of electrification” with demand expected to double to about 50mn tonnes annually by 2035 as the world transitions to cleaner

[EvenSteven27]

" Rio, which derives the majority of its profit from iron ore production, is considering more spending on exploration and processing of copper. It is also developing new technology to extract metal discovered decades ago but thought too deep or risky to mine." (source: ft)  // // Some of the world’s biggest mining groups, such as Australia’s BHP, Swiss-based Glencore and Newmont

[jclarke042]

All good Steve. As an aside, baffling that after 27 months, Casino/Rio gets no mention outside of Paul's speaking.  Listened to a podcast the other day, guest was talking up a Major's just announced strategic investment into a junior. 5% stake, 1 year standstill, a scope of work. How great an endorsement of the particular project, he says. Tier 1, Canada, strategic to "the

[EvenSteven27]

Neither do I. I think partly jealousy. Used to be neighbors with a professional geologist, Mike, who used to say we were too far off the grid. Mike:s company was focused on Golden Triangle. Never listened to Mike. The answer to the grid problem is closer than we think. 

[Riotintoe]

Here you go JC. The Financial Times article has been picked up by this service (never heard of them before). https://thebharatexpressnews.com/miner-rio-tinto-tests-new-frontiers-as-copper-age-dawns/