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The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Rio Tinto on Kitco

Rio Tinto on Kitco

posted on Oct 27, 2009 10:56PM

An interesting post on Kitco, explaining how Rio Tinto is increasing its interest in Ivanhoe Mines. Anyone following that story knows this has been in the works for years now.

Just shows that the majors can't ignore large deposits anywhere in the world. Not to say that our Langmuir project will be as huge (yet).

I also find it interesting that Rio Tinto is buying into a company who's largest asset is on the border near China. Yet the Chinese are buying up everthing here in Canada.

However it all ends up in China somehow.

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