Rio Tinto to cooperate with Canadian McEwen Mining to develop Elder Creek project in Nevada
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Update time : 2022-09-08 21:33:02
McEwen Copper Inc., a subsidiary of Canadian mining company McEwen Mining, signed an agreement with Rio Tinto’s subsidiary, Kennecott Exploration Company.
In the agreement, Kennecott will invest US$18 million in the future seven years and become the operator to obtain an option to earn a 60% interest in Elder Creek property in Nevada.
After that, Kennecott and McEwen Copper will together form an unincorporated joint venture.
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