Following exploration work and evaluating results, Rio Tinto will not go forward with the Mt Hillalong project in the northern Bowen Basin, Australia.
In a statement to Australian Pacific Coal, Rio Tinto commented: “After the completion of exploration work on Hillalong and subsequent review of results, RTX has decided not to exercise the option to acquire the tenement. Accordingly, we will let the agreement lapse.”
Under the terms of the Exploration, Option and Joint Venture Agreement, Rio Tinto are obliged to return all of its interests in EPC’s 1773, 1867 and 1645 to Area Coal Pty Ltd.
In this webinar, OSIsoft will highlight some aspects of a successful digital transformation journey and discuss the top priorities that mining executives are looking for. They will also see how mining companies around the world benefit from real-time operational data to improve their safety results & their asset reliability and to optimise their operations. Register for free today »
The Queensland Resources Council will join the Premier’s Queensland Industry Recovery Alliance today to work with the government to maximise the resource sector’s role in the State’s COVID-19 recovery.
