Bullish Sign? - Bounced off 200 EMA, page-2505

ESG - ENVIRONMENT SOCIAL GOVERNANCE:

The NRW Facebook update was timely, following directly from Rio Tinto’s ESG seminar in Sydney on November 26 noting that in 2017 US$10 billion was spent on it’s mines closure program.

Rehabilitation of sites may one day also be fully automated, but for now it needs the human touch.
Our touch?
In June 2018, NRW was awarded a $7 million contract for Rio’s trial rehabilitation project at the Argyle Diamond Mine. http://member.afraccess.com/media?id=CMN://6A888744&filename=20180626/NWH_01993772.pdf

https://thewest.com.au/business/mining/rio-in-for-the-long-haul-to-rehabilitate-argyle-ng-b88894459z
“Rio Tinto will spend hundreds of millions of dollars over decades rehabilitating Argyle diamond mine in the Kimberley after its expected closure in 2020”......

Here is the relevant slide from Rio’s seminar:
https://www.riotinto.com/documents/181126_ESG_seminar_slides.pdf


At Argyle the NRW project consists of waste rock landform trials
https://nrw.com.au/project/waste-rock-landform-trials/

PROJECT DESCRIPTION

The site is located within the Argyle Diamond Mine in the East Kimberley Region of Western Australia. It is approximately 185 kilometres south of the town of Kununurra, 3,175 kilometres north of Perth and 1,000 kilometres south of Darwin.

The contract marks NRWs first project with Argyle Diamonds.

CONTRACT SUMMARY

The contract is to perform waste rock dump rehabilitation trials required by Argyle Diamonds to facilitate the planning of the mine closure feasibility study.

Scope of works includes:

• Rehabilitation of waste rock dumps
• Programming, planning and resourcing the works to meet milestones
• Completion and provision of quality documentation
• Providing a practical assessment on the waste rock dump slope stability, water discharge and re-vegetation trials including detailed productivity results