The world’s second-largest miner has entered into a memorandum of understanding with RESOLVE to make an equity investment of $2 million in Regeneration and will also analyse its portfolio to identify potential opportunities for the first Regeneration project. The start-up has formed a founding board of directors and site review and selection is about to commence.
Regeneration will look to offer additional partnership, investment, and site-based opportunities for ethical investment companies and philanthropists, mining companies, mining and environmental professionals, downstream manufacturers and brands, technology innovators, governments, and communities.
“Regeneration aims to turn ores and waste from previously mined areas into positive outcomes both economically and environmentally,” said Rio’s global head of closure, Peter Harvey.
“It is an innovative and collaborative new vehicle to help effectively restore legacy mine sites and meet our closure commitments.”
