Rio Tinto's $1.8 bln Brockman project hailed by Morgan Stanley
ReutersMar 7, 2025 12:47 AM
Morgan Stanley analysts back the move by miner Rio Tinto RIO.AX to invest $1.8 billion in developing the Brockman Syncline 1 mine project, extending the life of the Brockman Hub, and part of RIO's replacement projects
RIO on Thursday said first ore is scheduled from 2027 as opposed to previously expected 2028
Shares in RIO gain near 1% to A$115.99
Brokerage says early ore delivery is a positive outcome given Brockman Syncline 1 is a key replacement project
Australia's mining sub-index .AXMM down 0.6%
Stock down 2.2% YTD
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