Dec 16 (Reuters) - Rio Tinto Ltd (RIO) :
- DEVELOPMENT CAPITAL AND TIMELINE FOR OYU TOLGOI CONFIRMED-RIO.AX
- OYU TOLGOI IS EXPECTED TO PRODUCE 480,000 TONNES OF COPPER PER YEAR ON AVERAGE FROM 2028 TO 2036 FROM OPEN PIT AND UNDERGROUND
- ESTIMATE DETAILS HOW OYU TOLGOI UNDERGROUND TO ACHIEVE SUSTAINABLE PRODUCTION FOR PANEL 0 BY OCT 2022 FOR DEVELOPMENT CAPITAL OF $6.75 BILLION
- COMPLETED DEFINITIVE ESTIMATE WORK FOR PANEL 0 OF OYU TOLGOI UNDERGROUND PROJECT
- SUSTAINABLE PRODUCTION EXPECTED TO COMMENCE IN OCTOBER 2022
- ESTIMATE WORK FOR PANEL 0 CONFIRMING A REVISED BUDGET OF $6.75 BILLION WITH SUSTAINABLE PRODUCTION EXPECTED TO COMMENCE IN OCTOBER 2022
- AT PEAK PRODUCTION, OYU TOLGOI TO OPERATE IN 1ST QUARTILE OF COPPER CASH COST CURVE; BY 2030 TO BE FOURTH LARGEST COPPER MINE IN WORLD
- RIO TINTO, THROUGH TRQ, IS PROVIDING COMPLETION SUPPORT UNDERTAKING IN RESPECT OF $4.4 BILLION PROJECT FINANCE FACILITY
- REMAINS OF VIEW THAT ALL SHAREHOLDERS SHOULD CONTRIBUTE PROPORTIONATELY AND SHARE EQUITABLY IN BENEFIT
- PANEL 1 & PANEL 2 CURRENTLY SUBJECT TO FURTHER STUDIES, WITH INITIAL RECOMMENDATIONS EXPECTED BY MID-2021
(([email protected];))
News: RIO Rio Tinto Says Oyu Tolgoi Underground Expected To Achieve Sustainable Production by Oct...
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Last
$115.44 |
Change
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Mkt cap ! $42.85B | |||
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