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RIO Rio Tinto Limited

120.42
1.70 (1.43%)
Last Updated: 05:59:05
Delayed by 20 minutes
Share Name Share Symbol Market Type
Rio Tinto Limited ASX:RIO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.70 1.43% 120.42 120.40 120.42 120.57 119.14 120.08 572,378 05:59:05

An Expansion of BHP's Escondida Copper Mine Makes Sense -- Market Talk

12/09/2023 12:55am

Dow Jones News


Rio Tinto (ASX:RIO)
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From Jun 2023 to Jun 2024

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2315 GMT [Dow Jones]--The economics of an expansion of BHP's majority-owned Escondida copper mine in Chile "are compelling," and the miner would benefit from forging ahead with an expansion of both concentrator and heap leach capacity, Goldman Sachs analysts Paul Young and Caleb Heiner say in a note. An expansion of the mining operation, part owned by Rio Tinto, could cost about $8 billion, but it could also increase copper output by roughly 20% and keep volumes above 1 million metric tons annually to 2035, the analysts say. Project returns could be around 20%, they add. Young and Heiner say that while they already include an expansion at Escondida in their base case estimates for BHP and Rio Tinto, Visible Alpha data seem to suggest it isn't baked into consensus forecasts. (rhiannon.hoyle@wsj.com)

 

(END) Dow Jones Newswires

September 11, 2023 19:40 ET (23:40 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Rio Tinto Chart

1 Year Rio Tinto Chart

1 Month Rio Tinto Chart

1 Month Rio Tinto Chart