0337 GMT - Schedule changes at Rio Tinto's Oyu Tolgoi copper mine are likely to have a small negative impact on the asset's valuation, says RBC Capital Markets analyst Kaan Peker. The planned Panel 1 underground development has been affected by a pause on development work in the Entree joint venture area. Under the new schedule, Panel 2 South will need to start and ramp up much sooner than previously indicated, says Peker. But Panel 2 is lower in gold grade, and also has marginally lower copper and silver grades, he says. The change could make it harder for Rio Tinto to reach nameplate capacity by 2028, says Peker. It could also increase geotechnical risk, as sequencing was set for Panel 2 South to start in 2029-2030 after Panel 2 North was established, he says. Rio Tinto is down 0.6% in Sydney at A$108.94. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
June 09, 2025 23:37 ET (03:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。