BUZZ-Rio Tinto's $1.8 bln Brockman project hailed by Morgan Stanley

Reuters

2025/03/07

BUZZ-Rio Tinto's $1.8 bln Brockman project hailed by <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a>

** 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

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))

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Australia's mining sub-index <span>.AXMM</span> down 0.6%</p><p>** Stock down 2.2% YTD</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p> ((Rishav.Chatterjee@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Rio Tinto's $1.8 bln Brockman project hailed by Morgan Stanley</title>\n<style 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08:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Rio Tinto's $1.8 bln Brockman project hailed by <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a></title></head><body><p>** <a href=\"https://laohu8.com/S/MSPQV\">Morgan Stanley</a> analysts back the move by miner Rio Tinto <span>RIO.AX</span> 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 </p><p>** RIO on Thursday said first ore is scheduled from 2027 as opposed to previously expected 2028</p><p>** Shares in RIO gain near 1% to A$115.99</p><p>** Brokerage says early ore delivery is a positive outcome given Brockman Syncline 1 is a key replacement project</p><p>** Australia's mining sub-index <span>.AXMM</span> down 0.6%</p><p>** Stock down 2.2% YTD</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p> 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