Oyu Tolgoi alters mine development plan [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Yahoo! Finance
with Entrée Resources and the Mongolian Government regarding the transfer of licences for mining in the Entrée joint venture (JV) area. This decision arrives amidst the steady progress of the mine, with production from Panel 0 and Panel 2 anticipated in 2025 and 2026, respectively, aligning with Rio Tinto's 2025 copper output forecast of 780,000–850,000 tonnes (t). The mine's exceptional ore body offers several potential development routes. Under the original plan, Panel 1, encompassing the Entrée JV area, was set to bolster production from 2027. However, development efforts in this area are now on hold until the Mongolian Government processes the licence transfer from Entrée to Oyu Tolgoi. Meanwhile, limited work will proceed in Panel 1 outside the JV zone, with resources being reallocated to advance development in Panel 2 South, which is not part of the JV. Rio Tinto Copper chief executive Katie Jackson said: “Oyu Tolgoi continues to ramp-up as planned, with the cave perfo
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RIO
Sec Filings
- 4/25/25 - Form SD
- 4/23/25 - Form SCHEDULE
- 4/2/25 - Form 6-K
- RIO's page on the SEC website