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BRIEF-Rio Tinto says Q1 global iron ore shipments (100% basis) 80.8 MT

Published 19/04/2016, 08:54 am
© Reuters. BRIEF-Rio Tinto says Q1 global iron ore shipments (100% basis) 80.8 MT
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April 19 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX :

* Rio Tinto releases robust first quarter production results RIO.AX

* Q1 global iron ore production (100% basis) 84.0 mt, +13%

* Q1 aluminium production (rt share) 887 kt, +10%

* Q1 global iron ore shipments (100% basis) 80.8 mt, up 11%

* Q1 mined copper production (rt share) 141.2 kt, -2%

* expected global shipments in 2016 are unchanged at around 350 million tonnes (100 per cent basis), from operations in Australia and Canada

* Expected share of production of bauxite, aluminium remains unchanged at 45 mln tonnes and 3.6 mln tonnes, respectively in 2016

* Says it is expected that the Rio Tinto board will consider oyu tolgoi project for approval during the second quarter of 2016

* Says in 2016, rio tinto expects its share of mined copper production to remain unchanged at between 575 and 625 thousand tonnes

* For coal, Rio Tinto's forecast share of production is unchanged in 2016

* Further investment decision on the Silvergrass Project is expected in the second half of the year

* Production from the pilbara is now expected to be between 330 and 340 million tonnes in 2017

* Source text for Eikon ID:nASX2fqs7t

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