Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

BRIEF-Rio Tinto says qtrly global iron ore shipments 91.3 mt

Published 19/01/2016, 08:36 am
© Reuters. BRIEF-Rio Tinto says qtrly global iron ore shipments 91.3 mt
RIO
-
RIO
-
HG
-

Jan 19 (Reuters) - Rio Tinto (L:RIO) Ltd RIO.AX :

* Rio Tinto releases solid fourth quarter production results RIO.AX

* Qtrly global iron ore shipments 91.3 mt versus 82.2 mt a year ago

* Qtrly global iron ore production 87.2 mt versus 79.1 mt a year ago

* Qtrly aluminium production 864 kt, +4%

* Global iron ore production in 2016 is expected to be around 350 million tonnes

* Q4 mined copper production 111.1 kt, -13 percent

* For 2016 expected share of production of bauxite, alumina and aluminium is 45 million tonnes, 7.8 million tonnes and 3.6 million tonnes

* "We will continue to focus on disciplined management of costs and capital to maximise cash flow generation throughout 2016"

* In 2016, Rio Tinto expects its share of mined copper production to increase to between 575 and 625 thousand tonnes

* Expected iron ore global shipments are around 350 million tonnes (100 per cent basis), from its operations in Australia and Canada for 2016

* Source text for Eikon ID:nASX7GdrZP

*

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.