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BRIEF-Rio Tinto Posts Qtrly Iron Ore Shipments Of 88.5 MT

Published 17/07/2018, 08:34 am
© Reuters.  BRIEF-Rio Tinto Posts Qtrly Iron Ore Shipments Of 88.5 MT
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July 17 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX :

* QTRLY ALUMINIUM PRODUCTION 858 KT VERSUS 888 KT A YEAR AGO

* QTRLY MINED COPPER PRODUCTION 156.8 KT VERSUS 124.7 KT A YEAR AGO

* QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 88.5 MT VERSUS 77.7 MT A YEAR AGO

* QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 85.5 MT VERSUS 79.8 MT A YEAR AGO

* CO'S PILBARA SHIPMENTS IN 2018 EXPECTED TO BE AT UPPER END OF EXISTING GUIDANCE RANGE (330 TO 340 MILLION TONNES, 100 PER CENT BASIS)

* PILBARA SHIPMENTS IN 2018 ARE EXPECTED TO BE MORE EVENLY DISTRIBUTED BETWEEN THE FIRST AND SECOND HALVES COMPARED TO PRIOR YEARS

* EXPECTED SHARE OF PRODUCTION IN 2018 REMAINS UNCHANGED AT BETWEEN 49 & 51 MILLION TONNES OF BAUXITE & 8.0 TO 8.2 MILLION TONNES OF ALUMINA

* 2018 ALUMINIUM GUIDANCE OF 3.5 TO 3.7 MILLION TONNES TO BE ADJUSTED FOLLOWING COMPLETION OF SALE OF ALUMINIUM DUNKERQUE AND ISAL SMELTERS

* RIO TINTO'S EXPECTED SHARE OF MINED COPPER PRODUCTION FOR 2018 IS UNCHANGED AT BETWEEN 510 AND 610 THOUSAND TONNES

* "COST INFLATION IS BEING EXPERIENCED, PARTICULARLY IN THE ALUMINIUM GROUP WITH HIGHER RAW MATERIAL COSTS"

* REGARDING GRASBERG, CO EXPECTS ITS METAL SHARE FOR 2018 TO BE ZERO

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