🚀 ProPicks AI Hits +34.9% Return!Read Now

BRIEF-Rio Tinto Says Qtrly Pilbara Iron Ore Shipments On 100% Basis Were 82.1 MT

Published 16/10/2020, 08:43 am
© Reuters.
RIO
-
RIO
-

Oct 16 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX :

* QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 82.1 MT VERSUS 86.1 MT REPORTED A YEAR AGO

* QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 86.4 MT VERSUS 87.3 MT REPORTED A YEAR AGO

* QTRLY ALUMINIUM PRODUCTION 797 KT VERSUS 789 KT REPORTED A YEAR AGO

* MAINTAINED CAPEX GUIDANCE AND 2020 PRODUCTION GUIDANCE ACROSS KEY PRODUCTS

* RECENT HIGH-FREQUENCY DATA SUGGESTS THAT RATE OF RECOVERY IN GROWTH IS SLOWING IN MOST ECONOMIES

* ON 13 OCT, WROTE LETTER TO TRADITIONAL OWNERS IN PILBARA DETAILING THAT CO WILL REVIEW ALL HERITAGE DISTURBANCE IN CONSULTATION WITH THEM

* CHINESE IRON ORE DEMAND IS AT RECORD LEVELS AGAINST A BACKDROP OF RECOVERING SEABORNE SUPPLY THAT WAS DISRUPTED EARLIER IN YEAR

* PILBARA OPERATIONS RETURNING TO MORE NORMAL OPERATING CONDITIONS WITH ROSTERS BACK TO PRE-COVID-19 SETTINGS

* EXPECT SMELTER AT KENNECOTT WILL BE FULLY OPERATIONAL DURING OCT

* WITH MAJOR PRODUCERS EXPECTED TO SHOW STRONG Q4 VOLUMES, IRON ORE INVENTORIES EXPECTED TO GROW MODESTLY AS CHINA'S STEEL CONSUMPTION EASES

* FIRST SUSTAINABLE PRODUCTION AT OYU TOLGOI TRENDING TOWARDS EARLIER MONTHS OF OCTOBER 2022 TO JUNE 2023 RANGE

* PLANNED MAINTENANCE ACTIVITIES DEFERRED FROM FIRST HALF ARE EXPECTED TO CONTINUE THROUGH Q4

* TALKS CONTINUE WITH NEW ZEALAND GOVERNMENT & MERIDIAN ENERGY ON NEXT STEPS RELATING TO WIND-DOWN, CLOSURE OF TIWAI POINT ALUMINIUM SMELTER

Latest comments

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.