Rio Tinto: overall production increases in Q2
(CercleFinance.com) - In its Q2 trading update, Rio Tinto reports that iron ore production at its major Pilbara region in Western Australia fell by 2% year-on-year to 79.
5 million tonnes, while iron ore shipments rose by 2% to 80.3 million tonnes.
Among its other main raw materials, aluminum production rose by 1%, bauxite by 9%, copper ore by 18% and iron ore granules and concentrates by 6%.
Only titanium dioxide production was down, at -22%, again compared with Q2 of the previous year.
Construction of the Simandou iron ore project in Guinea is progressing at a good pace, the start-up of underground mining at Oyu Tolgoi is on track, and we expect to achieve first production from the Rincon pilot plant by the end of the year, said Rio Tinto CEO Jakob Stausholm.
He also referred to a clear direction towards long-term profitable growth and the pursuit of attractive returns for shareholders.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5 million tonnes, while iron ore shipments rose by 2% to 80.3 million tonnes.
Among its other main raw materials, aluminum production rose by 1%, bauxite by 9%, copper ore by 18% and iron ore granules and concentrates by 6%.
Only titanium dioxide production was down, at -22%, again compared with Q2 of the previous year.
Construction of the Simandou iron ore project in Guinea is progressing at a good pace, the start-up of underground mining at Oyu Tolgoi is on track, and we expect to achieve first production from the Rincon pilot plant by the end of the year, said Rio Tinto CEO Jakob Stausholm.
He also referred to a clear direction towards long-term profitable growth and the pursuit of attractive returns for shareholders.
Copyright (c) 2024 CercleFinance.com. All rights reserved.