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RIO Rio Tinto Limited

130.85
1.34 (1.03%)
26 Apr 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Rio Tinto Limited ASX:RIO Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.34 1.03% 130.85 129.51 130.99 131.175 128.98 130.37 1,812,454 09:50:00

Rio Tinto Declares Force Majeure on Some Iron-Ore Contracts

29/03/2019 5:34am

Dow Jones News


Rio Tinto (ASX:RIO)
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From Apr 2019 to Apr 2024

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   By Rhiannon Hoyle 
 

SYDNEY--Rio Tinto PLC (RIO.LN) said it has issued force majeure notices to some buyers of its iron ore after a tropical cyclone lashed the coast of northwest Australia, disrupting exports of the steelmaking commodity.

Rio Tinto, one of the world's biggest shippers of iron ore, said Friday it was assessing damage caused by tropical cyclone Veronica to its Cape Lambert A port facility and that it is working with its customers to minimize any disruption in supplies.

That shipping terminal has a capacity of more than 85 million metric tons a year.

Rail and port operations at Rio Tinto's other export hubs, Port of Dampier and Cape Lambert B, have resumed and are ramping up, the mining company said in an emailed statement.

It said further details will be released in its quarterly operational report on April 16.

 

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

 

(END) Dow Jones Newswires

March 29, 2019 01:19 ET (05:19 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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