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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.97 | -1.50% | 129.29 | 142.21 | 116.37 | 129.97 | 126.90 | 129.75 | 1,747,190 | 07:00:34 |
From Apr 2019 to Apr 2024
By Rhiannon Hoyle
SYDNEY--Rio Tinto PLC (RIO.LN) on Thursday trimmed capital expenditure guidance for 2019 and said it could record $10 billion in full-year free cash flow at present commodity prices.
The miner said it expects annual capital expenditure to be $500 million lower than an earlier $5.5-billion forecast, with that sum deferred into 2020 when it now expects to spend $7 billion.
Rio Tinto said its estimate for free cash flow reflects "the ongoing cash generation resilience of our world-class assets in a volatile macro environment."
The miner, which is holding an investor seminar in London on Thursday, also said its Pilbara iron-ore operations had, at times operated at a long-targeted 360-million-metric-ton-a-year run rate. Rio Tinto reiterated 2019 annual shipment guidance of 320-330 million tons and said it expects 2020 shipments up to 5% higher than its 2019 forecast.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
October 31, 2019 03:10 ET (07:10 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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