Rio Tinto Expects Lower Shipments From Pilbara on Tropical Cyclone

   By Adria Calatayud 
 

Rio Tinto PLC said Monday that it expects lower iron-ore shipments from its Pilbara operations in western Australia, which have been hit by Tropical Cyclone Damien.

Rio Tinto's shipments from Pilbara are now expected to be between 324 million and 334 million metric tons, down from its previous guidance of between 330 million and 343 million tons.

Iron-ore operations at Rio Tinto's Pilbara sites are progressively resuming after the passing of the cyclone, but a return to normal operations will take time as all mines experienced some disruption, the company said. The cyclone caused infrastructure damage across the company's entire Pilbara network, including impact to access roads, electrical and communications infrastructure and accommodation, it said.

Rio Tinto said it is working with its customers to minimize any supply disruption.

Write to Adria Calatayud at [e-mail]

(END) Dow Jones Newswires

February 17, 2020 06:46 ET (11:46 GMT)

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