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Name | Symbol | Market | Type |
---|---|---|---|
Rio Tinto Plc | NYSE:RIO | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.88 | 1.28% | 69.82 | 69.93 | 69.17 | 69.48 | 1,835,867 | 01:00:00 |
By Rhiannon Hoyle
SYDNEY--Rio Tinto PLC reported a fall in quarterly iron-ore shipments as it faced setbacks from bad weather and a train derailment at its operations in Western Australia.
The Anglo-Australian miner reported global iron-ore shipments of 72.5 million metric tons during the three months through March, down 12% on the quarter immediately prior. It said sales were hampered by disruptions from Tropical Cyclone Olwyn and the train derailment, which temporarily blocked a circuit at Dampier port.
Still, shipments were up 9% on year as the mining company--the world's second-largest exporter of the steelmaking commodity--expanded its operations in Australia's iron-rich Pilbara region.
It meanwhile reported a 12% on-quarter rise in mined copper output, to 144,100 tons, underpinned by sharply higher output at the Escondida mine in Chile.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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