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RIO Rio Tinto Plc

69.82
0.88 (1.28%)
07 May 2024 - Closed
Delayed by 15 minutes
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

Rio Tinto Quarterly Iron-Ore Shipments Fall

21/04/2015 3:50am

Dow Jones News


Rio Tinto (NYSE:RIO)
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From May 2019 to May 2024

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   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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