Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -96.00p -1.97% 4,780.00p 4,780.00p 4,780.50p 4,870.00p 4,769.00p 4,870.00p 4,480,728 16:29:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 31,775.7 14,245.8 622.0 7.5 62,354

Rio Tinto PLC Update on Iron Ore Guidance

19/06/2019 12:44pm

UK Regulatory (RNS & others)


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Rio Tinto PLC

19 June 2019

Update on Iron Ore Guidance

19 June 2019

Rio Tinto Iron Ore is currently experiencing mine operational challenges, particularly in the Greater Brockman hub in the Pilbara. This is resulting in a higher proportion of certain lower grade products, partly to protect the quality of our flagship Pilbara Blend.

Around 1.5 million tonnes of these products were sold in the first quarter, as noted in the 2019 Quarterly Operations Review, 16 April 2019. Additional sales of these products will be made during 2019.

In light of these challenges, there has also been a review of mine plans, resulting in guidance of Pilbara shipments (100% basis) for 2019 being revised to between 320 million tonnes and 330 million tonnes (previously between 333 million tonnes and 343 million tonnes). Given the change in volume guidance, unit costs will be updated in the Q2 Quarterly Operations Review (16 July 2019).

This announcement contains inside information.

LEI: 213800YOEO5OQ72G2R82

Classification: 2.2. Inside information disclosed under article 17 of the Market Abuse Regulation

Contacts

media.enquiries@riotinto.com

riotinto.com

Follow @RioTinto on Twitter

 
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  Illtud Harri                           Jonathan Rose 
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=====================================  ================================ 
 
   Rio Tinto plc                          Rio Tinto Limited 
   6 St James's Square                    Level 7, 360 Collins Street 
   London SW1Y 4AD                        Melbourne 3000 
   United Kingdom                         Australia 
   T +44 20 7781 2000                     T +61 3 9283 3333 
   Registered in England                  Registered in Australia 
   No. 719885                             ABN 96 004 458 404 
                                       -------------------------------- 
 

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June 19, 2019 07:44 ET (11:44 GMT)

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