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Rio Tinto Releases Third Quarter Production Results

Mining News - Published on Fri, 16 Oct 2020

Image Source: Rio Tinto
Rio Tinto Chief Executive J-S Jacques said “We have delivered a good operational performance across most of our assets catching up on planned maintenance activity, particularly in iron ore, and continuing to adapt to new operating conditions as we learn to live with COVID-19. We have maintained our capex guidance and our 2020 production guidance across our key products. We are focused on regaining the trust of the Puutu Kunti Kurrama and Pinikura people PKKP with a focus on remedy. On Tuesday 13 October we wrote a letter to Traditional Owners in the Pilbara detailing that we will review all heritage disturbance in consultation with them; and shared our intention to modernise our agreements which includes modifying clauses to ensure respect, transparency and mutual benefit. Rio Tinto has shown great resilience through challenging conditions and will continue to prioritise the health and safety of our employees, contractors and communities. The quality of our assets, coupled with our strong focus on capital discipline and value over volume approach, mean we can continue to invest in our business, support our communities, pay taxes and royalties to host governments and continue to generate superior returns to shareholders in the short, medium and long term.”

Q3 Operational update
Pilbara iron ore shipments (100% basis)Mt82.1-5-5241.70
Pilbara iron ore production (100% basis)Mt86.4-14247.42
Mined Copperkt129.6-18-2395.4-10
Titanium dioxide slagkt293-912848-8
IOC iron ore pellets and concentrateMt2.3-21-157.7-4

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Posted By : Yogender Pancholi on Fri, 16 Oct 2020
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