Rio Tinto: significant fall in production in Q3
(CercleFinance.com) - Rio Tinto today released its production data for Q3, a period that proved operationally challenging as all ore production declined.
Despite an improvement over the previous quarter, we recognise that there is room for improvement in our performance, management said.
Only iron ore shipments from Pilbara increased by 2% compared to Q3 2020 to 83.4 million tonnes.
In contrast, iron ore production at Pilbara fell by 4% to 83.3 million tonnes. Bauxite production was also down (-3% to 14 million tonnes), as was copper ore (-3% to 125.2 kilotonnes), iron ore pellets and concentrates (-8% to 2.2 million tonnes), aluminium production (-3% to 774 kilotonnes) and titanium dioxide production (-29% to 209 kilotonnes).
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Despite an improvement over the previous quarter, we recognise that there is room for improvement in our performance, management said.
Only iron ore shipments from Pilbara increased by 2% compared to Q3 2020 to 83.4 million tonnes.
In contrast, iron ore production at Pilbara fell by 4% to 83.3 million tonnes. Bauxite production was also down (-3% to 14 million tonnes), as was copper ore (-3% to 125.2 kilotonnes), iron ore pellets and concentrates (-8% to 2.2 million tonnes), aluminium production (-3% to 774 kilotonnes) and titanium dioxide production (-29% to 209 kilotonnes).
Copyright (c) 2021 CercleFinance.com. All rights reserved.