Original article by Matt Chambers
The Australian – Page: 19 & 28 : 20-Jul-16
Rio Tinto now expects its iron ore shipments from the Pilbara region of Western Australia to total 330 million tonnes in 2016, compared with previous guidance of 335 million tonnes. However, Rio has not revised its forecast for global iron ore shipments, which remains at 350 million tonnes. Meanwhile, the group has reported that iron ore shipments from the Pilbara totalled 82.2 million tonnes in the June quarter, and 159 million tonnes for the first half of the calendar year. Paul McTaggart of Credit Suisse expects Rio’s Pilbara shipments for the full year to total 328 million tonnes.
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