Rio chief spruiks value over volume

Original article by Matt Chambers
The Australian – Page: 19 & 28 : 15-Feb-17

Rio Tinto expects its iron ore production in the Pilbara to be within the range of 330 to 340 million tonnes in 2017, compared with 330 million tonnes in 2016. The group has invested some $US16bn on expanding its Western Australian infrastructure over the last 10 years. However, CEO Jean-Sebastien Jacques says Rio Tinto’s focus is on value rather than volume, and it will consider the impact on the iron ore price before lifting production to take advantage of its increased capacity.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, CREDIT SUISSE (AUSTRALIA) LIMITED, CITIGROUP PTY LTD

Leave a comment