Rio’s flexible approach in production revamp

Original article by Matt Chambers
The Australian – Page: 17 & 20 : 19-Jun-18

Rio Tinto has advised that its iron ore production and rail capacity is expected to rise to 360 million tonnes by the end of 2019, in line with its port capacity. The resources group has previously forecast that iron ore production for 2018 will be within the range of 330 million to 340 million tonnes. Rio Tinto has also signalled that it will adopt a "value over volume" strategy for its Pilbara operations, which will allow it to adjust production of different iron ore products in response to demand from buyers or changes in the price of the steel input.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD

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