Rio Tinto mulls iron ore boost as Vale struggles

Original article by Peter Ker
The Australian Financial Review – Page: 17 & 24 : 10-May-19

Rio Tinto Jean-Sebastien Jacques says the resources giant will only increase its Pilbara iron ore shipments if doing so makes financial sense. The price of the steel input has rallied in the wake of supply disruptions following a tailings dam collapse at a Vale mine in January, and it was trading above $US94 per tonne on 9 May. Meanwhile, just six per cent of shareholders at Rio Tinto’s Australian annual meeting supported a Market Forces resolution which would have required Rio Tinto to set carbon emission reduction targets for its customers.

CORPORATES
RIO TINTO LIMITED – ASX RIO, VALE SA, MARKET FORCES, FRIENDS OF THE EARTH, GRANGE RESOURCES LIMITED – ASX GRR, BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, ROY HILL HOLDINGS PTY LTD

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