Rio on track for world iron ore crown

Original article by Peter Ker
The Australian Financial Review – Page: 18 : 17-Oct-19

Rio Tinto shipped 86.1 million tonnes of Pilbara iron ore during the September quarter, and 240 million tonnes in the first nine months of 2019. A strong performance in the fourth quarter could see Rio Tinto’s full-year exports top 330 million tonnes, which is the upper range of its guidance for the calendar year. This would also allow it to surpass Vale as the world’s biggest iron ore exporter, given that the Brazilian company now expects to export about 319 million tonnes for the year. Meanwhile, Rio Tinto has advised that its alumina and bauxite production in 2019 will be below previous guidance.

CORPORATES
RIO TINTO LIMITED – ASX RIO, RIO TINTO LIMITED – ASX RIO, VALE SA, TURQUOISE HILL RESOURCES LIMITED