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Rio Tinto Plc (NYSE:RIO) on Wednesday reported a decline in Pilbara iron ore production of 10% year-over-year (Y/Y) to 69.8Mt.
Pilbara iron ore shipments (consolidated basis) decreased 8% Y/Y to 62.5Mt in the quarter.
Severe weather conditions impacted both production and shipment, with four cyclones collectively causing an estimated loss of approximately 13 million tonnes.
Also Read: Activist Renews Calls For Listing Unification As Rio Tinto Abandons $5 Billion Equity Offering
Meanwhile, pr...
>>> Read more: Cyclones Impact Rio Tinto Q1 Pilbara Production And Shipment By 13 Millions Tonnes, Trigger $95 Million Recovery Plan
Pilbara iron ore shipments (consolidated basis) decreased 8% Y/Y to 62.5Mt in the quarter.
Severe weather conditions impacted both production and shipment, with four cyclones collectively causing an estimated loss of approximately 13 million tonnes.
Also Read: Activist Renews Calls For Listing Unification As Rio Tinto Abandons $5 Billion Equity Offering
Meanwhile, pr...
>>> Read more: Cyclones Impact Rio Tinto Q1 Pilbara Production And Shipment By 13 Millions Tonnes, Trigger $95 Million Recovery Plan
