RIO News: Rio Tinto (RIO) Reports a 2% Decline in Q2 Iron Ore Production - 17th Jul 2024, 1:50am

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Rio Tinto RIO reported iron ore shipments (on a 100% basis) of 80.3 million tons (Mt) for the second quarter of 2024, which rose 2% year over year, attributed to the drawdown of port stocks. The company’s iron ore production dipped 2% to 79.5 Mt as ore depletion offset productivity gains. A train had derailed in mid-May at its Western Australia iron ore operations, which led to six days of lost rail capacity and full stockpiles at some mines, impacting shipment and production numbers for th...

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