MULTIMODAL 2019The Maritime Standards Awards 2018Port of StocktonCoaltrans IndiaTelestackCimbria Bulk Equipment A/S
  • Port of Stockton
  • The Mississippi Valley Trade & Transport Council
  • TMS Tanker Conference 2018
  • Coaltrans USA
  • The Maritime Standards Awards 2018
  • Multimodal 2018

Rio’s Pilbara operations rake in the money

(Posted on 21/06/18)

In a presentation to investors and analysts in Perth, Rio Tinto showcased its Pilbara operations, a world-class, leading-edge, fully integrated system.

The presenters discussed how Rio Tinto’s iron ore business will continue to deliver superior value by developing greater flexibility across its system of mines, rail and ports in Western Australia, capable of dynamically responding to changes in market and customer demand.

Rio Tinto Iron Ore chief executive Chris Salisbury said: “Our strategy is to optimise our Pilbara assets to deliver value for our shareholders. Our iron ore business delivered $7.3bn of free cash flow in 2017 and we will continue to maximise free cash flow by pursuing a value-over-volume approach, built on a portfolio of world-class assets that deliver our premium iron ore product, the Pilbara Blend.

“We are driving productivity improvements right across the business and we continue to leverage considerable value from innovation and new technology. Our pioneering autonomous rail project, AutoHaul, is on schedule to be implemented by the end of the year, and is already delivering benefits to the business through an uplift in rail capacity.

"Removing our bottleneck in rail and increasing flexibility remain a key priority. This work is progressing well and rail and mine capacity should be in line with nameplate port capacity by the end of 2019. As we have said before, we will continue to optimise the system to provide the flexibility to respond to market conditions. However, importantly, capacity is not the same as tonnes shipped. How we use the capacity of our integrated system will be dynamic, in line with a strict value-over-volume approach.

Mr Salisbury added the company continues to benefit from changes in the Chinese steel industry. “The steel industry in China has undergone a significant shift in recent times due to supply-side reforms and environmental policy improvements. We believe these reforms are structural and that our business is well positioned to take advantage of these changes due to robust demand for our high quality products, including the Pilbara Blend.”

Latest News

Vale to purchase Ferrous

(Posted on 11/12/18)

Vale informs that it entered into a definitive agreement to buy Ferrous Resources Limited, a company... Read more


Rusal makes top 100 in emerging markets

(Posted on 11/12/18)

UC RUSAL, one of the leading global aluminium producers, has been listed among the top 100 Best Emerging... Read more


South Australia's grain harvest falls

(Posted on 03/12/18)

Primary Industries and Regions SA (PIRSA)'s Crop and Pasture Report for Spring Crop Performance haws... Read more


BHP copper exploration update

(Posted on 03/12/18)

Melbourne, Australia based BHP has confirmed identification of a potential new iron oxide, copper, gold... Read more


Rio Tinto iron ore investment

(Posted on 03/12/18)

Rio Tinto is to develop its most technologically advanced mine following the full approval of a $2.6... Read more


Australian woodchip exports soar

(Posted on 27/11/18)

Assistant Minister for Agriculture and Water Resources, Senator Richard Colbeck, welcomed the continued... Read more


Rio Tinto agrees Rössing stake sale

(Posted on 27/11/18)

Rio Tinto has entered into a binding agreement with China National Uranium Corporation Limited ("CNUC... Read more


New carbon capture report

(Posted on 15/11/18)

The World Coal Association (WCA) has launched a new report calling for a step-change in international... Read more


Importing grain for stock feed

(Posted on 15/11/18)

With many parts of Australia in drought, the Department of Agriculture and Water Resources has been... Read more


Rio Tinto completes lease and sale

(Posted on 15/11/18)

Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG... Read more


Vigan Engineering S.ACleveland Cascades LtdTMS Awards 2016 winnersTOC EventsOvetSailors Society
  • Sailors Society
  • Cleveland Cascades Ltd
  • TMS Awards 2016 winners
  • TOC Events

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping