Bühler GmbHTMS Awards 2020The Wolfson Centre for Bulk Solids Handling Technology Port of StocktonTBA GroupCleveland Cascades Ltd
  • Bühler GmbH
  • TMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?
  • TOC Events
  • Port of South Louisiana
  • TBA Group
  • Vigan

Rio Tinto 2018 iron ore shipments rise

Rio Tinto 2018 iron ore shipments rise

(Posted on 22/01/19)

On the release of the company’s fourth quarter results, Rio Tinto chief executive J-S Jacques said “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets. During the year, we further strengthened our asset portfolio, continuing to invest in high quality growth. 2018 saw the early completion of Amrun, the deployment of AutoHaul, the Koodaideri and Robe River investments and the signing of the power agreement at Oyu Tolgoi. Meanwhile, we completed disposals of $8.6 billion, including the Grasberg mine in Indonesia and our remaining coal assets. With a firm ‘value over volume’ focus and disciplined allocation of capital, we will continue to progress our strategic objectives and to deliver superior returns to shareholders in the short, medium and long term.”

Pilbara iron ore shipments of 338 million tonnes (100 per cent basis) in 2018 were two per cent higher than 2017.

During the quarter, Rio Tinto announced it had successfully deployed AutoHaul at its Pilbara operations, approved a $2.6 billion investment in the Koodaideri iron ore replacement mine, and approved an investment of $1.55 billion (Rio Tinto's 53 per cent share $820 million) at two projects to sustain production capacity at the Robe River Joint Venture.

Bauxite production of 50.4 million tonnes in 2018 was one per cent lower than 2017. Third party shipments increased by two per cent to 32.8 million tonnes. During the fourth quarter, commissioning works at CBG in Guinea and the transition of operations from East Weipa to Amrun in Queensland resulted in a short term drop in production.

Aluminium production of 3.5 million tonnes was three per cent lower than 2017 due primarily to ongoing labour disruptions at the non-managed Becancour smelter in Canada.

Mined copper production of 634 thousand tonnes was 33 per cent higher than 2017, and above the guidance range, primarily reflecting strong performance at Escondida and increased production from Rio Tinto Kennecott due largely to higher grades.

Titanium dioxide slag production of 1.1 million tonnes was 15 per cent lower than 2017 due to production disruptions at Rio Tinto Fer et Titane in the second quarter, and intermittent stoppages related to labour disputes between contractors and their employees at Richards Bay Minerals in the first half.

Fourth quarter production at Iron Ore Company of Canada was four per cent higher than the fourth quarter of 2017. However, 2018 production was 20 per cent lower than 2017, due to a strike at the mine that significantly impacted second quarter production.

Other major milestones in the quarter included first bauxite shipment from Amrun, achieved six weeks ahead of schedule, and the signing of the Power Source Framework Agreement between Oyu Tolgoi and the Government of Mongolia.

Latest News

Rio Tinto learns to live with Covid-19

(Posted on 18/10/20)

Rio Tinto has released its third quarter production results.Chief Executive J-S Jacques said “... Read more


WCA supports IEA call for inclusivity

(Posted on 16/10/20)

Michelle Manook, Chief Executive, World Coal Association (WCA) has issued a statement on the World Energy... Read more


New Argentine frac sand plant selects Superior

(Posted on 12/10/20)

Superior Industries, Inc., a global manufacturer and supplier of bulk material processing and handling... Read more


Rusal smelter to switch to eco-friendly pitch

(Posted on 12/10/20)

As part of its environmental modernization program, by 2024 RUSAL, a leading global aluminium producer... Read more


Latest grain movement record for CN

(Posted on 07/10/20)

As the North American economy continues its recovery, CN is pleased to announce that its people moved... Read more


FLSmidth to acquire KnowledgeScape

(Posted on 07/10/20)

FLSmidth has confirmed the signing of a definitive agreement for the acquisition of KnowledgeScape,... Read more


BHP Australian apprenticeship pledge

(Posted on 02/10/20)

BHP CEO Mike Henry has announced BHP’s commitment to training and funding for 3,500 new Australian... Read more


U.S. agriculture urges Trump to remain in WTO

(Posted on 28/09/20)

The National Grain and Feed Association (NGFA) in the USA and 61 other U.S. agriculture stakeholders... Read more


Rusal completes domiciliation process

(Posted on 27/09/20)

RUSAL, a leading global aluminium producer, has announced that it has been registered as a new resident... Read more


WCA welcomes IEA report

(Posted on 21/09/20)

The World Coal Association (WCA) Chief Executive, Michelle Manook has welcomed the IEA Energy Technology... Read more


TelestackPort of Vancouver USATMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?CimbriaTOC EventsPort of South Louisiana
  • TMS Awards 2020
  • Port of Stockton
  • China Coaltrans 2020

Subscribe to our newsletter

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