TMS Awards 2021TOC EventsTelestackThe Wolfson Centre for Bulk Solids Handling Technology Port of StocktonVan Aalst
  • Port of South Louisiana
  • TOC Events
  • Van Aalst
  • Sailors Society
  • Vigan
  • TBA Group

Rio Tinto first quarter production results

 Rio Tinto first quarter production results

(Posted on 18/04/19)

Rio Tinto chief executive J-S Jacques has said, on the release of first quarter production results, “Our iron ore business faced several challenges at the start of this year, particularly from tropical cyclones. As a result, and following the continuing assessment of damage at the port resulting from the cyclones and other minor disruptions, 2019 guidance for Pilbara shipments is reduced to between 333 and 343 million tonnes. The quarterly operational performance in our other products was solid, generally higher than last year. Our focus remains on safety, delivering our ‘value over volume’ strategy and allocating capital with discipline, to continue delivering superior returns to our shareholders in the short, medium and long term.”

Operational update:

  • Pilbara iron ore shipments of 69.1 million tonnes (100 per cent basis) in the first quarter were 14 per cent lower than the first quarter of 2018. Production was significantly impacted by the weather disruptions in March and a fire at Cape Lambert A in January. These events will have an impact on second quarter performance.
  • 2019 guidance for Pilbara shipments has been revised to between 333 and 343 million tonnes (previously between 338 and 350 million tonnes, 100 per cent basis). The reduction reflects a slower ramp up and ongoing disruption to shipments caused by weather and other disruptions.
  • Commissioning of the Amrun bauxite mine was completed in March 2019, with the project delivered under budget and ahead of schedule. Bauxite production of 12.8 million tonnes in the quarter was one per cent higher than the same period of 2018, despite several weather events throughout the quarter significantly impacting production at the Amrun, Weipa and Gove mines.
  • Aluminium production of 0.8 million tonnes was in line with the first quarter of 2018. Excluding the non-managed Becancour smelter, which was impacted by a lock-out, production was one per cent higher, reflecting continued productivity creep.
  • First quarter mined copper production of 144 thousand tonnes was three per cent higher than the first quarter of 2018, with strong contributions from Oyu Tolgoi and Rio Tinto Kennecott.
  • Titanium dioxide slag production of 296 thousand tonnes was one per cent higher than the first quarter of 2018.
  • First quarter production at Iron Ore Company of Canada was five per cent higher than the corresponding quarter of 2018, despite adverse weather conditions impacting production in February.
  • At the Oyu Tolgoi Underground Project the review of the mine design and the development schedule is continuing. The commissioning of the main production shaft (Shaft 2) is now expected to complete in October 2019.
  • On 27 February 2019, Rio Tinto announced it had discovered copper-gold mineralisation in the Paterson Province in the far east Pilbara region of Western Australia.
  • On 8 April 2019, Rio Tinto announced the approval of the construction of the Zulti South project at Richards Bay Minerals (RBM) in South Africa for $463 million (Rio Tinto share $343 million).
  • On 15 April 2019, Rio Tinto announced it had committed $302 million ($166 million Rio Tinto share) of additional expenditure to advance its Resolution Copper project in the US state of Arizona

Latest News

Copper Mark for BHP’s Olympic Dam, Spence and Escondida

(Posted on 30/11/21)

BHP’s Chilean operations Escondida and Spence, and Olympic Dam in Australia, have been awarded... Read more


Evolution to acquire Ernest Henry Mining from Glencore

(Posted on 25/11/21)

Glencore and Evolution Mining Limited (Evolution) have entered into a binding agreement for the sale... Read more


Increased investment for low-carbon AP60 aluminium production

(Posted on 18/11/21)

Rio Tinto is investing US$87 million to increase its low-carbon aluminium production in Canada with... Read more


Production of products from aluminium-scandium alloy launched

(Posted on 18/11/21)

RUSAL, a leading global aluminium producer, together with KUMZ, has successfully launched the production... Read more


Top-line regional growth and end-markets drives Schenck Process profit

(Posted on 11/11/21)

Driven by sustained market recovery and further progress in the implementation of its strategic agenda... Read more


Kamoa Copper reaches new monthly record

(Posted on 08/11/21)

Chairman of the Board, Ben Munanga and Chief Executive Officer, Mark Farren have announced that Kamoa... Read more


Global ag companies to accelerate towards net-zero emissions

(Posted on 02/11/21)

Ten of the world’s biggest global agricultural trading and processing companies have issued a... Read more


Low-carbon aluminium key ingredient for Japan’s growth

(Posted on 28/10/21)

En+ Group, together with its metals segment, RUSAL, has published research that stresses the critical... Read more


Rio Tinto and Carbfix partner for carbon capture and storage

(Posted on 28/10/21)

Rio Tinto and Carbfix are partnering to implement a technology for capturing carbon and permanently... Read more


VDKi: coal continues to secure energy transition

(Posted on 25/10/21)

The Verein der Kohlenimporteure e. V. (VDKi) – the German Coal Importers association, believes... Read more


Coaltrans Asia 2021Port of South LouisianaViganBühler GmbHCimbriaSailors Society
  • Bühler GmbH
  • Port of Stockton

Subscribe to our newsletter

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