Rio Tinto Q1 production results
(Posted on 17/04/20)
Rio Tinto Chief Executive J-S Jacques said “In these uncertain and unprecedented times we continue to deliver products to our customers with our first priority to protect the health and safety of all our employees and communities. We are focused on maintaining a business as usual approach and have taken extensive measures to ensure we can do so safely.
“All of our assets continue to operate and we achieved a very robust production performance in the first quarter. Our world-class portfolio and strong balance sheet serve us well in all market conditions and are particularly valuable in the current volatile environment. Our resilience and value over volume strategy mean we can continue to invest in our business, and support our communities and host governments.”
|
Production* |
Q1 2020 |
vs Q1 2019 |
vs Q4 2019 |
|
|
Pilbara iron ore shipments (100% basis) |
Mt |
72.9 |
+5% |
-16% |
|
Pilbara iron ore production (100% basis) |
Mt |
77.8 |
+2% |
-7% |
|
Bauxite |
Mt |
13.8 |
+8% |
-9% |
|
Aluminium |
kt |
783 |
-2% |
0% |
|
Mined copper |
kt |
133.0 |
-8% |
-4% |
|
Titanium dioxide slag |
kt |
293 |
-1% |
+3% |
|
IOC iron ore pellets and concentrate |
Mt |
2.6 |
+3% |
0% |
*Rio Tinto share unless otherwise stated
Demand in China continues to recover. In the rest of the world, the outlook is more uncertain. Commodity supply is being disrupted as Covid-19 restrictions impact supply chains and people movement globally.
Latest News
Bunge announces changes to board of directors
(Posted on 31/03/23)Bunge Limited has announced that Kathleen Hyle, non-executive chairperson of the Board of Directors,... Read more
Rio Tinto and First Quantum Peruvian copper project partnership
(Posted on 31/03/23)Rio Tinto and First Quantum Minerals have entered into an agreement to form a joint venture that will... Read more
Call for EU co-legislators to secure clean ammonia production
(Posted on 28/03/23)Fertilizers Europe has called on EU co-legislators to ensure that clean fertilizer and ammonia production... Read more
BHP and Hatch design study for electric smelting furnace pilot
(Posted on 24/03/23)BHP and global engineering, project management and professional services firm, Hatch, have signed an... Read more
Rio Tinto spends over A$15.3 bn with Australian suppliers
(Posted on 20/03/23)Rio Tinto increased its spend with Australian suppliers to more than A$15.3 billion in 2022, as part... Read more
Trafigura closes the refinancing and extension of credit facilities
(Posted on 20/03/23)Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing... Read more
Nexyst 360 selects Nexxiot to digitalize 5000 grain containers
(Posted on 07/03/23)Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize... Read more
Cargill strengthens executive team
(Posted on 28/02/23)Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa... Read more
SACE’s Push Strategy to support supplies of commodities to Italy
(Posted on 24/02/23)Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five... Read more
Job losses loom as British steel proposes coke ovens closure
(Posted on 22/02/23)British Steel has announced proposals to close its coke ovens as part of its drive to overcome global... Read more
