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.
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