TOC EventsPort of StocktonPort of Vancouver USATBA GroupBühler GmbHSailors Society
  • Cimbria
  • Port of Stockton
  • Sailors Society
  • Telestack
  • Port of South Louisiana
  • Vigan

Rio Tinto releases Q2 production results

Rio Tinto releases Q2 production results

(Posted on 22/07/20)

Rio Tinto has achieved a robust production performance with volumes up 1% compared with the second quarter of 2019 on a copper equivalent basis despite significant global challenges, restrictions related to COVID-19 and the impact of the earthquake at Kennecott, Utah. Pilbara iron ore shipments of 86.7 million tonnes (100% basis) were 1% higher than the second quarter of 2019 despite the impact of COVID-19 related operational controls. With 1.7 million tonnes of port sales in the second quarter, we continue to grow our portside business steadily, looking to better serve our existing customers and open opportunities to sell to new customers who do not participate in the seaborne market.  Bauxite production of 14.6 million tonnes, 9% higher than the second quarter of 2019, continued the first quarter trend following the successful ramp-up of Amrun in 2019, and higher production at the non-managed CBG joint venture in Guinea reflecting good progress on the ramp-up of the expansion. Rio Tinto Chief Executive J-S Jacques said “We delivered a strong performance, particularly in iron ore and bauxite, demonstrating the underlying resilience of our business and ability to adapt in difficult conditions. Our iron ore assets are performing well in a strong pricing environment and we are on track to meet our 2020 iron ore guidance. Despite various COVID-19 related challenges, all our assets have continued to operate, with our first priority to protect the health and safety of all our employees and communities. “Our focus is to maintain a business as usual approach with many safeguards at a very unusual time. Our operational teams are continuing to run our assets safely so we can continue to contribute to local and national economies and serve our customers. We remain even more committed to our relationship with communities, following the Juukan Gorge events in the Pilbara, and we are engaging extensively with Traditional Owners around our operations and across Australia. “We are executing our value over volume strategy to drive performance, productivity and free cash flow per share. We will remain agile and ready to adapt to the changing operating and macro environment.”

Latest News

Rio Tinto reiterates apology as annual report published

(Posted on 24/02/21)

Rio Tinto has published its 2020 Annual Report and its Sustainability Fact Book. These documents complement... Read more


Rusal becomes preferred supplier to Kosei

(Posted on 24/02/21)

Rusal, a leading global aluminium producer, has announced that it has been named the preferred global... Read more


Rusal acquires German aluminium producer

(Posted on 17/02/21)

Rusal a leading global aluminium producer, has announced that it has agreed to acquire the business... Read more


Low-carbon iron MoU signed

(Posted on 17/02/21)

Rio Tinto, Paul Wurth S.A. and SHS-Stahl-Holding-Saar GmbH & Co. KGaA (SHS) have signed a Memorandum... Read more


Ukraine’s agricultural export record

(Posted on 10/02/21)

The share of agro-industrial products in the general structure of exports from Ukraine in 2020 reached... Read more


Rusal operating results

(Posted on 10/02/21)

Rusal, a leading global aluminium producer, has announced operating results for the fourth quarter of... Read more


Global crude steel output decreases by 0.9%

(Posted on 04/02/21)

Global crude steel production reached 1,864.0 million tonnes (Mt) for the year 2020, down by 0.9% compared... Read more


AIC responds to Defra’s urea consultation

(Posted on 04/02/21)

The Agricultural Industries Confederation (AIC) in the UK believes that a ban on the sale and use of... Read more


Palantir and Rio Tinto sign enterprise partnership

(Posted on 29/01/21)

Palantir Technologies Inc. have announced it has signed a multi-year enterprise agreement for its Foundry... Read more


BHP’s operational review

(Posted on 25/01/21)

Chief Executive Officer, Mike Henry has released a statement on BHP’s operational review for the... Read more


Port of South LouisianaCimbriaCleveland Cascades LtdTelestackViganThe Wolfson Centre for Bulk Solids Handling Technology
  • Cleveland Cascades Ltd
  • Port of Vancouver USA
  • TOC Events

Subscribe to our newsletter

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