TBA GroupThe Wolfson Centre for Bulk Solids Handling Technology TOC EventsVan AalstPort of South LouisianaTelestack
  • Port of Stockton
  • Telestack
  • Van Aalst
  • TBA Group
  • TOC Events
  • Bühler GmbH

Rio Tinto releases Q3 production results

Rio Tinto releases Q3 production results

(Posted on 18/10/19)

Rio Tinto chief executive J-S Jacques said “We have delivered improved production across the majority of our products in the third quarter, with a solid result at our Pilbara mines driving increased sales of iron ore into robust markets. Our strong value over volume approach, coupled with our focus on operational performance and disciplined allocation of capital, will continue to deliver superior returns to shareholders over the short, medium and long term.”

  • Highlights include:
  • Pilbara iron ore shipments of 86.1 million tonnes (100% basis) in the third quarter were 5% higher than the third quarter of 2018. Pilbara iron ore production of 87.3 million tonnes (100% basis) was 6% higher than the third quarter of 2018 and 10% higher than the previous quarter, reflecting a good recovery from the operational and weather challenges experienced earlier in the year.
  • Third quarter bauxite production and shipments to third parties were 9% and 23% higher, respectively, than the same period of 2018. Bauxite production from non-managed Joint Ventures was lower than planned year to date.
  • Aluminium production of 0.8 million tonnes was 3% lower than the third quarter of 2018, primarily reflecting a preventive safety shutdown at one of the three pot-lines at ISAL in Iceland and earlier than planned pot relining at Kitimat in British Columbia, Canada.
  • Mined copper production of 158 thousand tonnes was 1% lower than the third quarter of 2018, but 15% higher than the second quarter, reflecting higher grades at Kennecott and improved throughput at Escondida.
  • At the Oyu Tolgoi underground project, the primary production shaft (shaft 2) remains on track for commissioning this month. Since July 2019, we have completed key infrastructure, including the central heating plant, the shaft 2 jaw crusher system and the surface discharge conveyor. Work continues on the mine re-design.
  • Titanium dioxide slag production of 321 thousand tonnes was 8% higher than the third quarter of 2018, reflecting a continued improvement in operational performance and the restart of furnaces in 2019.
  • Third quarter production at Iron Ore Company of Canada was 3% higher than the corresponding quarter of 2018 and 17% higher than the previous quarter, reflecting a return to normal operating conditions following the flooding incident which impacted June.
  • Guidance is unchanged, with the exception of bauxite production, which has been revised to around 54 million tonnes (previously 56 to 59 million tonnes), and alumina production, which has been revised to around 7.7 million tonnes (previously 8.1 to 8.4 million tonnes).
  • On 25 September 2019, Rio Tinto announced the signing of a Memorandum of Understanding with China Baowu Steel Group and Tsinghua University to develop and implement new methods to reduce carbon emissions and improve environmental performance across the steel value chain.
  • Third quarter exploration and evaluation spend was $177 million, 62% higher than the same period of 2018, primarily reflecting increased activity on advanced projects.

Latest News

Amogy and Trafigura to research ammonia cracking technology

(Posted on 25/09/22)

Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, and Trafigura, one of... Read more


Rio Tinto and Shougang Group explore steel decarbonisation

(Posted on 25/09/22)

Rio Tinto and Shougang Group, one of the world’s top 10 steel producers, have signed a Memorandum... Read more


Rio Tinto partners Volvo for low-carbon and autonomous solutions

(Posted on 15/09/22)

Rio Tinto and Volvo Group have signed a Memorandum of Understanding (MoU) to create a strategic partnership... Read more


Emergency measures required now to avert European steel crisis

(Posted on 09/09/22)

The European steel industry has called on EU policymakers to provide immediate relief against high energy... Read more


Europe’s fertilizer industry victim of energy chaos

(Posted on 07/09/22)

Rocketing gas prices have led to curtailment or shutdown of a majority of European fertilizer production... Read more


Cargill launches Asia Pacific digital studio to accelerate food/ag innovation

(Posted on 07/09/22)

Cargill is partnering with the Singapore Economic Development Board (EDB) to launch its first digital... Read more


Tata and Punjab Government to set up scrap based EAF steel plant

(Posted on 03/09/22)

Tata Steel has signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting... Read more


Turquoise Hill transaction Agreement in Principle with Rio Tinto

(Posted on 01/09/22)

Turquoise Hill Resources Ltd. has announced that it has reached an agreement in principle and entered... Read more


Vale first major mining company to test 100% electric 72-tonne trucks

(Posted on 25/08/22)

Vale have received two battery-powered 72-tonne off-highway trucks, which will be tested in the mines... Read more


Port of Amsterdam becomes member of responsible soy initiative

(Posted on 18/08/22)

The Port of Amsterdam recently became a member of the Round Table on Responsible Soy (RTRS), an initiative... Read more


Bühler GmbHCleveland Cascades LtdSailors SocietyPort of StocktonCimbriaVigan
  • Multimodal 2022
  • Vigan
  • Cleveland Cascades Ltd

Subscribe to our newsletter

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