Bühler GmbHPort of StocktonTBA GroupPort of Vancouver USACleveland Cascades LtdTelestack
  • Telestack
  • Cleveland Cascades Ltd
  • Coaltrans Global 2021
  • Vigan
  • TOC Events
  • TBA Group

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

$8.4bn tax contribution by Rio Tinto

(Posted on 11/04/21)

Rio Tinto has released its 2020 Taxes paid. The company’s economic contribution report, which... Read more


En+ director joins Aluminium Stewardship Initiative board

(Posted on 06/04/21)

En+ Group, the world’s leading producer of low-carbon aluminium and independent hydropower, has... Read more


Project to monitor global fertilizer usage

(Posted on 01/04/21)

The International Fertilizer Association (IFA) and agri benchmark Cash Crop have announced the start... Read more


Rusal invests over $1bn on environment in a decade

(Posted on 01/04/21)

Rusal, a leading global aluminium producer, invested over USD1bn in environmental projects between 2011... Read more


World crude steel production rises

(Posted on 28/03/21)

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel... Read more


Rio Tinto selects solar technology for Boron mine

(Posted on 28/03/21)

International mining and metals company Rio Tinto and renewable energy technology company Heliogen has... Read more


NGFA outlines priorities for transportation bill

(Posted on 22/03/21)

The USA’s National Grain and Feed Association (NGFA) has urged lawmakers to prioritise improvements... Read more


British Steel to invest £100m this year

(Posted on 17/03/21)

British Steel has announced that it is investing £100m this year to support the next stage of... Read more


Rusal announces 2020 results

(Posted on 17/03/21)

Rusal, a leading global aluminium producer, has announced its results for the year ended 31 December... Read more


Power supply launch prepares smelter for commissioning

(Posted on 11/03/21)

En+ Group, the world’s largest producer of low carbon aluminium and independent hydropower, has... Read more


Coaltrans Global 2021The Wolfson Centre for Bulk Solids Handling Technology ViganSailors SocietyPort of South LouisianaTOC Events
  • Port of Vancouver USA
  • The Wolfson Centre for Bulk Solids Handling Technology

Subscribe to our newsletter

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