Rio Tinto first-quarter shipments rise 4.7 pct
Rio Tinto’s iron ore operations in Australia’s Pilbara region. (Image courtesy of Rio Tinto.)
April 18 (Reuters) – Global miner Rio Tinto said on Wednesday its first-quarter iron ore shipments rose 4.7 percent, helped by fewer weather disruptions during the period and productivity improvements.
The world’s second-biggest supplier of the steel-making ingredient shipped 80.3 million tonnes in the quarter ended March 31, up from 76.7 million tonnes a year ago.
The Anglo-Australian miner maintained its guidance for this year of 330 million to 340 million tonnes.
(Reporting by Rushil Dutta in Bengaluru; Editing by Richard Pullin and Peter Cooney)
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