Rio Tinto’s Pilbara iron ore shipments rise 14% in Q2 2018

By Thierry Boudan
Share

Leading global metals and mining corporation Rio Tinto has revealed that its Pilbara iron ore exports rose 14% during Q2 2018, up to 88.5mn tonnes for the three-month period.

The significant rise can largely be attributed to good weather and improved productivity across its regional operations, with Rio Tinto stating that it now expects its total shipments from Pilbrara to be at the upper end of the existing guidance range of 330 to 340mn tonnes.

See also:

“Operational performance was solid across most commodities, rounding out a strong first half performance for the Group. Our increasingly flexible Pilbara iron ore system continued to perform well,” said Rio Tinto CEO Jean-Sébastien Jacques.

Further, the company also unveiled positive results across other key areas of its operations, demonstrating improvements in productivity across the company’s portfolio.

“Our bauxite and copper businesses also delivered strong operating results, demonstrating the success of our ongoing mine-to-market productivity programme, which is increasingly important in an environment of rising cost inflation,” Jacques continued.

During H1 2018, Rio Tinto’s Pilbara operations produced 168.7mn tonnes, 7% higher than the same period of 2017.

Share

Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia

Sustainability

Huawei smartwatch goes for gold with Ultimate Edition

Lifestyle

How IKEA India plans to double business, triple headcount

Corporate Finance