Rio Tinto lowers 2018 guidance for Canadian iron ore operations

By July Zhang / April 18, 2018 / www.metalbulletin.com / Article Link

Rio Tinto is expecting its Canadian iron ore pellet and concentrate output to drop this year but is maintaining its guidance for its Australian iron ore and coking coal operations.

Pilbara iron oreThe miner shipped 80.3 million tonnes of iron ore on a 100% basis from its Pilbara operations in Western Australia in the first three months of 2018, up 5% from a year earlier but down 11% in comparison with the preceding quarter, it said in its quarterly production update on Wednesday April 18.Its shipments were 2.8 million tonnes lower than its output of 83.1 million tonnes during the first quarter, due to port disruptions caused by...

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