RIO TINTO AT A GLANCE: First-half production results

By Michael Roh / August 01, 2018 / www.metalbulletin.com / Article Link

Summary of Rio Tinto's first half production results for the six months ended June 20 (Rio Tinto share unless otherwise indicated, year-on-year change).

Iron ore shipments (100% basis)168.8 million tonnes, +9%Iron ore production (100% basis)168.7 million tonnes, +7%Hard coking coal3.276 million tonnes, +4%Copper, mined296.1 million tonnes, +42%Copper, refined117.9 million tonnes, +53%Bauxite25.931 million tonnes, +7%Alumina3.988 million tonnes, -2%Aluminium1.704 million tonnes, -4%Effects of tariffs, sanctions, strikesThe Anglo-Australian metals and mining multinational reported a net income of $4.38 million in the first six months of 2018, up by 33% from the corresponding period in 2017.In Rio Tinto's aluminium operations, the company "benefited from higher market premiums for aluminium, in particular the mid-west premium in the United States, which averaged $463 per tonne in first half of 2018, compared with $206 per tonne in first half of 2017, a 125% rise," Rio Tinto said in the release of its January-June2018...

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