Rio Tinto has issued a warning over a possible iron ore output loss of 14 million tonnes due to disruptions to its production in Australia caused by a cyclone that hit the country's west coast last month.
The miner said on Monday April 1 that it was expecting its Pilbara iron ore shipments in 2019 to be at the lower end of its 338-350 million tonnes guidance.The miner last week declared force majeure on certain iron ore contracts due to damage caused to its Cape Lambert A port facility in Australia by Cyclone Veronica. Cape Lambert A, which has an annual...