Australia-based miner Rio Tinto has announced its production results for the first quarter this year.
In the first quarter this year, Rio Tinto’s iron ore production from its Pilbara operations in Western Australia decreased by 11.4 percent quarter on quarter and increased by 10.6 percent year on year to 79.3 million mt.
In the given quarter, the company’s iron ore shipments from its Pilbara operations amounted to 82.5 million mt, rising by 15.4 percent from the same quarter of the previous year and down by 5.5 percent compared to the fourth quarter last year. The company achieved its highest-ever first quarter shipments from its Pilbara operations.
Rio Tinto’s Pilbara iron ore shipment guidance for 2023 stands at 320-335 million mt subject to weather and market conditions.
