MELBOURNE, Australia–(BUSINESS WIRE)–Rio Tinto Chief Executive J-S Jacques said �We have delivered a good operational performance across most of our assets catching up on planned maintenance activity, particularly in iron ore, and continuing to adapt to new operating conditions as we learn to live with COVID-19. We have maintained our capex guidance and our 2020 production guidance across our key products.
We are focused on regaining the trust of the Puutu Kunti Kurrama and Pinikura people (PKKP) with a focus on remedy. On Tuesday 13 October we wrote a letter to Traditional Owners in the Pilbara detailing that we will review all heritage disturbance in consultation with them; and shared our intention to modernise our agreements which includes modifying clauses to ensure respect, transparency and mutual benefit.
Rio Tinto has shown great resilience through challenging conditions and will continue to prioritise the health and safety of our employees, contractors and communities. The quality of our assets, coupled with our strong focus on capital discipline and value over volume approach, mean we can continue to invest in our business, support our communities, pay taxes and royalties to host governments and continue to generate superior returns to shareholders in the short, medium and long term.
Production* |
|
Q3 |
vs Q3 |
vs Q2 |
9 MTHS |
vs 9 MTHS | |||
Pilbara iron ore shipments (100% basis) | Mt | 82.1 | -5 | % | -5 | % | 241.7 | 0 | % |
Pilbara iron ore production (100% basis) | Mt | 86.4 | -1 | % | +4 | % | 247.4 | +2 | % |
Bauxite | Mt | 14.5 | +5 | % | -1 | % | 42.8 | +7 | % |
Aluminium | kt | 797 | +1 | % | +2 | % | 2,365 | -1 | % |
Mined Copper | kt | 129.6 | -18 | % | -2 | % | 395.4 | -10 | % |
Titanium dioxide slag | kt | 293 | -9 | % | +12 | % | 848 | -8 | % |
IOC iron ore pellets and concentrate | Mt | 2.3 | -21 | % | -15 | % | 7.7 | -4 | % |
*Rio Tinto share unless otherwise stated
Q3 Operational update
The full third quarter production results are available here
This announcement is authorised for release to the market by Rio Tintos Group Company Secretary.
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State
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Steve Allen
Rio Tinto plc
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Tim Paine
Rio Tinto Limited
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Melbourne 3000
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Category: General
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