Rio Tinto Iron-Ore Shipments Jump 8% for Quarter
July 15 2015 - 7:21PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Rio Tinto PLC said quarterly iron-ore shipments rose 8%
despite weather disruptions, as it ramps up output from its
operations in western Australia.
The Anglo-Australian miner reported global iron-ore shipments of
81.4 million metric tons during the three months through June,
which was 12% higher than the prior quarter.
Rio Tinto, the world's second-largest exporter of the
steelmaking commodity, has been expanding its network of mines and
infrastructure in Australia's iron-rich Pilbara region, despite a
sharp fall in prices over the past 18 months.
The company also reported a 5% increase in bauxite production,
to 10.7 million tons, but said quarterly copper output fell 19% to
134,000 tons.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
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