Rio Tinto Declares Force Majeure on Some Iron-ore Contracts After Fire
January 13 2019 - 10:13PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Rio Tinto PLC (RIO.LN) has declared force majeure on
some iron-ore contracts after a fire at its Australian port
facilities last week.
The mining company, one of the world's top exporters of steel
ingredient iron ore, said a fire broke out at the Cape Lambert port
in Western Australia state on Jan. 10, causing damage to a section
of the plant that separates its Robe Valley lump and fine
products.
"Rio Tinto is assessing the full impact of the damage and will
do all it can to try and minimize disruption to our customers," the
company said in an emailed statement. It said shipments of other
iron-ore products aren't affected.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
January 13, 2019 21:58 ET (02:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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