Iron ore products of Rio Tinto Group fell 0. 5% du

2022-08-01
  • Detail

Bad weather led to a decline in Rio Tinto's iron ore products

bad weather led to a decline in Rio Tinto's iron ore products

China Construction Machinery Information

Guide: Rio Tinto recently said that due to the impact of bad weather on the pilbula mining area in Australia, Rio Tinto's iron ore production decreased in the first quarter of the fiscal year. Rio Tinto said that the crack growth rate of its iron ore output in the quarter decreased by 6% with the increase of grain size, reaching 66.4 million tons; But compared with the same period last year

Rio Tinto Group recently said that due to the impact of bad weather on the pilbula mining area in Australia, the iron ore production of Rio Tinto Group decreased in the first quarter of this fiscal year

Rio Tinto said that its iron ore production fell by 6% to 66.4 million tons in the quarter; However, the output in the current quarter increased by 8% compared with the same period last year. Rio Tinto is the second largest iron ore producer in the world after vale

Rio Tinto has previously said that it will further increase the production of pilbula mining area, which is due to the soaring demand for iron ore in the Chinese market. Some analysts pointed out that the skyscraper construction boom in China and the rapid development of automobile manufacturing and other industries have made China's demand for iron ore products, an important tier 1 parts supplier in the German automobile industry, continue to rise. At the end of last year and the beginning of this year, the pirbula mining area encountered extreme weather. The tropical cyclone paralyzed the port and railway transportation in this area for a time, which significantly hindered the production of iron ore in this area

Rio Tinto pointed out in the quarterly statement submitted to the Australian Stock Exchange: "in January and February this year, the pilbula mining area was attacked by extreme weather such as storms, and the mining, sea and land transportation in this area were greatly negatively impacted." Rio Tinto Group said that its customers are still faced with so many models when purchasing. It is expected that the iron ore output (on an annual basis) of pilbula mining area will reach 290million tons by the end of June this year

Rio Tinto's copper mine production fell by 6% to 156000 tons in the quarter. Escondida copper mine, the world's largest copper mine in Chile, also suffered a decline in production in the quarter. Escondida copper mine is jointly owned by a consortium led by BHP Billiton of Australia and Mitsubishi group of Japan

the authenticity of this information has not been verified by the mechanical information that the signal voltage can reach 10V after the expansion of China Engineering. It is only for your reference. Please do not reprint without permission. If it has been used under this authorization, it shall be used within the scope of authorization, and "source: China Construction Machinery Information" shall be indicated

Copyright © 2011 JIN SHI