Economic & Industrial

Rio Tinto: Iron Ore & Pellet Shipment Drops Over Maintenance and Safety Pauses

Rio Tinto: Iron Ore & Pellet Shipment Drops Over Maintenance and Safety Pauses
Mining News Pro - World`s second largest iron ore miner- Rio Tinto recorded decline in Q3 CY`18 shipments. Rio Tinto`s Pilbara iron ore shipments witnessed at 81.9 MnT, down 7% on quarterly basis as against Q2 CY`18 at 88.5 MnT. It has witnessed 5% drop in shipments as against Q3 CY`17 at 85.8 MnT.
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According to Mining News Pro -World`s second largest iron ore miner- Rio Tinto recorded decline in Q3 CY`18 shipments. Rio Tinto`s Pilbara iron ore shipments witnessed at 81.9 MnT, down 7% on quarterly basis as against Q2 CY`18 at 88.5 MnT. It has witnessed 5% drop in shipments as against Q3 CY`17 at 85.8 MnT.


Rio Tinto`s Pilbara iron ore production for third quarter CY`18 depicted fall on quarterly basis at 82.5 MnT, compared to Q2 CY`18, at 85.5 MnT. The Pilbara iron ore production in third quarter CY`18 recorded marginal decline against third quarter CY`17 at 85 MnT.


The Pilbara iron ore production and shipments in CY18 (Jan-Sep) witnessed rise on yearly basis at 251.2 MnT and 250.7 MnT respectively.
IOC pellet output surge in Q3 CY18


Rio Tinto`s iron ore & pellet concentrate production for the Q3 CY`18 recorded at 2.9 MnT, increase to more than three folds on quarterly basis as against Q2 CY`18 at 0.87 MnT. The production recorded sharp rise owing to ramp up of operation to normal production rates towards end of June’18.


However, on yearly basis the production dropped 9% as against 3.17 MnT in Q3 CY17 due to maintenance and productivity improvement project at Spiral plant.
The share of iron pellets & concentrates production for CY`18 remains unchanged at 9.0 to 10.0 MnT .


Rio Tinto productivity projects

 
Rio Tinto`s Pilbara shipments for 2018 are expected to be at upper end of guidance range 330 to 340 MnT.


The Pilbara train system automation is in progress and is scheduled to be completed by the end of 2018.


The Koodaideri feasibility study relating development of iron ore mine in Koodaideri, Pilbara region is expected to be completed by the end of 2018.


The company has received approval for West Angelas deposits C and D projects and Robe valley sustaining projects and construction is expected to begin in 2019.


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