Rio Tinto Limited (ASX: RIO) has announced a lift in third quarter production across most areas.
Global iron ore shipments and production were up by 11 per cent vs the same 9 month period last year.
Copper is still on track to meet full year guidance despite being 17 per cent down on production at the same time last year with higher grades expected to service the shortfall.
The recent sale of Rio’s interest in the Bengalla thermal coal JV for $606 million plus strong cash flow has added to a strengthening balance sheet.
Rio Tinto reported a half year net profit of $1.04 billion for the period ended 30 June 2015.
