Rio Tinto Limited
(ASX:RIO) has announced strong first quarter production despite increasingly volatile commodity prices.
Global iron ore shipments were up 11 per cent with aluminium up ten per cent showing a strong improvement on the first quarter last year.
Mined copper was up 27 per cent on the previous quarter thanks to higher grades and improved throughput.
The sale of the Mount Pleasant cola project and restructure of Coal & Allied Group should also help cash flow.
Rio Tinto reported a net loss of $2.35 billion for the six months to the end of December 2015.
