Rio Tinto etches record Qtr bauxite production

Company News

by Jessica Amir

Rio Tinto (ASX:RIO) has reported record quarterly output for its bauxite operations of 12.9 million tonnes, which is 7 per cent higher than the prior corresponding quarter of 2016.

The metals and mining giant recorded quarterly bauxite production thanks to stronger production at Weipa and Gove.

Rio also reported a 48 per cent rise in mined copper for 2Q2017 compared to the 1Q2017.

Its Pilbara iron ore shipments and production only marginally increased when compared to 1Q2017, with shipments being impacted by accelerated rail track maintenance.

Shares in Rio Tinto (ASX:RIO) last traded 0.6 per cent higher yesterday to $65.92.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.