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 presents the Market Outlook/Market at Midday and the Market wrap. She also presents ASX company news and interview CEOs. She joined FNN in January 2017. She has been in broadcast journalism for over six years. She has worked as a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She has also worked as a qualified financial planner.