Rio Tinto Limited
(ASX:RIO) has produced a record amount of iron ore, bauxite and thermal coal.
The production ramp up comes as CEO Sam Walsh announces the multinational miner has exceeded its cost-cutting targets for the year and sold $3.5 billion worth of assets.
In the fourth quarter, Rio Tinto's iron ore output was 55.51 million tonnes, a seven per cent increase on the previous corresponding period.
In the full year, Rio's iron ore output was 208.9 million tonnes, a five per cent increase on 2012’s result.
Global iron ore shipments totalled 259 million tonnes for the year, up five per cent on the previous year.
Rio Tinto delivered a net profit of $1.8 billion in the first half of fiscal 2013.
