Rio Tinto (ASX:RIO) resumes operations at Richards Bay Minerals

Company News

by Rachael Jones

Rio Tinto (ASX:RIO) has today started the process of resuming operations at Richards Bay Minerals in South Africa.

This follows discussions led by the Premier of KwaZulu-Natal, Sihle Zikalala, involving all stakeholders focused on securing stability in order to address the issues in the community and provide the stable environment necessary for RBM to resume operations.

As previously advised, titanium dioxide slag production for 2019 is now expected to be at the bottom end of 2019 guidance of between 1.2 and 1.4 million tonnes.

Shares in Rio Tinto (ASX:RIO) closed 0.9 per cent lower at $101.60 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.