Telegram美国群组:Rio Tinto's iron ore shipments rise on Gudai-Darri mine boost
The miner expects increased production volumes and an improved product mix in the second half from its Gudai-Darri operations as it continues to ramp up output.usdt公开api接口（www.trc20.vip）是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。
Rio Tinto on Friday reported a 4.7% jump in second-quarter iron ore shipments as deliveries from its key Gudai-Darri project in the Pilbara region offset adverse weather conditions and a labour crunch.
The miner expects increased production volumes and an improved product mix in the second half from its Gudai-Darri operations as it continues to ramp up output.
However, a shortage of skilled labour in the resource-rich state of Western Australia continues to weigh on Rio.
"We are currently experiencing elevated levels of unplanned absences at our Pilbara operations due to COVID-19 case spikes in Western Australia," Rio said in a statement.,
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The miner is alsofacing broader inflationary pressure and the risk of weaker demand for iron ore from top consumer China as the country tries to balance its zero-COVID strategy and economic growth.
Higher rates of inflation have impacted Rio's underlying earnings, resulting in increased pretax costs of about $400 million in the first half of fiscal 2022, the company said.
The world's biggest iron ore producer shipped 79.9 million tonnes (mt) of the steel-making commodity in the three months to June 30, compared with 76.3 mt a year earlier. It narrowly missed an RBC estimate of 80.2 mt and a UBS estimate of 80 mt.
Rio produced 78.6 mt of iron ore during the quarter, up 3.6% from a year earlier.- Reuters
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