Jan 17 (Reuters) - Rio Tinto RIO.AX on Friday posted a 3% drop in iron ore shipments for the total
Jan 17 (Reuters) – Rio Tinto RIO.AX on Friday posted a 3% drop in iron ore shipments for the total yr because the Anglo-Australian miner’s operations had been disrupted final yr by cyclone and fireplace.
Iron ore shipped from Australia’s Pilbara area in 2019 was 327.four million tonnes, the corporate mentioned, effectively inside its forecast of 320 million tonnes to 330 million tonnes.
Rio expects shipments in 2020 to be between 330 million tonnes and 343 million tonnes.
In the meantime, iron ore shipments within the fourth quarter ended Dec. 31 fell to 86.eight million tonnes from 87.four million tonnes a yr earlier.
(Reporting by Nikhil Kurian Nainan and Aby Jose Koilparambil in Bengaluru; Modifying by Arun Koyyur)
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