News: RIO Rio Tinto Says QTRLY Pilbara Iron Ore Shipments (100% Basis) 86.7 MT

July 17 (Reuters) - Rio Tinto Ltd (RIO) :

• RIO TINTO LTD - QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 86.7 MT VERSUS 85.4 MT REPORTED A YEAR AGO
• RIO TINTO LTD - QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 83.2 MT VERSUS 79.7 MT REPORTED A YEAR AGO
• RIO TINTO LTD - PRODUCTION GUIDANCE REMAINS UNCHANGED ACROSS ALL COMMODITIES FROM Q1 OPERATIONS REVIEW.
• RIO TINTO LTD - IN CHINA, CONDITIONS HAVE IMPROVED THROUGH Q2 AND APPEAR TO BE STABILISING
• RIO TINTO LTD- CAPITAL EXPENDITURE IS EXPECTED TO BE AROUND $6 BILLION IN 2020
• RIO TINTO LTD- CAPITAL EXPENDITURE FOR 2021 AND 2022 IS EXPECTED TO BE AROUND $7 BILLION PER YEAR
• RIO TINTO-CHINA'S DEMAND FOR IRON ORE CONTINUES WHILE RECOVERY IN JAPAN & EUROPE IS YET TO BEGIN MEANINGFULLY AND IS LIKELY TO BE SUBDUED WHEN IT DOES
• RIO TINTO LTD - CHINA'S COPPER CONCENTRATE MARKET REMAINS FAVOURABLE; HOWEVER, US MARKET IS WEAKER
• RIO TINTO- SEES PILBARA IRON ORE 2020 UNIT COST WITHIN PREVIOUS GUIDANCE OF $14-$15 PER TONNE, INCLUDING ONE-OFF COVID-19 COSTS OF $0.50 PER TONNE
• RIO TINTO LTD - IN CHINA, CONDITIONS HAVE IMPROVED THROUGH Q2 AND APPEAR TO BE STABILISING
• RIO TINTO-CHINA'S DEMAND FOR IRON ORE CONTINUES WHILE RECOVERY IN JAPAN AND EUROPE YET TO BEGIN MEANINGFULLY, LIKELY TO BE SUBDUED WHEN IT DOES
• RIO TINTO LTD - "FOLLOWING JUUKAN GORGE EVENTS IN PILBARA, ENGAGING EXTENSIVELY WITH TRADITIONAL OWNERS"
• RIO TINTO- PROGRESSING RETURN TO NORMAL ROSTERS AT IRON ORE OPERATIONS IN WESTERN AUSTRALIA; EXPECT TRANSITION TO BE COMPLETED BY AUGUST
• RIO TINTO LTD- TARGETING FIRST SUSTAINABLE PRODUCTION BETWEEN OCTOBER 2022 TO JUNE 2023 FROM OYU TOLGOI

https://www.asx.com.au/asxpdf/20200717/pdf/44klx9n4hzg43x.pdf

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