News: RIO Rio Tinto Says Qtrly Pilbara Iron Ore Shipments (100% Basis) 77.8 MT

April 20 (Reuters) - Rio Tinto Ltd (RIO) :

• QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 77.8 MT VERSUS 72.9 MT AS REPORTED LAST YEAR
• QTRLY MINED COPPER 120.5 KT VERSUS 133.0 KT REPORTED LAST YEAR
• QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 76.4 MT VERSUS 77.8 MT AS REPORTED LAST YEAR
• CAPITAL EXPENDITURE REMAINS UNCHANGED AT AROUND $7.5 BILLION EACH YEAR FROM 2021 TO 2023
• QTRLY ALUMINIUM PRODUCTION 803 KT VERSUS 783 KT AS REPORTED LAST YEAR
• FULL YEAR IRON ORE SHIPMENTS GUIDANCE REMAINS UNCHANGED
• EXPECT ROBUST GLOBAL ECONOMIC GROWTH IN NEAR TERM
• DURING Q1, OYU TOLGOI SHIPMENTS AFFECTED BY CHINESE BORDER RESTRICTIONS DUE TO INCREASED CASES OF COVID-19 IN MONGOLIA
• REMAIN WATCHFUL OF RISKS, IN PARTICULAR INFLATIONARY PRESSURES AND ASSOCIATED ADJUSTMENTS TO INTEREST RATES BY MONETARY AUTHORITIES
• 2021 GUIDANCE FOR PILBARA IRON ORE (SHIPMENTS, 100% BASIS) IS UNCHANGED
• REMAIN WATCHFUL OF RISKS, PARTICULARLY INFLATIONARY PRESSURES AND ASSOCIATED ADJUSTMENTS TO INTEREST RATES BY MONETARY AUTHORITIES
• AT OYU TOLGOI, UNDERGROUND ACCESS HAS RESUMED, BUT WORK ON SHAFTS 3 AND 4 WILL REMAIN SHUT-DOWN THROUGHOUT APRIL
• CHINA'S RENEWED FOCUS ON REDUCING STEELMAKING EMISSIONS WILL LIKELY RESTRAIN STEEL EXPORTS IN 2021, SUPPORTING MARGINS GLOBALLY
• FUTURE IMPACT ON PILBARA IRON ORE OPERATIONS, MINE DEVELOPMENTS, HERITAGE APPROACH FROM REFORM OF ABORIGINAL HERITAGE ACT 1972 (WA) REMAINS UNKNOWN
• IN PILBARA, HAVE NOW REVIEWED MORE THAN 1,300 SITES, WITH 54 MILLION DRY TONNES OF IRON ORE REMOVED FROM RESERVES
• FURTHER INTEGRATING HERITAGE CONSIDERATIONS INTO MINE PLANNING AND DEVELOPMENT STUDIES

Source text https://www.riotinto.com/news/releases/2021/Rio-Tinto-releases-first-quarter-production-results

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