Yesterday
Rio Tinto cuts production guidance for most important commodity
Rio Tinto was among the worst performing blue-chip stocks in London on Wednesday after the Anglo-Australian group cut production guidance for iron ore, its key commodity and source of profits.
Rio said it had been experiencing “operational” challenges at the Greater Brockman hub in Western Australia, triggering a review of its mine plans.
As a result, the company said it expected to produce between 320m-330m tonnes of the steel making ingredient in 2019, against previous guidance of 333m-343m.
Neil Hume in London YesterdayRio Tinto cuts production guidance...
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