RIO 2.07% $117.37 rio tinto limited

News: RIO Rio Tinto Q2 iron ore shipments rise 3% sequentially

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    July 16 (Reuters) - Rio Tinto (RIO) RIO.L reported around 3% sequential rise in its second-quarter iron ore shipments on Tuesday, as improved weather conditions led to higher production after a maintenance-heavy March quarter.

    The world's largest producer of iron ore shipped 80.3 million tons (Mt) of the steel-making commodity from its Pilbara operations in the three months ended June 30, compared with 78 mt in the first quarter.

    That missed Visible Alpha consensus estimate of 82.1 Mt.

 
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