Oct 16 (Reuters) - Rio Tinto Ltd (RIO) : QTRLY PILBARA IRON ORE...

Oct 16 (Reuters) - Rio Tinto Ltd (RIO) :

• QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 82.1 MT VERSUS 86.1 MT REPORTED A YEAR AGO
• QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 86.4 MT VERSUS 87.3 MT REPORTED A YEAR AGO
• QTRLY ALUMINIUM PRODUCTION 797 KT VERSUS 789 KT REPORTED A YEAR AGO
• MAINTAINED CAPEX GUIDANCE AND 2020 PRODUCTION GUIDANCE ACROSS KEY PRODUCTS
• RECENT HIGH-FREQUENCY DATA SUGGESTS THAT RATE OF RECOVERY IN GROWTH IS SLOWING IN MOST ECONOMIES
• ON 13 OCT, WROTE LETTER TO TRADITIONAL OWNERS IN PILBARA DETAILING THAT CO WILL REVIEW ALL HERITAGE DISTURBANCE IN CONSULTATION WITH THEM
• CHINESE IRON ORE DEMAND IS AT RECORD LEVELS AGAINST A BACKDROP OF RECOVERING SEABORNE SUPPLY THAT WAS DISRUPTED EARLIER IN YEAR
• PILBARA OPERATIONS RETURNING TO MORE NORMAL OPERATING CONDITIONS WITH ROSTERS BACK TO PRE-COVID-19 SETTINGS
• EXPECT SMELTER AT KENNECOTT WILL BE FULLY OPERATIONAL DURING OCT
• WITH MAJOR PRODUCERS EXPECTED TO SHOW STRONG Q4 VOLUMES, IRON ORE INVENTORIES EXPECTED TO GROW MODESTLY AS CHINA'S STEEL CONSUMPTION EASES
• FIRST SUSTAINABLE PRODUCTION AT OYU TOLGOI TRENDING TOWARDS EARLIER MONTHS OF OCTOBER 2022 TO JUNE 2023 RANGE
• PLANNED MAINTENANCE ACTIVITIES DEFERRED FROM FIRST HALF ARE EXPECTED TO CONTINUE THROUGH Q4
• TALKS CONTINUE WITH NEW ZEALAND GOVERNMENT & MERIDIAN ENERGY ON NEXT STEPS RELATING TO WIND-DOWN, CLOSURE OF TIWAI POINT ALUMINIUM SMELTER

Source text https://www.riotinto.com/news/releases/2020/Rio-Tinto-releases-third-quarter-production-results

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