RIO rio tinto limited

News: RIO Rio Tinto's quarterly shipments fall 12%

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    July 16 (Reuters) - Global miner Rio Tinto (RIO) posted a 12% fall in its second-quarter iron ore shipments on Friday due to higher-than-expected rainfall in the West Pilbara region as well as planned shutdowns.

    The world's biggest iron ore producer said it shipped 76.3 million tonnes (mt) of the steel-making commodity for the three months ended June 30, compared with 86.7 mt a year earlier. It slightly beat a UBS estimate of 76 mt.

 
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