(Adds production details, context from paragraph 2)
Oct 17 (Reuters) - Rio Tinto (RIO) RIO.L reported a marginal 1.2% rise in its third-quarter iron ore shipments on Tuesday, as the Anglo-Australian miner ramped up production at its Gudai-Darri mine.
Rio Tinto, which makes 70% of its profit through its iron ore division, saw prices of the commodity improve compared to the second quarter as top consumer China stepped up its stimulus efforts.
The world's biggest iron ore producer shipped 83.9 million tonnes (Mt) of the steel-making ingredient from its Pilbara operations in the three months ended Sept. 30, compared with 82.9 Mt a year earlier.
That compares to a Visible Alpha estimate of 83.0 Mt, according to Barrenjoey.
The miner maintained its 2023 Pilbara iron ore unit cost guidance of $21.0 to $22.5 per tonne.
(Adds production details, context from paragraph 2) Oct 17...
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