SHANGHAI, Apr. 20 (SMM) - Rio Tinto’s copper output at its copper mines slid 37% year-on-year to 84,200 tonnes in the first quarter of 2017 as a result of strike at Chile’s Escondida copper mine and output cut at Grasberg mine in Indonesia, wenhua.com reported.
The company thus lowers its production target to 500,000-550,000 tonnes this year from 525,000-665,000 tonnes expected previously. Its copper cathode production is estimated to be 185,000-225,000 tonnes.
Its aluminum output grew 2% year-on-year to reach 889,000 tonnes in Q1, but down 3% on a quarterly basis.
Coking coal production fell 20% year-on-year to 1.58 million tonnes.
Iron ore output was 81.558 million tonnes, a fall of 9.6% on a quarterly basis, and down 2.9% year-on-year. Shipments were 81.096 million tonnes, down 12.5% on a quarterly basis,but up 0.4% year-on-year.
The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.
For news cooperation, please contact us by email: firstname.lastname@example.org or email@example.com.