SMM7 March 20: Rio Tinto recently released its second-quarter results. Due to the appreciation of its main operating currencies against the US dollar, capital expenditure is expected to be about US $6 billion in 2020, compared with US $50-6 billion previously, and US $7 billion per year in 2021 and 2022, compared with US $6.5 billion previously.
Overall, Rio Tinto achieved strong production results despite the outbreak and the earthquake in the Kennecott copper mine in the US. In terms of copper equivalent, the production performance of all products increased by 1% compared with the second quarter of 2019. Pilbara iron ore shipments and production increased by 1 per cent and 4 per cent respectively from a year earlier, up 19 per cent and 7 per cent respectively from a month earlier.
The production of Rio Tinto in the second quarter is as follows
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