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Rio Tinto updates on iron ore company of Canada


Post Date: 20 Jul 2013    Viewed: 356

Saleable production in the Q2 was 21% higher than the same period of 2012 following the completion of the Concentrate Expansion Project and the Phase I of CEP2 combined with operational improvements.


Q2 concentrate sales were 139% higher than the previous quarter (222% higher than the Q2 of 2012) as a result of additional production from the expansions and the availability of previously frozen material from the Q1. Q2 pellet sales were 57% higher than the previous quarter (6% lower than the Q2 of 2012) due mainly to higher pellet production rates and product availability.


2013 production guidance; 2013 production guidance is unchanged at approximately 265 million tonnes (100% basis) from global operations in Australia and Canada subject to weather constraints.


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