30th Mar 2026 08:34
(Alliance News) - Rio Tinto PLC on Monday said its iron ore port operations have resumed after tropical cyclone Narelle passed over Western Australia's Pilbara region.
The London and Melbourne-based diversified miner said recent weather events, also including tropical cyclone Mitchell in February, are estimated to have reduced iron ore shipments by around 8 million tonnes, with a pathway identified to recover about half of that loss.
Rio Tinto's Pilbara iron ore shipment guidance for 2026 remains unchanged at 323 million to 338 million tonnes. Iron ore shipments in 2025 were 326.2 million tonnes.
Shares in Rio Tinto were up 3.3% to 6,761.00 pence each in London on Monday morning. They closed up 4.9% at AUD160.78 in Sydney.
Port closures at Rio Tinto's four Pilbara iron ore port terminals started on Tuesday.
Ship loading at East Intercourse Island, Parker Point and Cape Lambert B restarted Saturday.
Damage to Cape Lambert A is currently being repaired, with shipping at the facility expected to start in the coming days.
"All of the company's people remained safe and unharmed during the weather event," the miner said.
By Jeremy Cutler, Alliance News reporter
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