14th Oct 2026 01:29
(Alliance News) - Rio Tinto PLC on Wednesday posted positive third-quarter results, with iron ore production up slightly while copper production remained flat.
Rio Tinto noted that operational impacts relating to the conflict in the Middle East "remained limited", adding that the company's fuel availability "remained adequate, supported by inventory buffers and alternative sourcing."
The London-based miner said Pilbara iron ore output for the quarter ended September 30 declined 1.2% to 83.4 million tonnes from 84.1 million tonnes the year prior, while sales rose to 85.7 million tonnes.
Global iron ore production increased 1.8% year-on-year to 89.7 million tonnes from 88.1 million tonnes.
Bauxite production declined 4.2% to 15.7 million tonnes from 16.4 million tonnes the year prior.
Alumina output rose 10% to 2.1 million tonnes from 1.9 million tonnes the year before.
Copper production for the third quarter remained mostly flat year-on-year at 205,000 tonnes, from 204,000 the year prior.
"We are finishing the year with momentum, with significant opportunities to accelerate improvements in safety, productivity and reliability through implementation of our operating system," said Rio Tinto Chief Executive Simon Trott.
"We remain on track for a AUD1.8 billion annualised productivity benefit run-rate by the end of 2026. Our major projects remain on schedule and budget, underwriting our growth profile to 2030," added Trott.
The company maintained its production and sales guidance.
Shares in Rio Tinto closed down 2.1% at 6,997.00 pence each in London on Tuesday and fell 0.2% to AUD160.61 each in Sydney on Wednesday morning.
By John Robaina, Alliance News reporter
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