19th Apr 2016 05:26
LONDON (Alliance News) - Anglo-Australian mining giant Rio Tinto PLC Monday said its iron ore production for the first quarter increased 13%, while shipments rose 11%.
Rio Tinto, the world's second-largest iron-ore producer, said its global iron ore production for the first quarter increased 13% to 84.0 million tonnes. Global iron ore shipments rose 11% to 80.8 million tonnes.
"These results demonstrate our commitment to operational excellence in 2016, with notable improvements in several important areas, including a strong performance in aluminum," said Chief Executive Sam Walsh.
Bauxite production for the quarter rose 6% in the quarter, while aluminum production increased 10%. Mined copper production declined 2%, while hard coking coal production inched down 1%. Semi-soft and thermal coal production declined 3%, while titanium dioxide slag plunged 24%.
Copyright RTT News/dpa-AFX
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