Rio Tinto Iron Ore Shipments Rise 6% Y-o-Y in Q3 CY’17

According to the reports, Rio Tinto’s  iron ore shipments were up 6% Y-o-Y to 85.8 MnT in Q3 CY’17 against Q3 CY’16 amid improved rail capacity. On quarterly basis, company’s iron ore shipments increased by 11%. Iron ore shipments in first nine months of CY17 were recorded at 240.2 MnT, stable on yearly premises.

In Q3 CY17, Rio Tinto’s Pilbara iron ore production stood at 85 MnT, up 2% Y-o-Y. However on quarterly basis, production has increased by 6%. In the first nine month of CY’17 company has produced 241.9 MnT iron ore, slightly less on yearly premises owing to weather disruptions in 1^st half of the year.

Rio Tinto’s expected Pilbara shipments in 2017 subject to weather remains unchanged at around 330 MnT.