Tag: Rio rinto
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Rio Tinto’s iron ore shipments down 12% in Q2CY’21, guidance intact
The world’s leading iron ore miner, Rio Tinto, recorded iron ore shipments at 76.3 million tonnes (mn t) for Q2CY’21, down by 12% y-o-y as compared to 86.7 mn t in Q2CY’20. The shipments fell amid additional drawdown of inventories, ongoing Covid restrictions and a tight labour market.The shipment, on a quarterly basis, fell marginally…