Rio Tinto lowers hard coking coal output guidance for 2014

Rio Tinto has cut 300,000 tonnes from the forecast for its own hard coking coal output this year, as it arranges production to favour the more profitable thermal coal.

Output is expected to reach 8.2 million tonnes, down from a previous guidance of 8.5 million tonnes, the miner said in its first quarter operations review on Tuesday April 15. "This change is driven by prioritising production of thermal coal from a processing plant by-product stream at Hail Creek which delivers increased...


April 15, 2014

04:38 GMT