Rio Tinto flags 14mln tonnes of iron ore output loss due to Cyclone Veronica

Rio Tinto has issued a warning over a possible iron ore output loss of 14 million tonnes due to disruptions to its production in Australia caused by a cyclone that hit the country’s west coast last month.

The miner said on Monday April 1 that it was expecting its Pilbara iron ore shipments in 2019 to be at the lower end of its 338-350 million tonnes guidance.
The miner last week declared force majeure on certain iron ore contracts due to damage caused to its Cape Lambert A port facility in Australia by Cyclone Veronica.

Cape Lambert A, which has an...


Deepali Sharma

April 01, 2019

08:05 GMT