Rio Tinto lowers 2019 guidance by 4% amid operational challenges [CORRECTED]

Rio Tinto has lowered its iron ore shipment guidance for 2019 to 320-330 million tonnes on a 100% basis, about 4% lower than an earlier estimate of 333-343 million tonnes made in April.

The downgrading of its guidance was largely due to operational challenges faced at its Greater Brockman hub in the Pilbara region in Western Australia, it said on Wednesday June 19.

Most of the miner’s output of the steelmaking raw material originates in...


Alex Theo

June 20, 2019

06:54 GMT