Rio Tinto releases first quarter production results
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Business Wire
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive J-S Jacques said “In these uncertain and unprecedented times we continue to deliver products to our customers with our first priority to protect the health and safety of all our employees and communities. We are focused on maintaining a business as usual approach and have taken extensive measures to ensure we can do so safely.“All of our assets continue to operate and we achieved a very robust production performance in the first quarter. Our world-class portfolio and strong balance sheet serve us well in all market conditions and are particularly valuable in the current volatile environment. Our resilience and value over volume strategy mean we can continue to invest in our business, and support our communities and host governments.”Production* Q1 2020vs Q1 2019vs Q4 2019Pilbara iron ore shipments (100% basis)Mt72.9+5%-16%Pilbara iron ore production (100% basis)Mt77.8+2%-7%BauxiteMt13.8+8%-9%Aluminiumkt783-2%
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