Rio Tinto's Q4 iron ore shipments decreased by 1%, but company is focused on growth.

From Nasdaq: 2025-01-15 16:47:55

Rio Tinto reported a 1% decrease in Pilbara iron ore shipments and production in the fourth quarter of 2024. Bauxite production increased by 2% to 15.4 million tons, while aluminium production decreased by 1% to 837 kilo tons. CEO Jakob Stausholm highlighted the company’s commitment to strengthening operations and achieving profitable growth. Progress is being made in major projects, including the Oyu Tolgoi underground copper mine in Mongolia and the Simandou high-grade iron ore project in Guinea. The company aims for first production this year at the Western Range mine in the Pilbara.



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