Rio Tinto Sees Iron Ore Shipments Growth of 4% Y/Y, Raises Copper Target

18
2
Favorite

Rio Tinto Sees Iron Ore Shipments Growth of 4% Y/Y, Raises Copper Target

Seeking Alpha2023-01-17

Rio Tinto (NYSE:RIO) reported its Q4 iron ore production in the Pilbara region rose 6% Y/Y and 6% Q/Q to 89.5M metric tons, the mining giant shipped 87.3M tonnes from its Western Australian mines ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

JaxW
·2023-01-17
Futher update required
Reply
1
Report
Barbarazhao
·2023-01-17
Good news
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1142787514?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-01-17 17:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1142787514","market":"us","top_or_hot":-1,"title":"Rio Tinto Sees Iron Ore Shipments Growth of 4% Y/Y, Raises Copper Target","media":"Seeking Alpha","content":"<div>\n<p>Rio Tinto (NYSE:RIO) reported its Q4 iron ore production in the Pilbara region rose 6% Y/Y and 6% Q/Q to 89.5M metric tons, the mining giant shipped 87.3M tonnes from its Western Australian mines ...</p>\n\n<a href=\"https://seekingalpha.com/news/3924822-rio-tinto-sees-iron-ore-shipments-growth-of-4-yy-raises-copper-target\">Source Link</a>\n\n</div>\n","source":"seekingalpha_fund","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto Sees Iron Ore Shipments Growth of 4% Y/Y, Raises Copper Target</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto Sees Iron Ore Shipments Growth of 4% Y/Y, Raises Copper Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 17:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3924822-rio-tinto-sees-iron-ore-shipments-growth-of-4-yy-raises-copper-target><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rio Tinto (NYSE:RIO) reported its Q4 iron ore production in the Pilbara region rose 6% Y/Y and 6% Q/Q to 89.5M metric tons, the mining giant shipped 87.3M tonnes from its Western Australian mines ...</p>\n\n<a href=\"https://seekingalpha.com/news/3924822-rio-tinto-sees-iron-ore-shipments-growth-of-4-yy-raises-copper-target\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIO.AU","symbol_name":"力拓","start_time":0,"source_url":"https://seekingalpha.com/news/3924822-rio-tinto-sees-iron-ore-shipments-growth-of-4-yy-raises-copper-target","article_id":"1142787514","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142787514","pubTimestamp":1673949269,"sourceInfo":{"source_id":"seekingalpha_fund","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Rio Tinto (NYSE:RIO) reported its Q4 iron ore production in the Pilbara region rose 6% Y/Y and 6% Q/","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RIO.AU":"力拓","RIO.UK":"力拓","RIO":"力拓"},"translate_title":"力拓预计铁矿石出货量同比增长4%，提高铜目标","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO":0.9,"RIO.AU":0.9,"RIO.UK":0.9},"content_text":"Rio Tinto (NYSE:RIO) reported its Q4 iron ore production in the Pilbara region rose 6% Y/Y and 6% Q/Q to 89.5M metric tons, the mining giant shipped 87.3M tonnes from its Western Australian mines during the December quarter up 4% Y/Y while increasing 5% Q/Q.The final three months of 2022 saw the beginning of the end of China’s zero-Covid policy, and Rio Tinto said the resulting improving market conditions sent iron ore prices higher.However, the coming months will likely bring “high volatility”, the company added, as China faces a growing wave of COVID-19 cases.Some of Rio’s 2022 operational highlights and other key announcements include, prioritising the safety, health and wellbeing of its workforce and communities after experiencing the fourth consecutive year with no fatalities at managed operations.Pilbara operations produced 324.1 million tonnes, one per cent higher than 2021.Bauxite production of 54.6 million tonnes was one per cent higher than 2021.Mined copper production of 521,000 tonnes was six per cent higher than 2021.December saw the completion of the acquisition of Turquoise Hill Resources.Outlook: 2023 production guidance is unchanged since November 2022 with the exception of mined copper.On a Rio Tinto share basis, mined copper production guidance changed from 550 to 600 thousand tonnes to 600 to 655 thousand tonnes, on account of increased ownership in Oyu Tolgoi from 33% to 66%.The headline production guidance of 650 to 710 thousand tonnes now includes 100% of Oyu Tolgoi, in line with the consolidation of Oyu Tolgoi in Consolidated sales revenue and Underlying EBITDA in our group financial statements.Guidance for 2023 Pilbara iron ore unit cash costs is unchanged at $21.0 to $22.5 per tonne.Guidance for 2023 copper C1 unit costs is unchanged at 160 to 180 US cents/lb.Shares are down 2.6% premarket.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9956894231,"gmtCreate":1673953869323,"gmtModify":1676538908081,"author":{"id":"3582635042920976","authorId":"3582635042920976","name":"JaxW","avatar":"https://static.tigerbbs.com/e387971df14a5a7a9d52e133338baf77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582635042920976","idStr":"3582635042920976"},"htmlText":"Futher update required&nbsp;","listText":"Futher update required&nbsp;","text":"Futher update required","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956894231","repostId":1142787514,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956802418,"gmtCreate":1673949918634,"gmtModify":1676538907452,"author":{"id":"3576888762442253","authorId":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3576888762442253","idStr":"3576888762442253"},"htmlText":"Good news&nbsp;","listText":"Good news&nbsp;","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956802418","repostId":1142787514,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":18,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}