The company expects that in the current year, shipments of iron ore from the Pilbara region will remain at the level of 323-338 million tons.
According to the results of 2023, the British-Australian mining concern Rio Tinto increased the shipment of iron ore from the Pilbara region by 3% compared to 2022 - to 331.8 million tons. This was the second highest figure in the history of the company.
In the fourth quarter of last year, shipments of raw materials increased by 3% q/q. - up to 86.3 million tons. Compared to the same period of the previous year, supplies decreased by 1%.
Last year, iron ore production at Rio Tinto's Pilbara plants increased by 2% year-on-year to 331.5 million tons.
In October-December, this figure was 87.5 million tons, which is 5% more compared to the third quarter and 2% less compared to the same period last year.
The company expects that in the current year, shipments of iron ore from the Pilbara region, as previously forecast, will remain at the level of 323-338 million tons.
Rio Tinto will ship more low-grade iron ore (SP10) until replacement projects come online.