Rio Tinto reports record first quarter iron ore shipments, lowers mined copper guidance for 2023

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Rio Tinto reports record first quarter iron ore shipments, lowers mined copper guidance for 2023
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Rio Tinto reports record first quarter iron ore shipments, lowers mined copper guidance for 2023 RioTinto

- Global mining giant Rio Tinto announced today that in Q1 2023, its Pilbara operations produced 79.3 million tonnes of iron ore, 11% higher than the first quarter of 2022.

However, Rio Tinto noted that its mined copper guidance for 2023 has been lowered to 590 to 640 thousand tonnes primarily reflecting the impact of the conveyor outage at Kennecott, together with the geotechnical challenges in the open pit at Escondida. Aluminium production of 0.8 million tonnes was 7% higher than the first quarter of 2022 as the company benefited from the continued ramp-up of the Kitimat smelter.

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