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breaking down rio tinto s iron ore production costs

breaking down rio tinto s iron ore production costs

Bad weather may cost Rio Tinto its iron ore crown -

Rio on Friday also raised its full-year iron ore production cost guidance due to increased labour and input costs. The miner expects unit costs of $18.00

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Rio Tinto sees inflation with costs up and tonnes down as ...

2021-7-16  Rio Tinto (ASX: RIO) has flagged an extra $300 million of costs from its Pilbara iron ore operations related to higher labour and diesel costs and changes to its mine heritage management following the Juukan Gorge debacle. That will lift its 2021 costs from the Pilbara iron ore operations above guidance of $16.70-17.70/t to $18-18.50/t.

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Rio Tinto hit by iron ore disruption, expects subdued 2021 ...

2021-7-16  “The change reflects price escalation of key input costs (diesel and labour), costs related to mine heritage management, and Covid-19 related costs,” Rio said. Second-quarter iron ore production across the region fell 9% compared to a year earlier, totalling 75.9 million tonnes. Shipments were down 12% year-on-year at 76.3 million tonnes.

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Production - Rio Tinto

Iron ore, one of the most abundant metals on Earth, is the primary raw material used to make steel Operations We work in about 35 countries – in mines, smelters and refineries, as well as in sales offices, data centres, research and development labs

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Rio Tinto: we'll thrive on lower iron ore prices while ...

2015-4-17  Rio Tinto has defended increasing iron ore production even as prices plunge, arguing that being a low-cost miner allows it to thrive in the face of

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Rio Tinto cuts 2021 iron ore shipments forecast on labour ...

2021-10-15  The miner now expects 2021 Pilbara iron ore shipments at between 320 million tonnes (mt) and 325 mt, down from a previous range of 325 mt to 340 mt. The downgrade puts Rio on course to lose its ...

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Gold takes a well-earned break in exploration - Australian ...

2021-11-30  Rio Tinto Iron Ore hits 1000 truck bodies from Austin ... and iron ore’s jump of 15.8 per cent to $174.6 million was the second largest gain

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Jefferies downgrades iron ore majors as Vale releases ...

2021-10-20  Vale's iron ore fines production was 18.1% higher quarter-on-quarter at 89.4 million tonnes and above estimates of 87.3Mt, however the Brazil-based miner is trimming production of lower-margin ore ...

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Here are the breakeven costs for Australia's iron ore miners

2015-4-8  Here are the breakeven costs for Australia’s iron ore miners. Alex Heber Apr. 8, 2015, 12:43 PM. Iron ore is getting slammed. Over two months the

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Here are the breakeven rates for major iron ore miners

2018-1-8  For those looking to buy or sell shares in a listed iron ore miner, this table from Macquarie Bank may be of some interest. It shows the current breakeven levels for various iron ore miners, along ...

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Bad weather hits Rio Tinto's qtrly iron ore exports ahead ...

2021-7-16  Rio on Friday also raised its full-year iron ore production cost guidance due to increased labour and input costs. The miner expects unit costs of $18.00-$18.50 per tonne for the year, up from its ...

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Jefferies downgrades iron ore majors as Vale releases ...

2021-10-20  Vale's iron ore fines production was 18.1% higher quarter-on-quarter at 89.4 million tonnes and above estimates of 87.3Mt, however the Brazil-based miner is

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Iron ore hits 9-year high: What this means for BHP ...

With the iron ore price fetching US$176.90 a tonne, BHP, Fortescue, and Rio Tinto are generating significant free cash flow from their iron ore operations. For example, BHP’s cost guidance for ...

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Iron ore output surges at Rio Tinto’s Canadian arm - The ...

2015-7-16  Rio Tinto Group's iron ore production in Canada surged in the second quarter despite falling prices as the company worked to covered high fixed costs. The London-based miner said the Iron Ore ...

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2020 full year results - Rio Tinto

2021-2-17  Rio Tinto announces total dividend of 557 US cents per share for 2020, a 72% pay-out, from robust results during a challenging year ... •First ore from the other iron ore sustaining production projects – the $0.8 billion (our share) Robe River Joint Venture (West Angelas CD and Mesa B, C and H at Robe Valley) and the $0.8 billion ...

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Rio Tinto’s driverless train woes - Mining Technology

2016-7-10  Rio Tinto’s driverless train woes. 10 Jul 2016. Rio Tinto has been forced to cut its iron ore production guidance after repeated software glitches delayed its AutoHaul driverless freight train programme in Western Australia. The company is facing

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BHP Group (BHP) Rides on High Iron Prices Amid High Costs

2021-5-14  BHP Group’s iron ore production in the January-March period was down 3%, while VALE’s production was down 19.5%. Rio Tinto’s iron ore output in the March quarter fell 2% on an annual basis.

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Here are the breakeven rates for major iron ore miners

2018-1-8  For those looking to buy or sell shares in a listed iron ore miner, this table from Macquarie Bank may be of some interest. It shows the current breakeven levels for various iron ore miners, along ...

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BHP and Rio Tinto dictate terms to the Abbott governent ...

2015-5-23  Jones’s bugbear du jour was the way two giant mining companies, Rio Tinto and BHP, were flooding the world market with iron ore and forcing down prices. Jones was gunning for the big companies. He accused them of being unconcerned about the collateral damage they were doing to the Australian economy by their continued expansion of production.

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Fortescue cuts iron ore production cost target Reuters

2016-7-26  Australia's Fortescue Metals Group on Wednesday lowered its production cost target for fiscal 2017 to $12-$13 per wet metric ton, down from its fiscal 2016 average of $15.43 a metric ton and ...

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Rio Tinto expects higher costs for flagship iron ore ...

Rio Tinto has flagged up to $500m of extra spending on assets and infrastructure at its flagship iron ore business in Australia. Ahead of an investor update on Thursday, the miner said the cost of ...

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Bad weather hits Rio Tinto's qtrly iron ore exports ahead ...

2021-7-16  Rio on Friday also raised its full-year iron ore production cost guidance due to increased labour and input costs. The miner expects unit costs of $18.00-$18.50 per tonne for the year, up from its ...

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Rio Tinto again downgrades its iron ore export targets

2021-10-14  Rio Tinto has downgraded its iron ore export target for the third consecutive year in a horror quarterly update that announced production downgrades in

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Iron ore output surges at Rio Tinto’s Canadian arm - The ...

2015-7-16  Rio Tinto Group's iron ore production in Canada surged in the second quarter despite falling prices as the company worked to covered high fixed costs. The

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BHP Group (BHP) Rides on High Iron Prices Amid High Costs

2021-5-14  BHP Group’s iron ore production in the January-March period was down 3%, while VALE’s production was down 19.5%. Rio Tinto’s iron

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2020 full year results - Rio Tinto

2021-2-17  Rio Tinto announces total dividend of 557 US cents per share for 2020, a 72% pay-out, from robust results during a challenging year ... •First ore from the other iron ore sustaining production projects – the $0.8 billion (our share) Robe River Joint Venture (West Angelas CD and Mesa B, C and H at Robe Valley) and the $0.8 billion ...

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BHP Group (BHP) Rides on High Iron Prices Amid High Costs

2021-5-14  BHP Group’s iron ore production in the January-March period was down 3%, while VALE’s production was down 19.5%. Rio Tinto’s iron ore output in the March quarter fell 2% on an annual basis.

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Rio Tinto returns cash bonanza as iron ore drives huge ...

2021-7-28  Rio TInto’s iron ore mine in the Pilbara, Gudai Darri. ... Rio’s first half iron ore shipments were down 3 per cent to 154.1 million tonnes compared to the first half of

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Fortescue logs lower iron ore prices; warns of protracted ...

2021-10-27  Rivals Rio Tinto here and BHP Group here had both flagged labour shortages in their production reports this month. Fortescue left its fiscal 2022 shipments outlook unchanged at between 180 mt and ...

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BHP and Rio Tinto dictate terms to the Abbott governent ...

2015-5-23  Jones’s bugbear du jour was the way two giant mining companies, Rio Tinto and BHP, were flooding the world market with iron ore and forcing down prices. Jones was gunning for the big companies. He accused them of being unconcerned about the collateral damage they were doing to the Australian economy by their continued expansion of production.

Read More