Rio Tinto Expects Lower Shipments From Pilbara on Tropical Cyclone
17 February 2020 - 11:01PM
Dow Jones News
By Adria Calatayud
Rio Tinto PLC said Monday that it expects lower iron-ore
shipments from its Pilbara operations in western Australia, which
have been hit by Tropical Cyclone Damien.
Rio Tinto's shipments from Pilbara are now expected to be
between 324 million and 334 million metric tons, down from its
previous guidance of between 330 million and 343 million tons.
Iron-ore operations at Rio Tinto's Pilbara sites are
progressively resuming after the passing of the cyclone, but a
return to normal operations will take time as all mines experienced
some disruption, the company said. The cyclone caused
infrastructure damage across the company's entire Pilbara network,
including impact to access roads, electrical and communications
infrastructure and accommodation, it said.
Rio Tinto said it is working with its customers to minimize any
supply disruption.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
February 17, 2020 06:46 ET (11:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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