https://www.engineeringnews.co.za

Cyclone hits Rio Tinto’s iron-ore guidance

1st April 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Diversified miner Rio Tinto on Monday warned that iron-ore production in 2019 was likely to be some 14-million tonnes below previous estimates.

The miner noted that while its iron-ore projects in Western Australia were progressively resuming operation following Tropical Cyclone Veronica, initial inspections have uncovered some damage to the Cape Lambert A port facility.

This has resulted in Rio declaring a force majeure on certain contracts, with the miner telling shareholders that it was working with customers to minimise any disruptions in supply.

In addition to the damage caused by Tropical Cyclone Veronica, Rio in January this year also battled a fire at Cape Lambert A.

The miner said on Monday that on the back of the disruptions at this operation, iron-ore shipments from its Pilbara operations were expected to be at the lower end of the 338-million-tonne to 350-million-tonne guidance for the 2019 full year.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 0.9s - 140pq - 2rq
Subscribe Now