Rio Tinto Q4 Iron Ore Production Up 6%

Tuesday, Jan 18, 2011
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(RTTNews) - Rio Tinto (RIO, RIO.L) announced that its global iron ore operations for the fourth quarter of 2010 reached 50.05 million tonnes attributable, up 6% from prior year quarter's 47.23 million tonnes.


Mined and refined copper were down 9% and 6% on the fourth quarter of 2009 and down 16% and 5% on full year 2009, in line with previous guidance.


Bauxite production increased 9% year on year in line with higher demand. Alumina and aluminium production were broadly flat.


Rio Tinto noted that it approved major capital projects totalling US$5.5 billion during the fourth quarter, bringing the full year total of project approvals to US$10.8 billion.

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