Rio Tinto has reported global iron ore shipments of 72.5 million tonnes, 9% higher than in the first quarter of 2014. Production of 74.7 million tonnes was a 12% increase year on year.
Q1 bauxite production was 4% higher than the first quarter of 2014, while aluminum production in the first quarter was in line with the same period of 2014.
‘By making best use of our high quality assets, low cost base and operating and commercial capability our aim is to protect our margins in the face of declining prices and maximise returns for shareholders throughout the cycle,’ said Rio Tinto chief executive Sam Walsh.
This story is reprinted from material from Rio Tinto, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
