Rio Tinto - Latest news GMK Center

In the second quarter, shipments decreased by 4% q/q and 1% y/y

Compared to the fourth quarter of 2022, shipments decreased by 6%

In 2022, the companies created a joint venture to develop the Western Range project

In 2021, iron ore production increased by 1% y/y – 324.1 million tons

CMRG consolidates raw material purchases of about 20 of the largest Chinese steel producers

Investments will be directed to the construction of two solar power plants with a capacity of 100 MWh and a battery for 200 MWh

The company confirmed the iron ore shipment forecast for 2022 at the level of 320-335 million tons

Rio Tinto plans to phase out new diesel dump trucks by 2030

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Ore mining in April-June increased by 10%, reaching 78.6 million tons

Voluntary exclusion of Russian products from the supply chain of companies can be more significant than country-level sanctions