Foreign media reported on January 19, despite drilling progress in 2020, Rio Tinto has delayed production of copper and gold projects Winu Western Australia by one year. The company had previously expected to deliver the first batch of ore in 2023 and now expects this milestone to be achieved in 2024.
Meanwhile, the construction of the company's second-stage iron ore project in Western Australia continues, which will maintain its forecast for the first batch of ore this year. The company also expects to deliver the first batch of ore this year with Mitsui and Shinrikyo's Robe River joint JV project in Western Australia.
In the fourth quarter, the company delivered nearly 89 million tons of iron ore, up 2% from a year earlier and 8% from the previous quarter; Its total shipments rose 1 percent to 330.6 million tons in 2020, within the company’s 324-334 million tons of guidance. Rio Tinto expects shipments to range from 325 million to 340 million tons in 2021, up from 331 million tons in 2020.
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