Tuesday, 15 April 2014

Rio Tinto share price: Miner delivers performance records in Q1

Otmane El Rhazi, Tuesday, April 15: Rio Tinto (LON:RIO) has reported record first quarter iron ore production, shipments and rail volumes, but production fell short of some analysts’ expectations.

The Anglo-Australian miner said in a statement today that its global iron ore output had risen eight percent to 66.4 million metric tonnes in the first three months of the year, from 48.3 million tonnes in the same period in 2013. However, the figure was below analysts’ expectations of around 70 million tonnes and down six percent from the final quarter of 2013.

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