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Rio Tinto’s H1 iron ore output down 8% yoy, C1 cost up

Rio Tinto, the world’s second largest iron ore miner, posted an 8% year-on-year decline in both its iron ore output and sales from its Western Australia’s Pilbara operations over January-June, mainly due to the Tropical Cyclone Veronica over late March-early April, according to the company’s latest quarterly production report released on July 16.
In the first half of 2019, Rio Tinto’s iron ore output in Pilbara totalled 155.7 million tonnes (100% basis) with 79.7 million tonnes from the April-June quarter that was up 5% on quarter but down 7% on year, according to the report. The Cyclone Veronica disrupted Rio Tinto’s iron ore loading


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