UTC+8 ( BJT)

Rio Tinto’s mined copper output at low end of guidance

ABSTRACT

Rio Tinto expects mined copper output (on actual share) for the calendar year of 2021 to be at the low end of the guidance at 500,000-550,000 tonnes, partly as over January-June, the output fell 11% on year to 236,100 tonnes in pure metal, according to its latest quarterly report released on July 16.
Rio Tinto’s mined copper output fell 13% on year or down 4% on quarter to 115,500 tonnes, mainly due to the lower recoveries and throughput at Escondida - its core mining base in North Chile with the prolonged adverse impact of COVID-19, and a planned relocation of the in-pit crusher at Kennecott - another

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