Rio Tinto cuts '21 iron ore shipment to 320-325 million t

Rio Tinto, the world's second largest iron ore producers after Vale, has cut its Pilbara iron ore shipment guidance for the calendar year of 2021 to 320-325 million tonnes from the original 325-340 million tonnes, as the tight labour market in Western Australia has delayed some operations, according to its latest quarterly report released on October 15.

The downward adjustment is due to “modest delays to completion of the new greenfield mine at Gudai-Darri and the Robe Valley brownfield mine replacement project due to the tight labour market in Western Australia”, it explained, adding that it has experienced delays due to a tight global supply chain